Wake Forest Bancshares, Inc.
WAKE
Other OTC34.22
USD
+0.09
- -
Wake Forest Bancshares, Inc.
WAKE
(Other OTC)
Recent
price
34.22
P/E
ratio
- -
div
yld
- -
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
- Wake Forest Bancshares, Inc. Wake Forest Bancshares, Inc. (OTC: WAKE) serves as the federally chartered stock holding company for Wake Forest Federal Savings and Loan Association, a community-focused savings and loan institution headquartered in Wake Forest, North Carolina, and founded in 1922. The Association provides a range of personal banking services, including checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, fixed-rate mortgages, balloon mortgages, home equity loans, land loans, and deposit loans; business banking services, such as business checking accounts, business savings accounts, business money market accounts, business certificates of deposit, and business loans; and specialized loan services encompassing commercial real estate mortgages, commercial lines of credit, builder construction loans, and other mortgage credit products primarily to customers in Wake and Franklin counties, North Carolina. In January 2024, Piedmont Financial Holding Company, parent of Piedmont Federal Savings Bank, completed its acquisition of Wake Forest Bancshares, Inc., with minority shareholders receiving $34.34 per share in cash and Wake Forest Federal members gaining mutual rights in the fully mutual Piedmont Federal; the Wake Forest Federal branch now operates as a division of Piedmont Federal, enhancing product offerings and resources while committing $500,000 to a new community foundation in Wake Forest, the largest privately funded one in the area, with former Wake Forest Federal leadership integrating into Piedmont Federal's board and advisory structures. Prior to the acquisition, the company marked its 100th anniversary in 2022 with a special $1.00 per share cash dividend and maintained total assets around $121 million as of late 2023, emphasizing relationship-based community banking with recent facility renovations supporting expanded mobile and online services.
VULCAN ANNOUNCES AGREEMENT TO ACQUIRE WAKE STONE CORPORATION
Piedmont Federal Savings Bank Announces Completion of Acquisition of Wake Forest Bancshares, Inc.
Wake Forest Bancshares, Inc. Receives Shareholder Approval for Merger with Piedmont Financial Holding Company
Wake Forest Bancshares, Inc. Announces Third Quarter Results
"WAKE UP BERCY" - Feedback on the Green Finance Event