Evans Bancorp, Inc. Buyback
OLI recorded this information on 3/25/2013
Company:
Evans Bancorp, Inc.
Buyback:
EVBN buyback
Share Amount Authorized:
100,000.00
Buyback Details:
Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE MKT:EVBN) a community financial services company serving Western New York since 1920, announced today that its Board of Directors approved a stock repurchase program, authorizing the repurchase of up to 100,000 shares of its outstanding common stock. The Board's decision is a reflection of its belief in the strength of Evans' balance sheet and the Company's commitment to delivering value to shareholders. The stock repurchase program is effective immediately and will be funded from available working capital.
Evans Bancorp is a bank holding company. Through its subsidiary, Evans Bank, N.A. (the Bank), Co. provides deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit, and provides a variety of loan products to its customers, including commercial and consumer loans and commercial and residential mortgage loans. Co.'s subsidiary, Evans National Financial Services, LLC, which owns the membership interests in The Evans Agency, LLC (TEA), sells various premium-based insurance policies on a commission basis. TEA is an insurance agency providing personal, commercial and financial services products.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: EVBN Stock Forecast Based on Zacks ABR data; powered by Xignite |