Wayne Savings Bancshares, Inc. and Wayne Savings Community Bank Announces Executive Changes
January 04, 2021 at 11:26 am
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Wayne Savings Bancshares, Inc., the holding company parent of Wayne Savings Community Bank announced that the Board of Directors has appointed Mark R. Witmer to the position of Executive Chair of the Board for the Company and the Bank. Mr. Witmer will replace Peggy J. Schmitz as Chair of the Board of Directors. Peggy J. Schmitz has been a board member since 2008 and served as Chair of the Board of Directors since 2012. Ms. Schmitz has led the organization and Board of Directors through transformational years resulting in two consecutive years of record earnings. Ms. Schmitz will be stepping down as Chair of the Board of Directors but will continue to serve as a highly involved member of the board. Mr. Witmer has more than 28 years of community banking experience, including commercial lending, agricultural lending and mortgage banking. Most recently Mr. Witmer served as Senior Executive Vice President and Chief Banking Officer of The Farmers National Bank of Canfield. Mr. Witmer served as the Chief Executive Officer of First National Bank of Orrville prior to the merger with The Farmers National Bank of Canfield.
Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank (the Bank) that provides personal and business banking products and services to individuals, businesses, and other organizations. The Company offers checking, savings, money market, and term certificate accounts, as well as certificates of deposit. It also provides residential mortgage, commercial, installment, residential and nonresidential real estate, commercial real estate, residential construction, multi-family real estate, land, commercial business, consumer, home, home equity, auto, recreational vehicle, personal, furniture and appliance, agriculture, and term loans, as well as lines of credit, government guaranteed programs, and standby letters of credit. In addition, the Bank offers financial planning, retirement planning, investment advisory, insurance, and wealth management and trust services. It operates in approximately 13 banking locations.