Announced
Financials
Sources
Tags
bank holding company
Pending
Banks
Merger
Friendly
Single Bidder
Public
United States
Majority
Acquisition
Domestic
Synopsis
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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