SHAREHOLDER ALERT: Weiss Law Investigates Wayne Savings Bancshares, Inc.

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Wayne Savings Bancshares, Inc. ("Wayne" or the "Company") (OTC:WAYN), in connection with its proposed merger with Main Street Financial Services Corp. (OTC:MSWV) ("Main Street"). Under the merger agreement, the Company's shareholders will receive 1.7446 shares of Main Street common stock for each Wayne share, representing implied per-share consideration of $32.23 based on Main Street's February 24, 2023 closing price of $19.05. Upon completion of the transaction, Main Street shareholders will own 47.5% of the combined company, and Wayne shareholders will own 52.5% of the combined company. The transaction is valued at approximately $68 million.