Evans Bancorp Inc. (EVBN)

Overview

Evans Bancorp, Inc. operates as a financial holding company primarily through its subsidiary, Evans Bank, N.A., offering a comprehensive suite of banking products and services to both consumer and commercial customers within the United States. Since its inception in 1920, the company has established its headquarters in Williamsville, New York, sustaining its commitment to catering to the financial needs of its clientele with a wide array of banking solutions.

Products and Services

The diversified portfolio of products and services offered by Evans Bancorp, Inc. caters to a wide range of financial requirements for both individual consumers and businesses. Each product and service is designed to provide valuable financial solutions tailored to meet the unique needs of their customers.

• Deposit Products: The foundation of banking services, including checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit, designed to offer secure and convenient management of funds for both personal and business use.
• Residential Mortgages: Tailored financing options for purchasing or refinancing homes, offering a variety of terms and rates to fit individual budget and preference.
• Commercial and Multi-family Mortgages and Commercial Construction Loans: Specialized lending services for the acquisition, renovation, or construction of commercial properties and multi-family residential units, facilitating business growth and investment in real estate.
• Home Equities: Including home equity lines of credit and second mortgage loans, providing homeowners with access to borrowing against the equity of their homes for various purposes like renovation, education, or consolidation of debt.
• Commercial and Industrial Loans: Comprising term loans and lines of credit for businesses, supporting operational needs, expansion, equipment purchase, and other commercial expenditures.
• Consumer Loans: A variety of loan products directly catering to individual financing needs, including automobile loans, recreational vehicle and boat loans, home improvement loans, and personal loans for other specific purposes.
• Other Loans: Including cash reserves, overdrafts, and loan clearing accounts, designed to facilitate smooth financial transactions and provide short-term liquidity solutions.
• Installment Loans: Loans provided with a fixed payment schedule over a specified term for various personal or business financing needs.
• Non-deposit Investment Products: Offering financial growth opportunities through investment options such as annuities and mutual funds, enabling customers to diversify their investment portfolios beyond traditional banking products.