May 6, 2010 (FinancialWire) — Evans Bancorp, Inc. (NASDAQ: EVBN) said it intends to offer and sell up to $14.7 million of common stock in an underwritten public offering.

The offering is being made pursuant to a shelf registration statement, which became effective on April 9, 2010.

The company intends to use the net proceeds from the offering for general corporate purposes, which will likely include support for organic growth, and may also include financing potential acquisitions of branches or other financial institutions.

Sandler O'Neil + Partners, L.P. is acting as the sole book running manager of the offering.

Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $635 million in assets and $511 million in deposits at March 31, 2010.

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