Evans sold 44,000 of his AMC shares in 1971 while continuing to serve as a director and member of the finance committee. In 1971, Evans purchased the Muskegon Bank and Trust Company in Muskegon, Michigan from the so-called "Parsons Group". He died at his residence in Grosse Pointe Shores, Michigan. He was survived by his two children, Jane Evans Jones and Robert B. Evans, Jr.