Evans Bancorp (EVBN) will raise its semi-annual dividend to $0.40 per share.

The dividend is payable on April 4, 2017 to shareholders of record as of March 14, 2017.

David J. Nasca, President and CEO of Evans Bancorp, Inc., commented, "The increase in the dividend reflects our confidence in our future. We have a robust capital position, have delivered financial performance and have expectations of continued growth. These positive factors drove our decision to raise the dividend for the seventh time in five years. We remain committed to delivering value to our shareholders."

Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank. Evans is a full-service community bank, providing financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorp's insurance subsidiary, The Evans Agency, LLC, provides property and casualty in the Western New York region. Evans Investment Services provides non-deposit investment products, such as annuities and mutual funds.