News & Updates

The Hovde GroupHovde Group provides a variety of online publications and updates to our clients and investors on a regular basis. These include our Industry Updates, Transaction Alerts, and Monthly Overviews. To sign up to receive our publications via e-mail on a regular basis, please click here.

RSS Feed: feed://

Evans Bancorp, Inc. (EVBN) Completes $15.4 Million Offering of Common Stock

Published February 1, 2017

Hamburg, N.Y.-based Evans Bancorp Inc. completed the sale of an additional 40,000 common shares, after underwriters partially exercised the overallotment option in connection with the recently completed public offering of 400,000 common shares at $35.00 per share.

With the additional gross proceeds of $1.4 million, total gross proceeds from the offering now amount to approximately $15.4 million.

The company expects to use the net proceeds to support organic growth and other general corporate purposes, including contributing capital to unit Evans Bank NA.

Hovde Group LLC served as co-manager for the offering.

Please download the transaction alert for more information about the offering.