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Main Street Financial Services Corp. operates as the financial services holding company for Main Street Bank Corp. that provides various banking products and services. It offers checking and savings accounts; and various loans, such as commercial, real estate, installment, consumer, and residential loans, as well as personal lines of credit. The company also provides other services, including wire transfers, ATM, business money market, Internet banking, safe deposit boxes, non-profit accounts, and renaissance services of CDs. It serves to business communities, professionals, and individuals. The company operates five full-service banking locations in the communities of Wheeling, Elm Grove, Wellsburg and Moundsville, West Virginia and Toronto, Ohio.
Main Street Financial Services Corp. (OTCQX: MSWV) reported Q3 2024 net income of $3.4 million, or $0.44 per share. The quarter reflected full operations following the May 31, 2024 merger with Wayne Savings Bancshares. Key highlights include 7.8% annualized deposit growth and 4.6% annualized loan growth. Net interest income increased 97.6% to $10.7 million, with net interest margin at 3.28%. The company's total assets reached $1.39 billion, with net loan balances of $1.11 billion. A quarterly cash dividend of $0.14 per share was declared on October 11, 2024.
Main Street Financial Services Corp. (OTCQX:MSWV), the holding company parent of Main Street Bank Corp., has declared a quarterly cash dividend of $0.14 per share for the quarter ending September 30, 2024. The dividend will be paid on November 7, 2024 to stockholders of record as of October 18, 2024.
MSWV is a $1.4 billion holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp., founded in 1899, provides full-service banking, commercial lending, and mortgage services. The bank operates 19 branch locations in Wooster, Ohio, Wheeling, West Virginia, and other surrounding communities in Ohio and West Virginia.
Main Street Financial Services Corp. (OTCQX:MSWV), the holding company of Main Street Bank Corp., has announced the implementation of a Dividend Reinvestment Plan (DRIP) as part of the Computershare Investment Plan. This new initiative offers eligible shareholders the opportunity to automatically reinvest their dividends in additional shares of the company.
Interested shareholders can enroll in the program by visiting www.computershare.com/investor and searching for Main Street Financial Services, or by contacting their investment broker. Main Street Financial Services Corp. is a $1.4 billion holding company based in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp., founded in 1899, provides full-service banking, commercial lending, and mortgage services across 19 branch locations in Ohio and West Virginia.
Main Street Financial Services Corp. (OTCQX: MSWV) reported a net loss of $3.5 million, or $0.68 per share, for Q2 2024. Excluding merger-related expenses, net income was $1.9 million, or $0.38 per share. The company successfully completed its merger with Wayne Savings Bancshares on May 31, 2024, forming a holding company with $1.4 billion in assets. Key highlights include:
- Tangible book value per share of $11.75 as of June 30, 2024
- Upgraded to OTCQX Best Market on July 16, 2024
- Declared cash dividend of $0.14 per share on July 19, 2024
- Net interest income increased 12.0% year-over-year to $6.4 million
- Provision for credit losses of $4.7 million, primarily due to the acquired loan portfolio
Main Street Financial Services Corp. (OTCQX:MSWV) has declared a quarterly cash dividend of $0.14 per share for Q2 2024, a 40% increase from the previous $0.10 per share. The dividend will be paid on August 16, 2024, to stockholders of record as of August 2, 2024. MSWV, a $1.4 billion holding company, recently graduated to the OTCQX Market, potentially improving stock exposure. Its primary subsidiary, Main Street Bank Corp., founded in 1899, operates 19 branch locations across Ohio and West Virginia, offering full-service banking, commercial lending, and mortgage services.
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