Wednesday, June 19, 2024

‘Merger between Wayne Savings and Main Street Bank Finalized’

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Wayne Savings Community Bank, with a banking location in Washingtonville, Columbiana County, has merged with Main Street Financial Services to form Main Street Bank. Both holding companies, Wayne Savings Bancshares Inc. and Main Street Financial Services Corp., announced the completion of the merger.

The new entity, Main Street Bank, will operate under both the Wayne Savings and Main Street Bank brands until the second quarter of 2024 when systems will merge, and the name will be changed to Main Street Bank. Customers are advised to continue business through their respective branches and websites.

All necessary regulatory approvals were received by March 15, and the merger was approved by Wayne shareholders on May 10. Mark R. Witmer, executive chairman of Main Street Bank, expressed excitement about the merger, highlighting the combined talent and resources that will benefit customers.

In addition to the Washingtonville location, Main Street Bank will have 18 branches across Ohio in Toronto, Wooster, Ashland, Carrollton, Creston, Dalton, Fredericksburg, Lodi, Millersburg, North Canton, and Rittman, as well as locations in Wheeling, Wellsburg, Elm Grove, and Moundsville in West Virginia.

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