M&A Deal Summary

Evans Bancorp Acquires Fairport Savings Bank

On December 19, 2019, Evans Bancorp acquired financial services company Fairport Savings Bank for 35M USD

Acquisition Highlights
  • This is Evans Bancorp’s 1st transaction in the Financial Services sector.
  • This is Evans Bancorp’s largest (disclosed) transaction.
  • This is Evans Bancorp’s 2nd transaction in the United States.
  • This is Evans Bancorp’s 2nd transaction in New York.

M&A Deal Summary
Date 2019-12-19
Target Fairport Savings Bank
Sector Financial Services
Buyer(s) Evans Bancorp
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Luse Gorman (Legal)

Target

Fairport Savings Bank

Fairport, New York, United States
FSB Bancorp, Inc. is the bank holding company of Fairport Savings Bank, a New York chartered savings bank headquartered in Fairport, New York. The bank has five branches in the Greater Rochester area and three mortgage offices located in Rochester, Buffalo, and Watertown.

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Buyer(S) 1

Buyer

Evans Bancorp

Hamburg, New York, United States
Category Company
Founded 1920
Sector Financial Services
Employees241
Revenue 44M USD (2013)
DESCRIPTION

Evans Bank, National Association operates as a commercial bank.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 Suchak Data Systems

Grand Island, New York, United States

Suchak Data Systems, Inc. (SDS), which serves the data processing needs of financial institutions with customized solutions, consultative services and state of the art technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Evans Agency

Williamsville, New York, United States

Evans Agency is a commercial property/casualty insurance broker with public entity and scholastic expertise, serving clients throughout Western New York. Evans Agency is based in Williamsville, New York.

Sell -
Mergr

Product

Company

Legal