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Hot Stocks
Evans Bancorp receives regulatory approvals for FSB Bancorp merger » 09:26
04/17/20
04/17
09:26
04/17/20
09:26
EVBN

Evans Bancorp

$24.80 /

-0.9 (-3.50%)

, FSBC

1st State Bancorp Inc

$14.52 /

-0.08 (-0.55%)

Evans Bancorp (EVBN)…

Evans Bancorp (EVBN) announced the election deadline of 5:00 p.m., Eastern Time, April 24, for stockholders of FSB Bancorp (FSBC) to elect the form of consideration they would like to receive in connection with the proposed acquisition of FSB, pursuant to a definitive merger agreement, dated December 19, 2019, as amended on March 5, by and among Evans, MMS Merger Sub, Inc. and FSB. Under the terms of the Merger Agreement, in exchange for each share of FSB common stock issued and outstanding immediately prior to the Merger, stockholders of FSB may elect to receive either 0.4394 shares of Evans common stock or $17.80 in cash. All such elections are subject to the proration procedures described in the Merger Agreement and in the Proxy Statement/Prospectus, dated March 11, prepared in connection with the Merger. Evans also announced the receipt of the requisite regulatory approvals or waivers for the consummation of the Merger from the Board of Governors of the Federal Reserve System, the New York State Department of Financial Services, and the Office of the Comptroller of the Currency. The Merger is expected to close on May 1, subject to the receipt of FSB stockholder approval and satisfaction of customary closing conditions. Stockholders of FSB are reminded that if they wish to make an election they must complete, sign and return a Letter of Transmittal and Form of Election, which was previously mailed to each FSB stockholder, by the Election Deadline in accordance with the instructions on such Election Form. Stockholders of FSB who hold their shares of FSB common stock through a bank, broker or other nominee may have an earlier election deadline and should contact their bank, broker or other nominee for instruction on how to make an election or with questions and inquiries with respect to completion of the Election Form.

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Conference/Events
Evans Bancorp management to meet with Piper Sandler » 04:55
03/20/20
03/20
04:55
03/20/20
04:55
EVBN

Evans Bancorp

$22.68 /

+0.38 (+1.70%)

Meetings to be held in…

Meetings to be held in New York on March 19-20 hosted by Piper Sandler.

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Conference/Events
Evans Bancorp management to meet with Piper Sandler » 04:55
03/19/20
03/19
04:55
03/19/20
04:55
EVBN

Evans Bancorp

$22.30 /

-2.98 (-11.79%)

Meetings to be held in…

Meetings to be held in New York on March 19-20 hosted by Piper Sandler.

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Conference/Events
Evans Bancorp management to meet with Piper Sandler » 09:24
03/16/20
03/16
09:24
03/16/20
09:24
EVBN

Evans Bancorp

$26.27 /

+2.27 (+9.46%)

Meetings to be held in…

Meetings to be held in New York on March 19-20 hosted by Piper Sandler.

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Hot Stocks
Evans Bancorp raises cash dividend 12% to 58c per share » 16:24
02/19/20
02/19
16:24
02/19/20
16:24
EVBN

Evans Bancorp

$40.34 /

-0.16 (-0.40%)

Evans Bancorp announced…

Evans Bancorp announced that its Board of Directors, at its meeting yesterday, declared a cash dividend of $0.58 per share on its outstanding common stock. This semi-annual dividend represents a $0.06, or 12%, increase from its previous semi-annual dividend paid in October 2019. The dividend is payable on April 2, 2020 to shareholders of record as of March 12, 2020. The Company has approximately 4.9 million shares outstanding.

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Hot Stocks
Evans Bancorp to acquire FSB for $17.80 per share, in accretive transaction » 16:55
12/19/19
12/19
16:55
12/19/19
16:55
EVBN

Evans Bancorp

$40.61 /

-0.04 (-0.10%)

, FSBC

1st State Bancorp Inc

$16.86 /

+ (+0.00%)

Evans Bancorp (EVBN) and…

Evans Bancorp (EVBN) and FSB Bancorp (FSBC), jointly announced the execution of a definitive merger agreement whereby Evans will acquire FSB for $17.80 per share for total consideration of approximately $34.7M. The transaction is proposed to be comprised of 50% stock and 50% cash. Unanimously approved by the Boards of Directors of each company, the transaction is expected to close in the second quarter of 2020, subject to the satisfaction of customary closing conditions, including regulatory approval and FSB stockholder approval. An investor presentation summarizing the transaction is available at www.evansbancorp.com. Under the terms of the merger agreement, FSB stockholders will have the right to receive at their election either 0.4394 shares of Evans common stock or $17.80 in cash for each share of FSB common stock, subject to possible adjustment and 50/50 proration. This transaction will qualify as a tax-free reorganization for those FSB stockholders who receive Evans common stock in the transaction. The merger consideration represents an 8% premium to FSB's tangible book value as of September 30, 2019, and a 5.9% premium to FSB's closing share price on December 18, 2019. Evans' management expects this transaction will be 4.7% accretive to 2021 earnings with tangible book value earn back of approximately 3.5 years. Based on information as of September 30, 2019, the combined company will have 20 financial centers with approximately $1.8 billion in total assets, $1.5 billion in total deposits and $1.5 billion in total loans. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals and the approval of FSB stockholders. Under the terms of the merger agreement, at closing of the transaction, FSB and its wholly owned bank subsidiary, Fairport Savings Bank, will be merged with and into Evans Bancorp and its subsidiary bank, Evans Bank.

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EVBN Evans Bancorp
$40.61 /

-0.04 (-0.10%)

01/02/19 Hovde Group
Evans Bancorp upgraded to Outperform from Market Perform at Hovde Group
FSBC 1st State Bancorp Inc
$16.86 /

+ (+0.00%)

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