Wayne Financial savings Bancshares, Inc. Ranks #28 on 2023 OTCQX Greatest 50
WOOSTER, Ohio, Jan. 30, 2023 (GLOBE NEWSWIRE) — Wayne Financial savings Bancshares, Inc. (OTCQX:WAYN), (the “Firm”), the holding firm mum or dad of Wayne Financial savings Neighborhood Financial institution (the “Financial institution”), introduced right this moment that it was named to the 2023 OTCQX Greatest 50. In January 2023, OTCQX ranked Wayne Financial savings Bancshares, Inc. 28th on its 2023 OTCQX Greatest 50. Firms within the 2023 OTCQX Greatest 50 have been ranked primarily based on their efficiency through the 2022 calendar 12 months.
“Wayne Financial savings is honored to have made the OTCQX Greatest 50 checklist for the primary time,” mentioned James R. VanSickle, President and CEO. “We now have labored very onerous over the previous few years to enhance our monetary outcomes and turn out to be a prime performing neighborhood financial institution. The popularity of Wayne Financial savings Bancshares inventory as one of many prime 50 firms traded on the OTCQX market is validation for our devoted staff of neighborhood bankers. It’s an honor to be included with this group of high-performing firms. We are going to proceed to attempt for enhanced shareholder worth in 2023 and past.”
Established in 1899, Wayne Financial savings Neighborhood Financial institution, the wholly owned subsidiary of Wayne Financial savings Bancshares, Inc., has 13 full-service banking areas within the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, Creston, Fredericksburg, Washingtonville, and Dalton Ohio. The Financial institution additionally has a mortgage manufacturing workplace in Canfield, Ohio. At December 31, 2022, Wayne Financial savings Bancshares, Inc. reported whole belongings of $729.8 million, deposits of $605.8 million, and stockholders’ fairness of $44.7 million.
Statements contained on this information launch which aren’t historic details could also be forward-looking statements as that time period is outlined within the Personal Securities Litigation Reform Act of 1995. Such forward-looking statements are topic to dangers and uncertainties which might trigger precise outcomes to vary materially from these at present anticipated because of quite a lot of elements. Components which might lead to materials variations embody, however will not be restricted to, modifications in rates of interest which might have an effect on web curiosity margins and web curiosity earnings, aggressive elements which might have an effect on web curiosity earnings and noninterest earnings, modifications in demand for loans, deposits and different monetary providers within the Firm’s market space; modifications in asset high quality, common financial circumstances in addition to different elements mentioned in paperwork filed by the Firm now and again. The Firm undertakes no obligation to replace these forward-looking statements to replicate occasions or circumstances that happen after the date on which such statements have been made.
Contact:
Wayne Financial savings Bancshares, Inc.
James R. VanSickle, II
President and Chief Government Officer
330-264-5767
