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Evans Bancorp Raises Qtr. Dividend from $0.22 to $0.24/Share

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Evans Bancorp, Inc. (the “Company) (NYSE: EVBN) a community financial services company serving Western New York since 1920, announced today that its Board of Directors has declared a cash dividend of $0.24 per share on its outstanding common stock, a 9% increase from its previous $0.22 per share dividend paid on October 9, 2012. This dividend payment equates to an annualized yield of 3.1%. The dividend is payable on December 31, 2012 to shareholders of record as of December 21, 2012. The cash dividend represents an accelerated payment of the Company's semi-annual dividend scheduled to be paid in April 2013.

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