Evans Bancorp and Envestment Stock See Action From Activist Investors

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Nov. 10 through Nov. 16, 2022. Source: VerityData (verityplatform.com)

Activist Holdings

Evans Bancorp


(EVBN)

PL Capital Advisors switched to an active investor when it filed a Nov. 14 13D form that shows a 9.9% interest in the New York-based regional bank, equal to 543,649 shares. PL Capital filed an interagency notice of change in control with the Federal Reserve Bank of New York on Nov. 10 to obtain permission to increase its Evans Bancorp stake to 19.9% of the outstanding stock. PL Capital disclosed that it has no plans or proposals associated with the request.