Evans Bancorp Inc. announced that its Board of Directors declared a cash dividend of $0.31 on its outstanding common stock, a 19% increase from its previous $0.26 per share dividend paid on October 9, 2013.  This dividend equates to an annualized yield of 2.8%. The dividend is payable on April 8, 2014 to shareholders of record as of March 18, 2014.  This increase represents the fourth rise in dividend paid since 2011.

David Nasca, President and CEO of Evans Bancorp, Inc. stated, “The strength of our earnings allows Evans to reward our shareholders with this increased semi-annual dividend while maintaining a strong capital position to fuel our continued growth.”