Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger [Yahoo! Finance]
WAYNE SAVINGS BNCSHS INC (WAYN)
US:NASDAQ Investor Relations:
ir.waynesavings.com
Company Research
Source: Yahoo! Finance
of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions (collectively, the “Regulatory Authorities”) for the merger of Wayne with and into Main Street followed by the merger of Main Street Bank Corp. with and into Wayne Savings Community Bank. “We are pleased to have received all required approvals from the Regulatory Authorities. We are progressing as planned, and we anticipate closing the transaction in the second quarter,” stated Mark Witmer, Executive Chairman of Wayne. “We are excited to bring together two organizations as a premier community bank with enhanced products and services while honoring our commitment to superior customer service, personalized
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