NEWS RELEASE

FOR RELEASE: IMMEDIATELY

WAYNE SAVINGS BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

      Wooster, Ohio (June 26, 2006) - Wayne Savings Bancshares, Inc.
(NASDAQ:WAYN), the stock holding company parent of Wayne Savings Community Bank,
has declared a cash dividend of $.12 per share on the Company's common stock for
the quarter ending June 30, 2006. This represents an annualized dividend of $.48
per share. The quarterly cash dividend will be paid on July 26, 2006 to
stockholders of record as of July 12, 2006.

      At March 31, 2006, Wayne Savings Bancshares, Inc. had total assets of
$403.7 million, deposits of $332.6 million, and stockholders' equity of $35.5
million, or 8.80% of total assets. Established in 1899, Wayne Savings Community
Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has eleven
full-service banking locations in the communities of Wooster, Ashland,
Millersburg, Rittman, Lodi, North Canton, and Creston, Ohio.


Statements contained in this news release which are not historical facts may be
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors. Factors which could
result in material variations include, but are not limited to, changes in
interest rates which could affect net interest margins and net interest income,
competitive factors which could affect net interest income and noninterest
income, changes in demand for loans, deposits and other financial services in
the Company's market area; changes in asset quality, general economic conditions
as well as other factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time. The Company undertakes no
obligation to update these forward-looking statements to reflect events or
circumstances that occur after the date on which such statements were made.

CONTACT PERSON:   H. Stewart Fitz Gibbon III
                  Senior Vice President and Chief Financial Officer
                  (330) 264-5767