Wayne Savings Bancshares - WAYN- Profile

Wayne Savings Bancshares, Inc. is a federal savings and loans institution. The company has two subsidiaries namely, Wayne Savings Community Bank and Village Savings Bank, F.S.B. The company accepts deposits and originates loans for residential, consumer and nonresidential purposes. The company's operations are carried on in Wayne, Holmes, Ashland and Medina counties where it operates nine full-service offices. To date, the company has incurred $50,000 as year 2000 expenses. Interest and fees on loans accounted for 84% of fiscal 2000 revenues; other interest income, 13% and non-interest income, 3%.