Form 4: Evans Bancorp Director James Robert A. Reports Share Disposal Following Merger with NBT Bancorp

Director James Robert A. reports the disposal of Evans Bancorp shares due to the merger with NBT Bancorp, Inc., where each share was converted into the right to receive 0.91 shares of NBT Bancorp, Inc. common stock.

Summary

• This Form 4 filing reports a change in beneficial ownership for James Robert A., a director of Evans Bancorp Inc. (EVBN).
• The transaction occurred on May 2, 2025.
• The filing indicates the disposal of 1,227 shares of Evans Bancorp common stock.
• This disposal is a result of the merger agreement between Evans Bancorp and NBT Bancorp, Inc. dated September 9, 2024.
• According to the agreement, each share of Evans Bancorp was converted into the right to receive 0.91 shares of NBT Bancorp, Inc. common stock, with cash paid in lieu of fractional shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports a transaction resulting from a previously announced merger.

Future Outlook

The merger between Evans Bancorp and NBT Bancorp is complete, with Evans Bancorp shares converted to NBT Bancorp shares.

Industry Context

The merger reflects ongoing consolidation trends within the banking industry, where smaller institutions combine to achieve greater scale and efficiency.

Stakeholder Impact

• Shareholders of Evans Bancorp have had their shares converted into the right to receive shares of NBT Bancorp.

Key Dates

Keywords

Form 4, Beneficial Ownership, Evans Bancorp, EVBN, NBT Bancorp, Merger, Director, James Robert A.