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.