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.
Mark R. Witmer, the Executive Chairman of Main Street, the resulting institution, said, "This is an exciting day for us as we combine two community banks with a commitment to bring lasting value to the customers we proudly serve. We are grateful for the support of our shareholders throughout this transaction and are excited for the combined talent and resources at our organizations as we look to the future."
Wayne and Main Street previously announced on March 15, 2024 the receipt of all necessary bank regulatory approvals, and on May 10, 2024, the receipt of Wayne shareholder approval.
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