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Stilwell Group launches proxy contest for seat on Wayne Savings' board

Joseph Stilwell's investor group is once again seeking a seat on Wayne Savings Bancshares Inc.'s board via a proxy contest.

The shareholder activist is planning to nominate a director for election during the Wooster, Ohio-based company's upcoming 2018 annual meeting.

Stilwell's group, which said the company should evaluate all strategic alternatives available, has repeatedly called for a sale of the company.