Wayne Savings Community Bank merging with Main Street Financial
Besides the new name, customers will notice few changes as community banking will continue to be the focus.
Source: the-daily-record.com
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Wayne Savings Community Bank to acquire West Virginia's Main Street Bank
The combined bank will have approximately $1.3 billion in total assets and 18 branches in 10 counties between footprints in Northeast Ohio and the West Virginia pandhandle. Wayne, which has been planning a rebrand anyway, will take on the Main Street name, however.
Source: crainscleveland.com
Wayne Savings Bancshares Inc.: Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion
Highlights of the Announced Transaction: Pro forma assets of approximately $1.35 billion and a combined market capitalization of approximately $130 million.The combined company will have 18 branches, with
Source: finanznachrichten.de
Community banks in Ohio, West Virginia strike merger deal
Executives at Wayne Savings Bancshares and Main Street Financial grew progressively more comfortable with the idea of a deal during six months of talks, Wayne Savings CEO James VanSickle says.
Source: americanbanker.com