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Evans Bancorp in Hamburg, N.Y., has agreed to pay $825,000 to settle a lawsuit that accused the company of mortgage redlining.
September 11 -
M&T Bank in Buffalo, N.Y., has completed its acquisition of Hudson City Bancorp in Paramus, N.J., putting to rest a deal that had been announced more than three years earlier.
November 2 - New York
The New York company took investors on a roller coaster ride over a dozen years, with issues that included a CEO's death, another leader's ambitious M&A strategy, and an ill-timed effort to upgrade outdated technology.
October 30
Evans Bancorp in Hamburg, N.Y., said that its chief financial officer has left to pursue other interests.
The $921 million-asset Evans disclosed the departure of Gary Kajtoch in a Thursday regulatory filing. His resignation took effect today. In addition to CFO, Kajtoch was also Evans' treasurer. Evans did not disclose additional details on the reasons for his resignation.
David Nasca, Evans' president and chief executive, will serve as the company's principal financial officer while it looks for a permanent replacement for Kajtoch.
"We wish Gary well as he moves on to the next phase of his career," Nasca said in a news release.
Kajtoch, who was 48 in March at the time of Evans' proxy, had been CFO since February 2007, when he joined Evans. He previously worked for M&T Bank in Buffalo, N.Y., as manager of management accounting.
Evans will pay Kajtoch a lump sum of $350,000 in the fourth quarter, as well as repurchase his common stock, based on certain conditions, according to the regulatory filing.
Also on Thursday, Evans reported an increase in profit the third-quarter, on higher fee income and improved returns on loans.
