SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 26, 2000
WAYNE BANCORP, INC.
(Exact name of registrant as specified in charter)
Ohio 014612 34-1516142
____ ______ ___________
(State or other (Commission (IRS Employee
Jurisdiction of File Number) Identification No.)
Incorporation)
112 West Liberty Street, Wooster, Ohio 44691
_______________________________ ______
(Address of principal executive offices) (Zip code)
Registrant's telephone number including area code: (330) 264-1222
______________
(Former name or former address, if changed since last report) Not applicable
Item 5. Other Events
On December 26, 2000, the Board of Directors of Wayne Bancorp, Inc., parent
holding company of Wayne County National Bank (WCNB), Chippewa Valley Bank (CVB)
and MidOhio Data, Inc. (MID), announced that David P. Boyle, CPA has been named
Chief Executive Officer (CEO) of the Company and its lead affiliate, WCNB.
Boyle will assume the position on January 1, 2001, and will replace David L.
Christopher, who will retire from active management of the Company on April 30,
2001. Christopher will remain as chairman of the Board beyond his retirement.
Exhibits
99. Text of press release dated December 26, 2000 issued by Wayne Bancorp, Inc.
Pursuant to the requirements of the Securities and Exchange Act of 1934,
Registrant has duly caused this report to on its behalf by the undersigned
thereunto duly authorized.
Signed by:
WAYNE BANCORP, INC.
DATED: January 4, 2001 ___________________________
David L. Christopher,
Chairman
NEWS RELEASE
For Immediate Release CONTACT: Doug Chovan
Marketing Director
Phone: (330) 264-1222
Ext: 307
BOYLE NAMED CHIEF EXECUTIVE OFFICER OF WAYNE BANCORP, INC.
WOOSTER, Ohio - December 26, 2000 - The Board of Directors of Wayne Bancorp,
Inc. NASDAQ:WNNB), parent holding company of Wayne County National Bank (WCNB),
Chippewa Valley Bank (CVB) and MidOhio Data, Inc. (MID), announced today that
David P. Boyle, CPA has been named Chief Executive Officer (CEO) of the Company
and its lead affiliate, WCNB. Boyle assumes the position on January 1, 2001,
and will replace David L. Christopher, who will retire from active management of
the Company on April 30, 2001. Christopher will continue as Chairman of the
Board beyond his retirement.
Christopher, who has served as Chairman and Chief Executive Officer of Wayne
Bancorp, Inc. since 1990, joined WCNB in 1960. Having worked in nearly every
bank department during his 40-year career with WCNB, Christopher was named the
bank's President and CEO in 1988. He has also been a member of the bank's Board
of Directors since 1988.
Boyle, 36, was promoted to President of Wayne Bancorp, Inc. in May 2000. He has
served as President and Chief Operating Officer of WCNB since January 1999. As
CEO, Boyle will be responsible for the operation of the Company and for
providing leadership to the Company's affiliate organizations. His community
banking experience and orientation will continue the Company's tradition of
local management, local decision making and strong community focus.
Boyle has a thorough knowledge of the banking industry having worked in the
accounting profession specializing in banking, as well as serving in a variety
of finance related functions within Wayne Bancorp, Inc. for the past 10 years.
He is active in the Wayne County area, serving in leadership roles in many
organizations within the community.
"Wayne Bancorp, Inc. continues to actively plan and execute its strategy for
management succession, and David Boyle's promotion is a significant step in this
process," said Christopher. "Our Board of Directors' forward thinking has
significantly helped prepare the Company for an orderly management transition.
I am confident that those who step into the ranks of management will continue to
provide the quality and value that has made Wayne Bancorp, Inc. what it is
today."
Boyle is a 1986 graduate of Westminster College in New Wilmington, Pa. where he
earned his bachelor's degree in Business and Accounting. He is also a 1994
graduate of the University of Wisconsin Graduate School of Banking. He resides
in Wooster with his wife Debbie and their four children.
-more-
BOYLE NAMED CHIEF EXECUTIVE OFFICER/PAGE 2
Wayne Bancorp, Inc. is a $558 million financial services company. Its bank
affiliates - Wayne County National Bank (founded 1845) and Chippewa Valley Bank
founded 1907) - operate 23 banking centers in Wayne, Holmes, Stark and Medina
Counties. The Company's non-bank affiliate, MidOhio Data, Inc., performs data
service operations for WCNB and is located in Wayne County. For more
information, visit Wayne County National Bank's web site at www.wcnbwooster.com
and Chippewa Valley Bank's web site at www.chipbank.com.
