Evans Bancorp, Inc. Announces 9.7% Increase in Dividend to $0.34 Per Share Aug 20, 2014 08:42AM

HAMBURG, N.Y., Aug. 20, 2014 (GLOBE NEWSWIRE) -- Evans Bancorp, Inc. ("Evans") (NYSE MKT: EVBN), a community financial services company serving Western New York since 1920, announced that its Board of Directors declared a cash dividend of $0.34 on its outstanding common stock, a 9.7% increase from its previous $0.31 per share dividend paid on April 8, 2014. This dividend equates to an annualized yield of 2.8%. The dividend is payable on October 7, 2014 to shareholders of record as of September 16, 2014. 

"This marks our fifth dividend increase in four years, which is a testament to our strong performance, commitment to returning capital to shareholders and the confidence we have in the fundamental strength of our business and future growth prospects," stated David J. Nasca, President and CEO of Evans Bancorp, Inc. 

Since April 2011, Evans semi-annual dividend rate has increased from $0.20 per share to $0.34 per share, resulting in a growth rate of 70 percent.

Mr. Nasca added, "Our growth strategy revolves around providing community-focused, customer-centric service, tailored products and valuable financial insight and advice to our customers. We believe this is the reason for our strong financial performance and will continue to result in long-term growth."

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 $831 million in assets and $707 million in deposits at June 30, 2014. Evans is a full-service community bank, with 13 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 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.

CONTACT: Gary A. Kajtoch
         Executive Vice President & Chief Financial Officer
         Phone: (716) 926-2000
         Email: gkajtoch@evansbank.com

         Deborah K. Pawlowski
         Kei Advisors LLC
         Phone: (716) 843-3908
         Email: dpawlowski@keiadvisors.com

Source: Evans Bancorp, Inc.


Evans Bancorp, Inc. Announces 9.7% Increase in Dividend to $0.34 Per Share Aug 20, 2014 08:42AM

HAMBURG, N.Y., Aug. 20, 2014 (GLOBE NEWSWIRE) -- Evans Bancorp, Inc. ("Evans") (NYSE MKT: EVBN), a community financial services company serving Western New York since 1920, announced that its Board of Directors declared a cash dividend of $0.34 on its outstanding common stock, a 9.7% increase from its previous $0.31 per share dividend paid on April 8, 2014. This dividend equates to an annualized yield of 2.8%. The dividend is payable on October 7, 2014 to shareholders of record as of September 16, 2014. 

"This marks our fifth dividend increase in four years, which is a testament to our strong performance, commitment to returning capital to shareholders and the confidence we have in the fundamental strength of our business and future growth prospects," stated David J. Nasca, President and CEO of Evans Bancorp, Inc. 

Since April 2011, Evans semi-annual dividend rate has increased from $0.20 per share to $0.34 per share, resulting in a growth rate of 70 percent.

Mr. Nasca added, "Our growth strategy revolves around providing community-focused, customer-centric service, tailored products and valuable financial insight and advice to our customers. We believe this is the reason for our strong financial performance and will continue to result in long-term growth."

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 $831 million in assets and $707 million in deposits at June 30, 2014. Evans is a full-service community bank, with 13 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 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.

CONTACT: Gary A. Kajtoch
         Executive Vice President & Chief Financial Officer
         Phone: (716) 926-2000
         Email: gkajtoch@evansbank.com

         Deborah K. Pawlowski
         Kei Advisors LLC
         Phone: (716) 843-3908
         Email: dpawlowski@keiadvisors.com

Source: Evans Bancorp, Inc.


RetailCapital Secures Investment from Flexpoint Ford; Introduces New CEO and #35 Ranking on Inc. 500/5000 Aug 20, 2014 08:41AM

FinTech Veteran Glenn Goldman Named Chief Executive Officer to Lead Next Generation Provider of Capital to Small Businesses

TROY, Mich.--(BUSINESS WIRE)-- RetailCapital, a data and analytics company that makes financing available to a broad range of small and medium size businesses (“SMBs”), has secured a new round of investment from Flexpoint Ford, LLC, a private equity firm focused on the financial services and healthcare sectors. With over $1 billion under management, Flexpoint Ford typically invests between $30 million and $150 million in its portfolio companies.

Coinciding with the investment, RetailCapital has been ranked #35 on the Inc. 500/5000 list of fastest growing companies in America and it named financial technology veteran Glenn Goldman as its new CEO to lead the next phase of its growth. For more than 12 years, Goldman led Capital Access Network (now CAN Capital) and grew it into the largest non-bank provider of capital to small businesses in the United States.

