The combined bank will have approximately $1.3 billion in total assets and 18 branches in 10 counties between footprints in Northeast Ohio and the West Virginia pandhandle. Wayne, which has been planning a rebrand anyway, will take on the Main Street name, however.
Executives at Wayne Savings Bancshares and Main Street Financial grew progressively more comfortable with the idea of a deal during six months of talks, Wayne Savings CEO James VanSickle says.