EVANS BANCORP, INC. 400,000 Shares of Common Stock $0.50 Par Value Per Share Underwriting AgreementUnderwriting Agreement • January 23rd, 2017 • Evans Bancorp Inc • National commercial banks • New York
Evans Bancorp, Inc., a New York corporation (the “Company”), the holding company for Evans Bank, N.A. (the “Bank”), confirms its agreement with Sandler O’Neill + Partners, L.P. (the “Representative”), on behalf of the several underwriters listed on Annex A (together, the “Underwriters”), subject to the terms and conditions stated herein, with respect to (i) the issuance and sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of 400,000 shares of the Company’s common stock, par value $0.50 per share (the “Initial Shares”) and (ii) the grant by the Company to the Underwriters of the option described in Section 2(b) hereof to purchase all or any part of 60,000 additional shares of the Company’s common stock (the “Option Shares” and, together with the Initial Shares, the “Shares”).
