Dinsmore Corporate Team Advises on Eastern Ohio Bank Merger of Equals
Dinsmore & Shohl LLP corporate partners Christian Gonzalez and Michael Dailey successfully led the Firm’s mergers and acquisitions team in representing Wayne Saving Bancshares Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank ("Wayne Savings"), in a merger of equals with Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp. ("Main Street Bank").
Other Dinsmore attorneys on the team include David Lavan, Chris Hammond, Helana Darrow, Caitlin Throne, Jacqueline McCloskey, Lindsey Adams and Marisa Bens.
The companies finalized the agreement on May 31, 2024, after first announcing necessary bank regulatory approvals for the merger in mid-March.
Main Street Bank will initially operate under both the Wayne Savings and Main Street Bank brands, until the combined company merges systems and services in the second quarter of 2024. The combined institutions will operate as Main Street Bank, serving customers in the Wooster, Ohio region.