For the past year, as Entrepreneur in Residence at Flexpoint Ford, Goldman has studied the global market for small business alternative finance, as well as the optimal role for big data and predictive analytics, to develop a winning formula for his next venture. “There has been a great deal of business model, technology and customer experience innovation delivered by existing non-bank providers of capital to small businesses and a lot for us as an industry to be proud of. But this is really only the beginning,” Goldman said.

“On the whole, traditional financial institutions provide an uncertain and slow user experience to the very narrow segment of small business credit profiles that they serve. Peer-to-peer and online lenders have solved the speed problem and can deliver capital in hours rather than months, but their product lines are limited and often come at a cost that doesn’t align with the needs of small business owners who fall just short of qualifying for financing from traditional institutions. Also, only a precious few of these non-bank providers have achieved scale and profitability,” Goldman said.

“With the limitations on product and target market, there is significant opportunity to materially improve cost of acquisition and customer lifetime value. Data science and a nimble technology platform make delivery across these verticals possible. We searched for and found in RetailCapital, and its people, a solid foundation upon which to pivot and execute on our vision. With a culture that is based on best-in-class execution, and a distribution strategy that generates 25 percent of its funding through direct marketing, our marketplace model will thrive.”

Under Goldman’s leadership, RetailCapital plans to expand into an additional location in New York City and build out a number of key functions including data science, risk, marketing and product development, technology and online customer acquisition and fulfillment. The company’s existing operational platform in Michigan will continue to grow to support the execution of this strategy.

“We have been studying the FinTech space for the past few years awaiting an attractive entry point,” said Steven L. Begleiter, managing director at Flexpoint Ford. “Developing the investment thesis along with Glenn, and being patient but moving quickly when we found RetailCapital, is an entry strategy we are well positioned to execute.”

“We believe that the ongoing disruption in the delivery of traditional financial services is a secular trend with significant runway. RetailCapital’s strong unit economics coupled with Glenn’s leadership will enable the Company to continue its rapid growth and value creation," said Daniel Edelman, vice president at Flexpoint Ford.

“Partnering with Flexpoint Ford and bringing an accomplished industry veteran like Glenn on board will help rocket RetailCapital into its next phase of growth,” said RetailCapital Co-Founder Ryan Rosett. “We’ve built an attractive business over the past four years but our ambition is to do much more – and that means building out a uniquely powerful business model for our customers, sales partners, shareholders and employees. Today’s small business owners find that over their life cycle, they must go through multiple channels to fulfill their capital needs. RetailCapital’s business model will be breaking the mold by serving a broader spectrum of small businesses through a wider range of products and pricing – meeting their needs throughout their life cycles. This is going to be a big win for small businesses.”

About RetailCapital

RetailCapital is an emerging marketplace platform that leverages data science and analytics to improve the speed, cost and choices of capital available to small businesses. The company is dedicated to creating a better user experience and providing products that bring a high lifetime value to the businesses it serves. Its innovative technology platform, which considers a business’s total health, has provided short-term financing to thousands of small businesses around the United States. RetailCapital also has partnership programs for independent sales organizations, organizations that serve small businesses, banks and franchises. For more information, visit http://www.retailcapital.com, and follow RetailCapital on Twitter @retail_capital.

About Flexpoint Ford

Flexpoint Ford, LLC is a private equity firm dedicated to the healthcare and financial services sectors. Flexpoint Ford seeks to build relationships with executives and companies who look for Flexpoint Ford to be a value-added partner. Flexpoint Ford manages over $1 billion in committed capital on behalf of its limited partners. Flexpoint Ford typically invests between $30 million and $150 million in its portfolio companies.

Allison+Partners for RetailCapital

Alexandra Gardell Kreuter, 646-428-0618

alexandra@allisonpr.com

Source: RetailCapital


Galenfeha, Inc. Announces Clearance for DTCC Eligibility Aug 20, 2014 08:40AM

BEDFORD, Texas, Aug. 20, 2014 /PRNewswire/ -- Galenfeha, Inc. (OTCBB: GLFH), an engineering services and product development/manufacturing company serving the oil, gas, and energy industries, is pleased to announce that effective immediately, the Company's common shares have been granted eligibility status by the Depository Trust Clearing Corporation (DTCC).  Securities that are DTCC eligible can be electronically cleared and settled through facilities of the DTCC.  This fully electronic and cost-effective method of clearing securities transactions accelerates the trade settlement process for all investors and broker/dealers that process trades in Galenfeha's common stock.

