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Evans Bancorp, Inc. Announces the Receipt of Regulatory Approvals and Deadline of April 24, 2020 for Electing Merger Consideration in Connection with the Proposed Merger

Evans Bancorp, Inc. (EVBN) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/100885
Company Research Source: Business Wire
HAMBURG, N.Y.--(BUSINESS WIRE)--Evans Bancorp, Inc. (“Evans”) (NYSE American: EVBN), today announced the election deadline of 5:00 p.m., Eastern Time, April 24, 2020 (the “Election Deadline”) for stockholders of FSB Bancorp, Inc. (“FSB”) to elect the form of consideration they would like to receive in connection with the proposed acquisition of FSB (the “Merger”), pursuant to a definitive merger agreement, dated December 19, 2019, as amended on March 5, 2020, by and among Evans, MMS Merger Sub, Inc. and FSB (the “Merger Agreement”).Under the terms of the Merger Agreement, in exchange for each share of FSB common stock issued and outstanding immediately prior to the Merger, stockholders of FSB may elect to receive either 0.4394 shares of Evans common stock or $17.80 in cash. All such elections are subject to the proration procedures described in the Merger Agreement and in the Proxy Statement/Prospectus, dated March 11, 2020, prepared in connection with the Merger.Evans also announ Show less Read more
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