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Stilwell names possible nominees to Wayne Savings board

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Stilwell names possible nominees to Wayne Savings board

Joseph Stilwell, Stilwell Value LLC and related investment vehicles have entered into agreements with Corissa Briglia and Mark Alcott as the group's potential nominees to Wayne Savings Bancshares Inc.'s board.

The Stilwell Group beneficially owns a 9.6% stake in the Wooster, Ohio-based company. In early November, it disclosed owning 9.7% of Wayne Savings and reiterated its intention to seek board representation. The investor group sold 2,000 shares Dec. 11 at $18.10 per share.

Wayne Savings, also in November, gave a board seat to a different institutional investor — Ancora Advisors LLC.