Wayne Savings Bancshares Inc. - Recent Material Event

Item 8.01 Other Events



On July 5, 2012, Wayne Savings Bancshares, Inc. disclosed that its banking subsidiary, Wayne Savings Community Bank ("WSCB"), an Ohio-chartered stock savings and loan association headquartered in Wooster, Ohio, entered into a Transfer & Assumption Agreement (the "Agreement") with Thomasville National Bank ("TNB"), the national bank subsidiary of Thomasville Bancshares, Inc., headquartered in Thomasville, Georgia. The Agreement provides for the transfer of WSCB's trust business to TNB.


On August 3, 2012, the Ohio Division of Financial Institutions (“ODFI”) issued a no-objection letter to WSCB permitting the transfer of trust business to TNB, provided that, among other things, WSCB submit a plan for winding up its trust business (the “Plan”) to the ODFI within a reasonable period of time after receipt of the August 3, 2012 no-objection letter. WSCB submitted a final draft of the Plan to the ODFI on September 13, 2012.


On September 25, 2012, WSCB received a letter from the ODFI approving the Plan. Under the Plan and consistent with the terms of the Agreement, the transfer of WSCB’s trust business to TNB is expected to be completed before the end of the fourth quarter of 2012.




Item 9.01(d) Exhibits.


Not applicable.





Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: September 26, 2012 /s/ H. Stewart Fitz Gibbon III
  H. Stewart Fitz Gibbon III
  Executive Vice President
  Chief Operating Officer
  Chief Risk Officer
  Secretary and Treasurer