Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Complete Merger
WOOSTER, Ohio and WHEELING, W.Va., May 31, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank (“Wayne Savings”) and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp. (“Main Street Bank”), jointly announced today the closing of their previously announced merger.
- WOOSTER, Ohio and WHEELING, W.Va., May 31, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank (“Wayne Savings”) and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp. (“Main Street Bank”), jointly announced today the closing of their previously announced merger.
- Main Street Bank will initially operate under both the Wayne Savings and Main Street Bank brands, and customers should continue to conduct business through their respective Wayne Savings and Main Street branches and websites.
- Piper Sandler & Co. acted as financial advisor to Wayne and delivered a fairness opinion to the Board of Directors of Wayne.
- Raymond James & Associates acted as financial advisor to Main Street in the transaction and delivered a fairness opinion to its Board of Directors.