"DTCC eligibility increases the efficiency and lowers the cost associated with trading our company's common stock on the OTCBB," said James Ketner, President and CEO of Galenfeha, Inc.  "One of our goals is to provide investors the most efficient, liquid, and orderly market possible.  30 days ago we announced to the public that GLFH would begin trading on July 28th, 2014.  Because of a larger than expected interest in our common stocks' initial trading, and because we had not yet been cleared for DTCC eligibility, broker dealers expressed concerns our stock would not be able to be settled in a timely fashion, thereby lowering liquidity and increasing volatility in Galenfeha's equity market.  Now that our common stock is DTCC eligible, this alleviates these previous concerns."

Mr. Ketner also added, "The people at the DTCC have been extremely helpful in assisting us with the process of becoming DTCC eligible.  I would like that thank all involved with understanding our needs, and helping us with the application process."

Galenfeha, Inc. is an engineering services and product development/manufacturing company serving the oil, gas, and energy industries.  Led by President/CEO James Ketner, the company is continually researching and developing new products to aid energy producers in reducing costs, increasing efficiency, and reducing global pollution.

For more information on Galenfeha's products and services, please visit www.galenfeha.com.

Contact:LaNell ArmourDirectorGalenfeha, Inc.larmour@galenfeha.com773-879-6384www.galenfeha.com

Forward-Looking Statements:  Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective" and "appears" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

SOURCE Galenfeha, Inc.


Texas Limited Edition PASSPORT® Max™ All-digital Radar Detector Debuts at 2014 GATS Show Aug 20, 2014 08:40AM

LAS VEGAS, Aug. 20, 2014 /PRNewswire/ -- ESCORT Inc. (ESCORTinc.com), unique two-time winner of the detector category's top honor, SEMA Show 'Best New Product', announced the GATS Show debut of its all-new Texas Limited Edition model all-digital PASSPORT® Max High Definition windshield mount radar/laser detector.  The new model will be featured alongside the multi-award winning electronic stealth STi Magnum long-range detector from BELTRONICS.

(Photo: http://photos.prnewswire.com/prnh/20140819/137668)(Photo: http://photos.prnewswire.com/prnh/20140819/137667)

The new Texas Edition PASSPORT® Max features a completely new Texas logo with red-white-blue lone star state color skin and is available for a limited time.  The electronic design is based on the record setting performance of the original PASSPORT Max high definition detector.  PASSPORT® Max holds three industry records:  fastest response time; longest reception range; and best sensitivity for detecting never-before-seen low level signals. 

"Our PASSPORT Max digital detector is the most accomplished detector that we have ever produced," said David Thornhill, ESCORT President and CEO.  "The new Texas Edition release of the award-winning Max™ is one more exciting choice that we offer drivers helping them to uniquely satisfy their custom tastes – in this case, lone star drivers displaying lone star colors."

Beltronics will demonstrate the world's best performing stealth radar and laser detector, the Professional Series STi Magnum at the GATS Show.  The STi Magnum is the industry's most advanced radar detection technology tool designed exclusively for professional drivers.  The STi Magnum includes BELTRONICS patented TotalShield Technology which eliminates all radio frequency emissions and renders the STi Magnum completely undetectable to any radar detector detector enforcement receivers. 

Both products will be on display at this week's Dallas GATS Show, Thursday through Saturday, August 21-23 (booth 24132).

For more information about the Texas Edition PASSPORT® Max™ all-digital detector or the BELTRONICS STi Magnum Stealth Detector, view ESCORT Inc on youtube, visit ESCORTinc.com or call the company direct at 800.433.3487. 

About ESCORT Inc. ESCORT Inc. is the designer and manufacturer of the world's most awarded radar and laser detectors, the patented ESCORT Live real-time ticket protection network, PASSPORT® Max HD radar detector, Laser Shifter Pro laser defense system and other Drive Smarter products.  ESCORT holds more than 85% of all active category patents and manufactures products under the ESCORT, PASSPORT, REDLINE, SOLO and BELTRONICS brands. 

ESCORT Video: http://www.youtube.com/user/RadarLaserExpert?source=%GATS14&text=MaxYTDayOne ESCORT Twitter: https://twitter.com/escortradarESCORT Facebook: http://www.facebook.com/DriveSmarter

Editorial Contact:Ron Gividen513.870.8500Email

SOURCE ESCORT


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