WAYNE BANK CHANGES OWNERSHIP STRUCTURE
(Richmond, IN)--There’s been a change in the ownership structure of Wayne Bank. Wayne Bank has announced that it is now partially employee-owned through a new Employee Stock Ownership Plan. Employees now join the founding Boyd family as co-owners of the 143-year-old community bank. President and CEO Mike Gaddis said that the new structure will ensure the bank will remain strong, independent, and locally focused for generations to come.
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