Wayne Savings Completes Merger with Main Street Bank

WOOSTER, Ohio –  Wayne Savings Community Bank, which has a banking location in Washingtonville in Columbiana County, has merged with Main Street Financial Services.

Both Wayne Savings Bancshares Inc., the holding company of Wayne Savings Community Bank, and Main Street Financial Services Corp., the holding company of Main Street Bank Corp., announced Friday that the merger has closed.

The bank, which will be known as Main Street Bank, will continue to operate under both the Wayne Savings and Main Street Bank brands. Customers should continue to conduct business through their respective bank branches and websites. Those systems will merge later in the second quarter of 2024, and the name will be changed to Main Street Bank.

As the proposed merger proceeded, it was announced that all necessary bank regulatory approvals were received as of March 15, and Wayne shareholders approved the merger as of May 10.

“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,” said Mark R. Witmer, executive chairman of Main Street Bank, the resulting institution. “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.”

Aside from the Washingtonville location, there will be 18 locations of the combined bank in Toronto, Wooster, Ashland, Carrollton, Creston, Dalton, Fredericksburg, Lodi, Millersburg, North Canton and Rittman in Ohio; as well as Wheeling, Wellsburg, Elm Grove and Moundsville in West Virginia.

Published by The Business Journal, Youngstown, Ohio.