Evans Bancorp Inc. in Angola, N.Y., said Thursday that it will have a new chairman after this year's annual meeting.
The $733 million-asset company said in a press release that Philip Brothman will not seek reelection as chairman of Evans or unit Evans Bank when shareholders meet in April. Evans said it expects John O'Brien, its vice chairman, to succeed Brothman.
Brothman, a lawyer, has been an Evans director since 1976 and became its first independent chairman in 2001. "My decision to not seek reelection as chairman is also in keeping with our board succession plan and, although I will stay on as a director, it allows me the opportunity to devote more of my time to other commitments," Brothman said in the release.
O'Brien joined the board in 2003 and chairs the audit committee.
