reports
Main Street Financial Services Corp. Announces Earnings for Second Qua...
Main Street Financial Services Corp. Announces Earnings for Second Quarter of 2025 Business Highlights Core net income (non-GAAP) for the second quarter of 2025 totaled $4.1 million, or $0.52 per common shareDeposit growth of $52.9 million, or 17.9% annualized, for the quarter ended June 30, 2025Loan growth of $29.8 million, or 10.5% annualized, for the quarter ended June 30, 2025Continued reduction of wholesale funding by $15 million during the second quarter of 2025. The wholesale funding balance decreased to $54 million, or 3.7% of assets, as of June 30, 2025.Received regulato...
Main Street Financial Services Corp. Declares Quarterly Dividend
Main Street Financial Services Corp. Declares Quarterly Dividend WOOSTER, Ohio, July 11, 2025 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank”) has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending June 30, 2025. The quarterly cash dividend will be paid on August 8, 2025, to stockholders of record as of July 28, 2025. About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. Its prim...
Main Street Financial Services Corp. Announces Officer Termination, Ap...
Main Street Financial Services Corp. Announces Officer Termination, Appointment WOOSTER, Ohio, June 04, 2025 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV) (the “Company”) today announced that the Board of Directors (the “Board”) has terminated the Company’s President and Chief Executive Officer, Jay R. VanSickle II, effective June 3, 2025. In accordance with Mr. VanSickle’s employment contract, he was terminated without cause and is no longer a member of the Board. The Board has appointed Mark R. Witmer, currently a director and Executive Chair of the Company, as P...
Main Street Financial Services Corp. Annual Meeting Voting Results
Main Street Financial Services Corp. Annual Meeting Voting Results WOOSTER, Ohio, May 12, 2025 (GLOBE NEWSWIRE) -- On May 8, 2025, Main Street Financial Services Corp. (OTCQX: MSWV) (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”). The inspector of elections delivered its final report of voting results for each of the matters submitted to a vote. Proposal 1: To elect three (3) directors to serve until the 2028 annual meeting of stockholders. The three nominees who received a majority of “FOR” votes are elected as directors. The final report of the insp...
Main Street Financial Services Corp. Announces Earnings for First Quar...
Main Street Financial Services Corp. Announces Earnings for First Quarter of 2025 Business Highlights Net income for the first quarter of 2025 totaled $3.6 million, or $0.47 per common shareDeposit growth of $28.3 million, or 9.8% annualized, for the quarter ended March 31, 2025Loan growth of $17.8 million, or 6.4% annualized, for the quarter ended March 31, 2025Continued reduction of wholesale funding by $31 million during the first quarter of 2025. The wholesale funding balance decreased to $69 million, or 4.8% of assets, as of March 31, 2025.Declared cash dividend of $0.14 per share on ...
Main Street Financial Services Corp. Declares Quarterly Dividend
Main Street Financial Services Corp. Declares Quarterly Dividend WOOSTER, Ohio, April 11, 2025 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank") has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending March 31, 2025. The quarterly cash dividend will be paid on May 9, 2025, to stockholders of record as of April 28, 2025. About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. Its pri...
Main Street Financial Services Corp. Announces Earnings for Fourth Qua...
Main Street Financial Services Corp. Announces Earnings for Fourth Quarter of 2024 Business Highlights Financial results reflect the second full quarter following the completed merger of Main Street Financial Services Corp. (Main Street) and Wayne Savings Bancshares, Inc. (Wayne) on May 31, 2024.Net income for the fourth quarter of 2024 totaled $3.2 million, or $0.41 per common shareAnnualized deposit growth of 19.7% for the quarter ended December 31, 2024Reduced reliance on wholesale funding by $40 million during the fourth quarter of 2024Declared cash dividend of $0.14 per share on Jan...
Main Street Financial Services Corp. Declares Quarterly Dividend
Main Street Financial Services Corp. Declares Quarterly Dividend WOOSTER, Ohio, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank) has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending December 31, 2025. The quarterly cash dividend will be paid on February 7, 2025 to stockholders of record as of January 24, 2025. About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. I...
Main Street Financial Services Corp. Announces Earnings for Third Quar...
Main Street Financial Services Corp. Announces Earnings for Third Quarter of 2024 Business Highlights Financial results reflect a full quarter following the completed merger of Main Street Financial Services Corp. (Main Street) and Wayne Savings Bancshares, Inc. (Wayne) on May 31, 2024.Net income for the third quarter of 2024 totaled $3.4 million, or $0.44 per common shareAnnualized deposit growth of 7.8% for the quarter ended September 30, 2024Annualized loan growth of 4.6% for the quarter ended September 30, 2024Announced implementation of Dividend Reinvestment Plan for shareholders on O...
