VWF Bancorp, Inc.
VWFB
Other OTC14.36
USD
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VWF Bancorp, Inc.
VWFB
(Other OTC)
Recent
price
14.05
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- VWF Bancorp, Inc. operates as the savings and loan holding company for GreenWay Bank (f/k/a Van Wert Federal Savings Bank), a federally chartered savings bank headquartered in Van Wert, Ohio, with additional operations in Fort Wayne, Indiana; the company traces its banking roots to 1889 and was incorporated in February 2022 following the completion of its initial public offering in July 2022. GreenWay Bank provides a range of deposit products including checking and savings accounts; residential real estate loans, commercial real estate loans, agricultural mortgage loans, construction and land loans, commercial and industrial loans, home equity lines of credit, and consumer loans; and digital banking platforms encompassing online and mobile banking services for personal and commercial customers primarily in Ohio and surrounding regions. The bank supports small- to medium-sized businesses and enhances homeownership opportunities through mortgage lending while utilizing borrowings from the Federal Home Loan Bank of Cincinnati and the Federal Reserve's Bank Term Funding Program to fund operations. In recent developments, the company rebranded its subsidiary from Van Wert Federal Savings Bank to GreenWay Bank as part of a strategic effort to transition into a publicly traded regional commercial bank, launched updated marketing campaigns and online materials to reflect the new identity, significantly expanded total assets by 87.6% to $311.3 million and deposits by 74.4% to $209.3 million as of June 30, 2024 through growth in commercial loans, available-for-sale debt securities, and brokered deposits, increased borrowings by 900% to $62 million, repurchased $598,000 of its own shares, and outlined plans for further franchise expansion via potential acquisitions or new branch offices alongside loan portfolio diversification and interest rate risk management.