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New Deal


Announced

Main Street Financial Services to merge with Wayne Savings Bancshares in a $68m deal.

Financials

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Transaction Value£56m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank holding company

Pending

Banks

Merger

Friendly

Single Bidder

Public

United States

Majority

Acquisition

Domestic

Synopsis

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Main Street Financial Services, the holding company of Main Street Bank, agreed to merge with Wayne Savings Bancshares, the holding company of Wayne Savings Community Bank, in a $68m deal. "We are excited to announce this transformational merger with Main Street Financial Services. We are bringing together two high-performing community banks that have similar values and proven track records of growth and building shareholder value. We share a commitment to the communities in which we operate and are dedicated to delivering the best products and services to our customers. This combination is poised to deliver long-term value for our shareholders, customers, employees and communities and provide opportunities for future expansion," Mark Witmer, Wayne Executive Chairman.

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