Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is looking for a new chief executive.

The $310 million-asset company said Monday in a press release that Rod Steiger, 65, will retire as CEO at the end of this year. He has been the company's CEO since January 2011. Steiger joined Wayne Savings' board in 2008 as an independent director.

He will also step down from the board when he retires.

Steiger previously served as president and CEO of the Orville Hospital Foundation in Ohio before joining Wayne Savings. Prior to that, he was CEO of Savings Bank and Trust in Orrville.

Wayne's board has appointed a search committee to select a new CEO.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.