Wayne Savings Bancshares, Inc.

Wayne Savings Bancshares, Inc.

WAYN
Wayne Savings Bancshares, Inc.US flagOther OTC
24.27
USD
+0.50
- -
53.43MMarket Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
James R. VanSickle II
Full Time Employees
110
Sector
Financial Services
Industry
Banks - Regional
Address
151 North Market Street Wooster OH United States of America 44691
IPO Date
Jun 23, 1993
Business
Wayne Savings Bancshares, Inc. (WAYN) is a bank holding company for Wayne Savings Community Bank, which provides personal and business banking products and services to individuals, businesses, and other organizations primarily in Ohio. The bank offers deposit products including checking, savings, money market, and term certificate accounts, as well as certificates of deposit; lending products encompassing residential mortgage, commercial, installment, residential and nonresidential real estate, commercial real estate, residential construction, multi-family real estate, land, commercial business, consumer, home equity, auto, recreational vehicle, personal, furniture and appliance, agriculture, and term loans, along with lines of credit, government guaranteed programs, and standby letters of credit; and wealth management services such as financial planning, retirement planning, investment advisory, insurance, and trust services, complemented by overdraft protection, remote deposit capture, merchant services, online and mobile banking, bill pay, and debit, credit, and gift cards. Founded in 1899 and headquartered in Wooster, Ohio, the company operates through approximately 13 banking locations serving local communities. In 2023, Wayne Savings Bancshares completed a merger of equals with Main Street Financial Services Corp., creating a combined entity with pro forma assets of about $1.35 billion, 18 branches spanning from Wooster, Ohio, to Wheeling, West Virginia, and enhanced market presence in metropolitan areas including Cleveland, Akron, Canton, Youngstown, and Pittsburgh, while operating under the Main Street Bank brand. Post-merger, the company reported customer deposit growth and reduced nonperforming loans in early 2024, with its former president and CEO departing in mid-2025 amid integration efforts.

Company News

APIChatGPT
  • Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Complete Merger

  • Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Complete Merger

  • Wayne Savings Bancshares, Inc. Announces 2024 Special Meeting Voting Results

  • Wayne Savings Bancshares, Inc. Announces Earnings for First Quarter of 2024

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

  • Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

  • Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

  • Wayne Savings Bancshares, Inc. Announces Earnings for the year ending December 31, 2023 highlighting annual loan growth of 13%

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

  • Wayne Savings Bancshares, Inc. Announces Earnings for the nine months ending September 30, 2023

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

  • Wayne Savings Bancshares, Inc. Announces Earnings for the six months ending June 30, 2023

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

  • Wayne Savings Bancshares, Inc. Announces the Opening of a Full-Service Branch in Washingtonville, Ohio

  • Wayne Savings Bancshares, Inc. Announces Earnings for the second quarter 2021

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

  • WAYNE SAVINGS BANCSHARES, INC. Ranks #50 on American Banker Magazine's Top 200 Community Banks and Thrifts List for 2021

  • Wayne Savings Announces 2021 Annual Meeting Voting Results

  • Wayne Savings Bancshares, Inc. Announces Earnings for the first quarter 2021

  • Wayne Savings Bancshares, Inc. Declares Quarterly Dividend