Wayne Savings in Ohio adds Activist Investor to its Board - American Banker -BoardProspects

Wayne Savings in Ohio adds Activist Investor to its Board

American Banker Nov 26 2017 BoardNews

Wayne Savings Bancshares in Wooster, Ohio, has added an activist investor to its board. The $446 million-asset Wayne said in a press release Friday that Brian Hopkins, a co-founder and principal at Ancora Advisors in Cleveland, had become a director with a term that expires in 2020. Ancora, which owns about 4.9% of Wayne’s stock, has a history of shareholder activism...
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1. Brian's financial expertise and banking industry knowledge will make him an important addition.
2. We are aware of Jay's stellar pedigree and the experience.
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