trending Market Intelligence /marketintelligence/en/news-insights/trending/YjgEbZNkzt8zrkbJbXdmMg2 content esgSubNav
In This List

Evans Bancorp files mixed shelf

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Evans Bancorp files mixed shelf

Hamburg, N.Y.-based Evans Bancorp Inc. on March 29 filed a shelfregistration statement for the sale of up to $50 million of various securitiesfrom time to time.

The filing covers the sale of common stock, debt securities,warrants, purchase contracts and units. The proposedmaximum aggregate offering price of $50 million was estimated solely tocalculate the registration fee.

Unless otherwise indicated in a prospectus supplement, EvansBancorp plans to use the net proceeds from the sale of the securities forgeneral corporate purposes, which will likely include support for organicgrowth. The company's general corporate purposes may also include financingpossible acquisitions of branches or other financial institutions;diversification into other banking-related businesses; extending credit to, orfunding investments in, subsidiaries; repaying, reducing or refinancingindebtedness; or repurchasing outstanding common stock.