December 6, 2023

On November 30, 2023, Evans Bancorp, Inc., Williamsville, New York, the holding company for Evans Bank, N.A., completed the sale of its insurance subsidiary, The Evans Agency, to Arthur J. Gallagher & Co.

Evans Bank, N.A. is a commercial bank operating 18 branches throughout Western New York, with $2.2 billion in assets and $1.8 billion in deposits at September 30, 2023. The Evans Agency was a full-service insurance brokerage agency offering life insurance, employee benefits, and property and casualty insurance.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm, servicing approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Luse Gorman served as legal counsel to Evans Bancorp, Inc. in the transaction.  The Luse Gorman team consisted of John Gorman, Max Seltzer and Ellie Cook.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.