Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend of $0.20 Per Share

Evans Bancorp, Inc. (the “Company”) (NASDAQ: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a semi-annual cash dividend of $0.20 per share on its outstanding common stock, down from the previous $0.41 rate paid April 1, 2009. The dividend is payable on October 15, 2009, to shareholders of record as of September 21, 2009. The Company’s stock will trade ex-dividend on September 17, 2009. The Company has approximately 2.8 million shares outstanding.

David J. Nasca, President and CEO of Evans Bancorp, commented, “Management and our Board of Directors believe it is prudent at this time to reduce the dividend to maintain available capital to support the continued growth of the Company, as well as provide flexibility in our capital structure and manage through our recent decision to exit the national lease business.”

“Plans for our core banking, investments and insurance businesses include continued growth of our loan portfolio, addition of new branches and opportunistic acquisitions. Today’s action supports these growth initiatives and is consistent with our strategy of maintaining a strong capital position. We believe that the turmoil in the banking industry may present additional expansion opportunities, such as our recent acquisition of Waterford Village Bank, which increased our assets by nearly 10%.”

He added, “We remain committed to returning value to our shareholders and recognize that the dividend is an important component of the Company’s total return. As we execute our strategy, future dividends will be subject to the Board and management’s periodic review of the financial condition and capital requirements of the Company relative to the opportunities we see to expand our market share in Western New York.”

At June 30, 2009, all of Evans Bancorp’s capital ratios were above the "well capitalized" minimums under regulatory guidelines, with our total risk-based capital ratio at 10.91%, tier 1 risk-based capital ratio at 9.66%, and tier 1 leverage ratio at 7.89%.

About Evans Bancorp, Inc.

Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $553 million in assets and $451 million in deposits at June 30, 2009. The bank has 13 branches located in Western New York. Evans National Leasing, Inc., an indirect wholly-owned subsidiary of Evans Bank is a general business equipment leasing company with customers throughout the U.S. Evans Bancorp's wholly-owned insurance subsidiary, The Evans Agency, provides property and casualty insurance through 15 insurance offices in the Western New York region. Evans Investment Services, a wholly-owned subsidiary of Evans Bank, provides non-deposit investment products such as annuities and mutual funds. Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their Web sites at www.evansbancorp.com and www.evansbank.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning future business, revenue and earnings. These statements are not historical facts or guarantees of future performance, events or results. There are risks, uncertainties and other factors that could cause the actual results of Evans Bancorp to differ materially from the results expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include competitive pressures among financial services companies, interest rate trends, general economic conditions, changes in legislation or regulatory requirements, effectiveness at achieving stated goals and strategies, and difficulties in achieving operating efficiencies. These risks and uncertainties are more fully described in Evans Bancorp’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Evans Bancorp undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise.