H. Stewart Fitz Gibbon, President and Chief Executive Officer of Wayne Savings Bancshares, Inc. and its subsidiary, Wayne Savings Community Bank (the Bank), resigned from both positions, effective December 20, 2016. The board appointed Director David L. Lehman to serve as Interim President and Chief Executive Officer of the company and the Bank until a successor is appointed. Mr. Fitz Gibbon also resigned from the Boards of Directors of the company and the Bank, effective December 20, 2016.

Following Mr. Fitz Gibbon's resignation, the company's Board of Directors reduced the size of the Board from seven to six directors. Mr. Lehman, has served as a Director of the company and the Bank since 2012. Mr. Lehman was president of Mennonite Mutual Insurance Company, Orrville, Ohio, from 1990 through his retirement in February 2016 and was employed by that company since 1978.

Mr. Lehman has over 30 years of experience in the financial services industry and over 25 years leading a growing insurance company, and has been extensively involved in community and leadership development activities in the Company's market area.