Main Street Financial Services Corp. Declares Quarterly Dividend
Main Street Financial Services Corp. Declares Quarterly Dividend WOOSTER, Ohio, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank) has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending September 30, 2024. The quarterly cash dividend will be paid on November 7, 2024 to stockholders of record as of October 18, 2024. About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio....
Main Street Financial Services Corp. Announces Dividend Reinvestment P...
Main Street Financial Services Corp. Announces Dividend Reinvestment Plan for Shareholders WOOSTER, Ohio, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank”) announced today that it has implemented a Dividend Reinvestment Plan (DRIP) as part of the Computershare Investment Plan. The DRIP will provide eligible Main Street Financial Services Corporation shareholders with the opportunity and convenience of automatic reinvestment of dividends in reinvestment shares. For more inf...
Main Street Financial Services Corp. Announces Earnings for Second Qua...
Main Street Financial Services Corp. Announces Earnings for Second Quarter of 2024 Business Highlights Successfully completed the merger of Main Street Financial Services Corp. (Main Street) and Wayne Savings Bancshares, Inc. (Wayne) on May 31, 2024, forming a holding company with $1.4 billion in assetsSuccessfully completed the integration of core-processing systems on June 10, 2024Tangible book value per share of $11.75 as of June 30, 2024Upgraded to OTCQX Best Market on July 16, 2024Declared cash dividend of $0.14 per share on July 19, 2024 WOOSTER, Ohio, Aug. 14, 2024 (GLOBE NEWSWIR...
Main Street Financial Services Corp. Declares Quarterly Dividend
Main Street Financial Services Corp. Declares Quarterly Dividend WOOSTER, Ohio, July 19, 2024 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank”), has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending June 30th, 2024; an increase of 40.0 percent compared to the $0.10 per share in the second quarter of 2024. The quarterly cash dividend will be paid on August 16, 2024, to stockholders of record as of August 2, 2024. MSWV President & CEO, James...
Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp...
Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Complete Merger WOOSTER, Ohio and WHEELING, W.Va., May 31, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank (“Wayne Savings”) and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp. (“Main Street Bank”), jointly announced today the closing of their previously announced merger. Mark R. Witmer, the Executive Chairman of Main Street, the resulting institution, said, “This is a...
Wayne Savings Bancshares, Inc. Announces 2024 Special Meeting Voting R...
Wayne Savings Bancshares, Inc. Announces 2024 Special Meeting Voting Results WOOSTER, Ohio, May 10, 2024 (GLOBE NEWSWIRE) -- On May 7, 2024, Wayne Savings Bancshares, Inc. (OTCQX: WAYN) (the “Company”) shareholders approved the agreement for the merger of Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. The inspector of elections delivered its final report of voting results for each of the matters submitted to a vote. Proposal 1: To adopt and approve the Agreement and Plan of Merger. According to the final report of the inspector of election tabulation voting ...
Wayne Savings Bancshares, Inc. Announces Earnings for First Quarter of...
Wayne Savings Bancshares, Inc. Announces Earnings for First Quarter of 2024 First Quarter 2024 Highlights Customer deposit balances increased by 10.3% annualizedNonperforming loan balances declined to 0.05% of net loansReceived regulatory approval for merger with Main Street Financial Services, Corp. WOOSTER, Ohio, April 26, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $1.5 million, or $0.70 per common share, for the three...
Wayne Savings Bancshares, Inc. Declares Quarterly Dividend
Wayne Savings Bancshares, Inc. Declares Quarterly Dividend WOOSTER, Ohio, March 28, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX:WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank (the “Bank”), has declared a cash dividend of $0.23 per share of the Company’s common stock for the quarter ending March 31, 2024. The quarterly cash dividend will be paid on May 1, 2024, to stockholders of record as of April 17, 2024. Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has fourteen...
Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp...
Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company 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 Virgi...
Wayne Savings Bancshares, Inc. Announces Earnings for the year ending ...
Wayne Savings Bancshares, Inc. Announces Earnings for the year ending December 31, 2023 highlighting annual loan growth of 13% WOOSTER, Ohio, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $7.8 million, or $3.56 per common share, for the year to date period ended December 31, 2023, a decrease of $1.2 million, or 13.0%, compared to $9.0 million, or $3.98 per common share, for the same period ended December 31, 2022. Net income, excluding the merge...
Wayne Savings Bancshares, Inc. Declares Quarterly Dividend
Wayne Savings Bancshares, Inc. Declares Quarterly Dividend WOOSTER, Ohio, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX:WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank (the “Bank”), has declared a cash dividend of $0.23 per share of the Company’s common stock for the quarter ending December 31, 2023. The quarterly cash dividend will be paid on January 24, 2024 to stockholders of record as of January 10, 2024. Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has th...
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