General

Wayne Savings Bancshares, Inc.

Wayne Savings Bancshares, Inc. (the "Company"), is a unitary holding company for Wayne Savings Community Bank (the "Bank"). The only significant asset of the Company is its investment in the Bank. A plan of conversion and reorganization was approved by the stockholders of the Company, the depositors of Wayne Savings Community Bank and the Office of Thrift Supervision ("OTS") in fiscal 2003, and the related stock offering was completed on January 8, 2003. As of that date 1,350,699 shares of common stock of the Company owned by the M.H.C. were retired and the Company sold 2,040,816 shares of...