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Evans Bank CEO's salary rises 1.5 percent

Evans Bank CEO David J. Nasca's salary increased 1.5 percent in 2016, to $423,468, amid a busy year for the bank. But his total compensation dropped 26 percent, to $722,800.

Nasca's total compensation fell mainly due to a decline in pension value, a figure which fluctuates from year to year. The bank disclosed the annual figures in a regulatory filing.

Evans ranks No. 6 in deposit market share in the Buffalo Niagara region, at 1.9 percent, according to the Federal Deposit Insurance Corp. data. Last year, the bank opened its first Niagara County branch, in Lockport, and crossed the $1 billion asset threshold for the first time.

Evans recorded net income of $8.3 percent in 2016, up 5 percent from the year before. Through a public stock offering early this year, Evans raised $14.2 million, to stockpile capital for the future.

Nasca was named Evans' president in 2006, and added the duties of CEO the following year.

Evans also revealed two new nominees for its board of directors: Jody Lomeo, who is president and CEO of Kaleida Health, and Oliver Sommer, a former First Niagara Bank executive. Sommer is now a partner with the River Group, a management consulting firm.

The bank cited Lomeo's executive experience and community leadership in his nomination. It said Sommer's experience in the financial services industry in a variety of roles, particularly in corporate strategy and development, would make him well qualified for the board.

Lomeo and Sommer will be up for election to the board -- along with three current members -- at the bank's annual meeting on April 27.

 

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