Wayne Savings Bancshares

Wayne Savings Bancshares, Inc. is a holding company, which engages in the provision of financial services. It offers checking, savings, money market, home loans, and financial planning. The company was founded on August 5, 1997 and is headquartered Wooster, OH.

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Wayne Savings Community Bank provides checking accounts, savings accounts, mobile banking, and overdraft protection services. They offer personal loans, home loans, mortgage loans, financial planning, investment advisory services, wealth management, and trust services.

WOOSTER, Ohio, July 15, 2021 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $1,802,000 or $0.73 per common share for the quarter ended June 30, 2021, an increase of $151,000 or 9.1%, compared to $1,651,000 or $0.64 per common share for the quarter ended June 30, 2020. The increase in net income was due to an increase in net interest income and a decrease in provision for loan losses partially offset with an increase in non-interest expense and an increase in provision for federal income taxes. The return on average equity and return on average assets for the second quarter of 2021 was 13.53% and 1.15%, respectively, compared to 13.27% and 1.25%, respectively, for the same period in 2020.

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

WOOSTER, Ohio, June 03, 2021 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX:WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank (the “Bank”), announced today that it was named to the American Banker magazine's Top 200 Publicly Traded Community Banks and Thrifts. In its May 2021 issue, American Banker ranked Wayne Savings Bancshares, Inc. 50th on its Top 200 Publicly Traded Community Banks and Thrifts based on a three-year average return on equity as of December 31, 2020 (Source: Capital Performance Group).

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

WOOSTER, Ohio, April 30, 2021 (GLOBE NEWSWIRE) -- On April 29, 2021, Wayne Savings Bancshares, Inc. (OTCQX: WAYN) (the “Company”) held its 2021 Annual Meeting of Stockholders (the “Annual Meeting”). The inspector of elections delivered its final report of voting results for each of the matters submitted to a vote.

Wayne Savings Announces 2021 Annual Meeting Voting Results

WOOSTER, Ohio, April 19, 2021 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $1,887,000, or $0.76 per common share, for the quarter ended March 31, 2021. This represents an increase of $570,000, or 43.3%, compared to $1,317,000, or $0.51 per common share, for the quarter ended March 31, 2020. The increase in net income was due to an increase in net interest income and a decrease in provision for loan losses, partially offset with an increase in non-interest expenses and increased provision for federal income taxes. The return on average equity and return on average assets for the first quarter of 2021 was 14.22% and 1.26%, respectively, compared to 10.65% and 1.07%, respectively, for the same period in 2020.

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

WOOSTER, Ohio, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $1,773,000 or $0.71 per common share for the quarter ended December 31, 2020, an increase of $44,000 or 2.5%, compared to $1,729,000 or $0.66 per common share for the quarter ended December 31, 2019. The increase in net income was due to an increase in net interest income, partially offset with an increase in provision for loan losses, an increase in total non-interest expense, and increased provision for federal income taxes.   The return on average equity and return on average assets for the fourth quarter of 2020 was 13.69% and 1.25%, respectively, compared to 14.26% and 1.40%, respectively, for the same period in 2019.

Wayne Savings Bancshares, Inc. Announces Earnings for the Fourth Quarter and Full Year 2020 Earnings

WOOSTER, Ohio, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX:WAYN), the holding company parent of Wayne Savings Community Bank, announced that the Board of Directors has appointed Mark R. Witmer to the position of Executive Chair of the Board for the Company and the Bank. Mr. Witmer will replace Peggy J. Schmitz as Chair of the Board of Directors.

Wayne Savings Bancshares, Inc. Announces the Appointment of Mark R. Witmer as Executive Chair

News for Wayne Savings Bancshares Stock (WAYN)