HAMBURG, N.Y., July 16, 2013 (GLOBE NEWSWIRE) -- Evans Bancorp, Inc. (the "Company") (NYSE MKT:EVBN) a community financial services company serving Western New York since 1920, announced that it was recognized among the top 10% of U.S. community banks in the first annual Raymond James Community Bankers Cup, according to a report recently published by Raymond James & Associates, a leading investment banking and financial advisory firm.
The Raymond James Community Bankers Cup identified the top 10% of community banks based on profitability, operational efficiency and balance sheet metrics. The pool of community banks considered for recognition includes all exchange-traded domestic banks, excluding mutual holding companies and potential acquisition targets, with total assets between $500 million and $10 billion as of December 31, 2013. More than 300 community banks across the United States were analyzed and considered for the award.
"We are extremely gratified to be recognized by Raymond James for our financial performance," said David J. Nasca, President and CEO of Evans Bancorp, Inc. "It is a great testament to our loyal customers and dedicated employees, who are responsible for our ongoing success and our continued pursuit of value for our shareholders."
About Evans Bancorp, Inc.
Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $824 million in assets, 13 branches and $698 million in deposits at March 31, 2013. Evans is a full-service community bank providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorp's wholly-owned insurance subsidiary, The Evans Agency, LLC, provides property and casualty insurance through seven insurance offices in the Western New York region. Evans Investment Services, Inc., a wholly-owned subsidiary of Evans Bank, provides non-deposit investment products, such as annuities and mutual funds.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning future business, revenue and earnings. These statements are not historical facts or guarantees of future performance, events or results. There are risks, uncertainties and other factors that could cause the actual results of Evans Bancorp to differ materially from the results expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include competitive pressures among financial services companies, interest rate trends, general economic conditions, changes in legislation or regulatory requirements, effectiveness at achieving stated goals and strategies, and difficulties in achieving operating efficiencies.
These risks and uncertainties are more fully described in Evans Bancorp's Annual and Quarterly Reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Evans Bancorp undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise.
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Source:Evans Bancorp, Inc.