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Wayne Savings Bancshares, Inc. Announces Amberly Wolf as Vice President and Chief Retail Officer

Wooster, Ohio (October 3, 2017) – Wayne Savings Bancshares, Inc. (NASDAQ:WAYN), the holding company parent of Wayne Savings Community Bank, announced that Amberly Wolf is joining the Bank as Vice President and Chief Retail Officer. Ms. Wolf will be responsible for the retail business across all products and channels. Ms. Wolfe has 21 years’ experience in the banking industry.

“Amberly is a proven leader and has demonstrated a timeless commitment to meeting customer needs and exceeding their expectations,” said James R. VanSickle II, President and CEO of Wayne Savings Community Bank. “She has had success at every level of her career.  She excels at building talented teams and driving growth in sales and deposits. We are delighted to welcome her to the team.”

“I am excited to join the Wayne Savings team,” said Wolf. “I am looking forward to continuing the traditions of serving our communities and meeting their financial needs. We have a unique opportunity to serve our friends and neighbors with great deposit and lending products and quick local decisions.”

Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has eleven full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, and Creston, Ohio.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

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