HAMBURG, N.Y.--(BUSINESS WIRE)--Evans Bancorp, Inc. (the "Company") (NYSE MKT:EVBN), a community financial services company serving Western New York since 1920, announced that Jody L. Lomeo and Oliver H. Sommer were elected to its Board of Directors during the Company’s Annual Meeting of Shareholders today.
“We’re excited to welcome two exceptional executives to the Board,” said John R. O’Brien, Chairman of Evans Bancorp, Inc.’s Board of Directors. “The scope of Jody and Oliver’s corporate strategy and leadership talents will expand the capabilities and diversity of our directors and immediately contribute to the continued growth and success of Evans.”
Mr. Lomeo is the President and Chief Executive Officer of Kaleida Health, the largest healthcare provider and largest employer in Western New York. In addition, he serves as the President and Chief Executive Officer of Great Lakes Health System of Western New York, the parent organization, responsible for integrating the clinical activities of Kaleida Health, Erie County Medical Center Corporation (ECMC), University at Buffalo, and the Center for Hospice & Palliative Care.
Previously, Mr. Lomeo served as the Chief Executive Officer of ECMC, where he oversaw several improvements to the health system, including nearly $200 million of new construction. Mr. Lomeo was a member of the Board of Directors for Erie County Medical Center Corporation when he was selected to become CEO. A Buffalo native, Mr. Lomeo has provided support and guidance to a number of community organizations as a volunteer board member, including the Greater New York Hospital Association, St. Joseph’s Collegiate Institute, D’Youville College, and the Healthcare Association of New York State. He is currently a member of the board of directors for the Buffalo Niagara Medical Campus.
Mr. Sommer is a partner with The River Group, a management consulting firm that assists CEOs and senior executives achieve strategic intent during times of transformational change, including restructuring, fundamental changes in strategic direction, mergers and acquisitions, and rapid organic growth. His role includes marketing, business development, practice development, client engagement management, infrastructure establishment, and recruiting efforts.
Mr. Sommer has extensive banking and capital management experience. He previously served as Executive Vice President of Corporate Development with First Niagara Financial Group, Inc., where he oversaw strategic planning, enterprise program and project management, mergers and acquisitions, integration management, and organizational development. Prior, Mr. Sommer was the President of Aston Associates in Stamford, Conn., an advisory firm for financial institutions and their investors.
Mr. Sommer is a consistent contributor to American Banker magazine and co-author of “Creating a Great Bank: A Practical Guide to Superior Performance” from Aston of Delaware Publishing (2006). He is also a former member of Financial Services Roundtable in Washington, D.C., the financial services industry’s leading advocacy group.
“Both Jody and Oliver bring wide-ranging experience to our organization,” said David J. Nasca, President and CEO of Evans Bancorp, Inc. “Their deep knowledge of the region and finance, combined with their extensive experience in corporate strategy and development, along with community leadership, add directly to the momentum that Evans is experiencing in Western New York.”
About Evans Bancorp, Inc.
Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $1.1 billion in assets and $978 million in deposits at March 31, 2017. Evans is a full-service community bank, with 14 branches, providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorp's wholly-owned insurance subsidiary, The Evans Agency, LLC, provides employee benefits, and property and casualty insurance through seven insurance offices in the Western New York region. Evans Investment Services provides non-deposit investment products, such as annuities and mutual funds. Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their websites, at www.evansbancorp.com and www.evansbank.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning future business, revenue and earnings. These statements are not historical facts or guarantees of future performance, events or results. There are risks, uncertainties and other factors that could cause the actual results of Evans Bancorp to differ materially from the results expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include competitive pressures among financial services companies, interest rate trends, general economic conditions, changes in legislation or regulatory requirements, effectiveness at achieving stated goals and strategies, and difficulties in achieving operating efficiencies. These risks and uncertainties are more fully described in Evans Bancorp’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Evans Bancorp undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise.
