Add-on Acquisition • Financial Services

Evans Bancorp Acquires Fairport Savings Bank

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

Acquisition Context

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.

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M&A Deal Summary
Date	December 19, 2019
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 (Financial) Luse Gorman (Legal)

Target Company

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 Overview 1

Buyer

Evans Bancorp

Hamburg, New York, United States

Category	Company
Founded	1920
Sector	Financial Services
Employees	241
Revenue	44M USD (2013)

DESCRIPTION

Evans Bank, National Association operates as a commercial bank.

Deal Context for Buyer	#
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	-

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	-

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

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