Local News

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.