1. NYSE MKT: EVBN www.evansbank.com Midwest Investment Conference June 22, 2016 David J. Nasca President & CEO John B. Connerton Senior Vice President & CFO

2. © 2016 by Evans Bancorp 2 This presentation includes "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such 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 the Company to differ materially from the results expressed or implied by such forward-looking statements. Information on factors that could affect the Company's business and results is discussed in the Company's periodic reports filed with the Securities and Exchange Commission. Forward looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise forward looking information, whether as a result of new, updated information, future events or otherwise. Safe Harbor Statement

3. © 2016 by Evans Bancorp 3 Recent Price$24.58 52 week range$22.75 – 26.10 Market Capitalization$105.3 million Total Shares Outstanding 4.28 million Ownership – Insider4% Institutional43% Dividend Yield * 3.1% Total Assets$989.9 million Total Gross Loans (excl. Leases) $796.8 million Total Deposits$849.0 million Total Common Equity$92.2 million Tangible Book Value$19.64 Market data as of June 17, 2016 [Source: Bloomberg]; Financial data as of March 31, 2016; Ownership as of most recent filing * annualized dividend Community-based financial services company Provides banking, insurance and investment services in WNY Relationship-focused organization; serves as a trusted advisor Easy to interact with; an excellent work environment for top talent Evans Bancorp, Inc. (NYSE MKT: EVBN)

4. © 2016 by Evans Bancorp 4 Other Non-interest Income Insurance & Investment Services Fee Income Evans Established: 1920 Bank Branches: 14 Insurance Agency Locations: 7 Q1 2016 TTM Revenue: $46.1 million Net Interest Income Diversified Financial Services Company Revenue Mix

5. © 2016 by Evans Bancorp 5 Refocus Community Banking Model Executed Strategic Plan (2013-2015) Effective Risk Management Effective Lending Strategy Fee Based Income Growth Strengthen Operating Model Optimize Technology: Execute core conversion 33% Loans 2013 - 2015 18% Deposits 2013 - 2015 30% of Total Revenue 2015 Non-Interest Income Returned Capital to Shareholders Strategic Plan

6. © 2016 by Evans Bancorp 6 Initiatives to Drive Growth  Expanding commercial lending capability  Implemented core banking technology system  Investing in evolving franchise  Rebuilt Lancaster financial center  Opened Niagara County financial center  Digital distribution advancements and service capabilities  Interactive Teller Machine (ITM), consumer mobile check deposit, online loan applications and expanded call center capabilities  Next: Commercial mobile check deposit, online account origination and expanded ITM footprint

7. © 2016 by Evans Bancorp 7 Growing the balance sheet Loan diversification and fee revenue expansion Maintain credit discipline Position for long-term, sustainable growth and value creation Core Business Drivers

8. © 2016 by Evans Bancorp 8 6.4% CAGR (2012 – Q1 2016) On Precipice of $1 Billion in Assets (in millions) 9% YOY Q1 16 vs Q1 15 Driven by organic loan and deposit growth Platforms increased future earnings power

9. © 2016 by Evans Bancorp 9 Robust Loan Growth 10.2% CAGR (2012 – Q1 2016) High quality in-market commercial loans Capturing strong credits from competition Supports core business strategy Strong loan pipeline (in millions)

10. © 2016 by Evans Bancorp 10 Loan Portfolio Diversification * Includes construction loans Q1 2016 Total Loan Portfolio $796.8 million Commercial & Multi-Family* Commercial & Industrial Consumer & Other Home Equities Residential Mortgage*

11. © 2016 by Evans Bancorp 11 EVBN SNL >$500M <$1B Peer Group Net Charge Offs to Average Loans NPAs to Total Loans + OREO 3% 2% 1% 0% Solid Credit Fundamentals Booking high quality assets Solid underwriting discipline Strong customer relationships 1% 0%

12. © 2016 by Evans Bancorp 12 7.1% CAGR (2012 – Q1 2016) Strong Core Deposit Growth 9% YOY Q1 16 vs Q1 15 15% NOW 11% Savings New money market account Driving new deposits and cross-sell opportunities (in millions) Q1 2016 Deposit Composition Savings & Money Market Time Deposits Demand & NOW

13. © 2016 by Evans Bancorp 13 Net Interest Margin 12 basis points above peer group Strong loan pipeline Margin headwinds Competitive pressure Interest rates

14. © 2016 by Evans Bancorp 14 Efficiency Ratio Operational and technical infrastructure in place Leverage future accelerated growth

15. © 2016 by Evans Bancorp 15 Non-Interest Income Opportunity 30% of total Q1 2016 TTM revenue Emphasis on expanding: Financial services Employee benefits Insurance Cash management 31% Other Income 52% Insurance Service & Fees Bank-owned Life Insurance Bank Charges

16. © 2016 by Evans Bancorp 16 10% Regulatory guideline Tangible Book Value Building Return on Capital 13.2% 13.1%

17. © 2016 by Evans Bancorp 17 Returning Capital to Shareholders * SNL represents banks >$500M <$1B  Increased semi-annual dividend to $0.38 in 2016, an 11% increase ** One semi-annual dividend ($0.24) was accelerated into 2012

18. NYSE MKT: EVBN www.evansbank.com Market Opportunity / Future Vision

19. © 2016 by Evans Bancorp 19 Regional Resurgence Seneca Street Lofts Tim Hortons Café & Bake Shop Varsity TheatreStanton Building Building Buffalo Building Reuse Project $1 million committed Created Housing Opportunity Fund Community Reinvestment

20. © 2016 by Evans Bancorp 20 Source: FDIC, as of June 30, 2015 (Metropolitan Statistical Area: Buffalo-Cheektowaga-Niagara Falls, NY) Opportunity from Market Disruption EVANS

21. © 2016 by Evans Bancorp 21 Organic Market Growth: Lead with Business Market Disruption Fee-based Income Growth Retail Transformation Talent Acquisition & Retention Capital Management IT Optimization Transformative Growth Phase of Strategy New Four-Year Plan (2016 – 2020)

22. © 2016 by Evans Bancorp 22 Transformative Growth 2016 1-2 years 3-4 years  $1 billion in assets  Similar earnings to 2015  Continue to set the stage for accelerated growth Stronger Growth Platform  Expanded electronic distribution channels  Growing commercial business – deepen market penetration  Operational and technical infrastructure in place  Capitalize on impending market disruption Stronger Growth Platform  Expanded electronic distribution channels  Growing commercial business – deepen market penetration  Operational and technical infrastructure in place  Capitalize on impending market disruption  Approach $1.5 billion in assets  Net income in excess of $10 million  ROE: Double digit  ROA: greater than 85%

23. © 2016 by Evans Bancorp 23 Investment Highlights  Strong and growing franchise in resurgent WNY  Diverse revenue mix, strong operating fundamentals  Core deposit and loan growth  Lower-risk balance sheet with solid capital base  Sophisticated / experienced management team  Shareholder return orientation  Historically reasonable valuation

24. NYSE MKT: EVBN www.evansbank.com Midwest Investment Conference June 22, 2016