Wayne Savings Bancshares, Inc. (NASDAQ:WAYN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 28, 2017, Daniel R. Buehler resigned from the Board of Directors of Wayne Savings Bancshares, Inc. Mr. Buehler also resigned from the Board of Directors of Wayne Savings Community Bank effective September 28, 2017. Mr. Buehler’s decision to resign was not the result of any disagreement with Wayne Savings Bancshares, Inc.
President James (Jay) R. VanSickle was appointed as a Director to the boards of Wayne Savings Bancshares, Inc. and Wayne Savings Community Bank to fill the vacancy created by the resignation of Daniel R. Buehler. Mr. VanSickle will serve as a member of the Executive Committee of the Board of Wayne Savings Bancshares, Inc. There are and have been no transactions, either since the beginning of Wayne Savings Bancshares, Inc.’s last two preceding fiscal years or that are currently proposed, regarding Mr. VanSickle that are required to be disclosed to Item 404(a) of Regulation S-K. Mr. VanSickle is not compensated for his services as a Director.
Mr. VanSickle served as Chief Risk Officer and Senior Vice President at Farmers National Bank of Canfield, Canfield, Ohio, from July 2015 through August 25, 2017. Mr. VanSickle served as Chief Financial Officer and Senior Vice President of National Bancshares Corporation, Orrville, Ohio and its wholly owned subsidiary, First National Bank of Orrville from June 2007 through July 2015.
Mr. VanSickle is a CPA and spent 15 years of his career from 1992 through 2007 gaining a wide variety of experience with the public accounting firm of Crowe Horwath, LLP in their financial institutions group.
Mr. VanSickle grew up in New London, Ohio and graduated from New London High School in 1988. Mr. VanSickle continued his education at Miami University where he earned a B.S. in Accounting in 1992. Mr. VanSickle serves as a board member on the Wooster All-Sports Booster Club and Wooster City School’s Business Advisory Council. Mr. VanSickle is also a member of Wooster United Methodist Church.
About Wayne Savings Bancshares, Inc. (NASDAQ:WAYN)
Wayne Savings Bancshares, Inc. is the unitary thrift holding company for Wayne Savings Community Bank (the Bank). The Bank is a community-oriented institution, which offers a range of consumer and business financial services. The Bank’s primary lending and deposit gathering area includes Wayne, Holmes, Ashland, Medina and Stark counties, where it operates over 10 offices. The Bank’s principal business activities consist of originating one- to four-family residential real estate loans, multi-family residential, commercial and non-residential real estate loans. The Bank also originates non-real estate, secured commercial loans, consumer loans and construction loans. The Bank also invests in mortgage-backed securities, obligations issued by state and political subdivisions, and a small position of private-label collateralized mortgage obligations and other liquid investments, such as United States Government securities, federal funds, and deposits in other financial institutions.
