Evans Bank will give $1,000 bonuses to about 240 of its employees, joining other banks and businesses that have made payouts to workers and credited the federal tax overhaul.
About 86 percent of Evans Bank's workforce — all of whom are non-senior level personnel — will receive the bonuses.
Evans also made a $300,000 contribution to its foundation, the largest individual contribution in its history. Disbursements from the foundation go to nonprofit entities in the region.
Evans said the financial benefit of the tax overhaul will enable the bank to "increase its return to shareholders and provide additional investment in our community." Evans said it is still deciding what form those community investments will take.
"As we will be directly benefiting from the tax reform, we believe that it is our obligation to share it with all of our stakeholders for the advancement of Western New York," said David J. Nasca, Evans' president and CEO.