**Exhibit      99.1**

**NEWS      RELEASE**

**FOR      RELEASE: IMMEDIATELY**

**WAYNE      SAVINGS BANCSHARES, INC. ANNOUNCES EARNINGS FOR THE QUARTER ENDED JUNE 30,      2007**

**MORE**

| **CONTACT                PERSON:** | **H.                STEWART FITZ GIBBON III** |
|------------------------------------|-----------------------------------------------|

|   | **EXECUTIVE                VICE PRESIDENT** |
|--------|---------------------------------------------|

|   | **CHIEF                FINANCIAL OFFICER** |
|--------|--------------------------------------------|

|   | **(330)                264-5767** |
|--------|-----------------------------------|

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| **WAYNE                  SAVINGS BANCSHARES, INC.**                                  |
|--------------------------------------------------------------------------------------------------------------------|
| **CONSOLIDATED                  STATEMENTS OF CONDITION**                            |
| (Dollars                  in thousands, except per share data)                       |
|                                                                                                               |   | June                  30, 2007 |   |   | March                  31, 2007 |   |
|                                                                                                               |   | (Unaudited) |   |   |   |   |
| **ASSETS**                                                                                                         |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Cash,                  cash equivalents, & investment securities (1)                                           |   | $ | 54,494 |   |   | $ | 71,908 |   |
| Mortgage-backed                  securities, net (1)                                                               |   |   | 74,627 |   |   |   | 69,065 |   |
| Loans                  receivable, net                                                                             |   |   | 244,402 |   |   |   | 240,049 |   |
| Federal                  Home Loan Bank stock                                                                      |   |   | 4,829 |   |   |   | 4,829 |   |
| Office                  premises & equipment, net                                                              |   |   | 8,052 |   |   |   | 8,179 |   |
| Real                  estate acquired through foreclosure                                                          |   |   | 113 |   |   |   | - |   |
| Other                  assets                                                                                      |   |   | 11,442 |   |   |   | 11,707 |   |
| **          TOTAL  ASSETS**                            |   | $ | 397,959 |   |   | $ | 405,737 |   |
|                                                                                                               |   |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**                                                          |   |   |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |   |   |
| Deposit                  accounts                                                                                  |   | $ | 326,377 |   |   | $ | 333,540 |   |
| Advances                  from Federal Home Loan Bank                                                              |   |   | 35,450 |   |   |   | 34,500 |   |
| Advances                  by borrowers for taxes & insurance                                                   |   |   | 205 |   |   |   | 616 |   |
| Accounts                  payable on mortgage loans serviced for others                                            |   |   | 95 |   |   |   | 197 |   |
| Other                  liabilities                                                                                 |   |   | 2,098 |   |   |   | 2,451 |   |
| **          TOTAL                  LIABILITIES**                 |   |   | 364,225 |   |   |   | 371,304 |   |
|                                                                                                               |   |   |   |   |   |   |   |   |
| Common                  stock (3,978,731 shares of $.10 par value issued at                                        |   |   |   |   |   |   |   |   |
|     June                  30, 2007 and March 31, 2007)                                         |   |   | 398 |   |   |   | 398 |   |
| Additional                  paid-in capital                                                                        |   |   | 36,106 |   |   |   | 36,106 |   |
| Retained                  earnings                                                                                 |   |   | 12,122 |   |   |   | 11,982 |   |
| Less                  required contributions for shares acquired by Employee Stock Ownership                  Plan |   |   | (1,158 | ) |   |   | (1,158 | ) |
| Less                  Treasury Stock (784,622 shares at June 30, 2007 and                                          |   |   |   |   |   |   |   |   |
|      March                  31, 2007)                                                     |   |   | (12,419 | ) |   |   | (12,419 | ) |
| Accumulated                  other comprehensive loss                                                              |   |   | (1,315 | ) |   |   | (476 | ) |
| **          TOTAL                  STOCKHOLDERS' EQUITY**        |   |   | 33,734 |   |   |   | 34,433 |   |
|                                                                                                               |   |   |   |   |   |   |   |   |
| **TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY**                                                    |   | $ | 397,959 |   |   | $ | 405,737 |   |
| (1)  Includes  available                  for sale classifications.                            |   |   |   |   |   |   |   |   |

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| **WAYNE                    SAVINGS BANCSHARES, INC.**                                                |
|------------------------------------------------------------------------------------------------------|
| **CONSOLIDATED                    STATEMENTS OF EARNINGS**                                      |
| (Dollars                    in thousands, except for per share data)                                 |
| (Unaudited)                                                                                          |
|                                                                                                 |   |   |   |   |   |   |
|                                                                                                 |   | Three                    Months Ended |   |
|                                                                                                 |   | June                    30,    |   |
|                                                                                                 |   | 2007 |   |   | 2006 |   |
|                                                                                                 |   |   |   |   |   |   |
| Interest                    income                                                                   |   | $ | 5,699 |   |   | $ | 5,436 |   |
| Interest                    expense                                                                  |   |   | 2,917 |   |   |   | 2,515 |   |
|      Net                    interest income                                 |   |   | 2,782 |   |   |   | 2,921 |   |
| Provision                    for losses on loans                                                     |   |   | 30 |   |   |   | 30 |   |
|      Net                    interest income after provision for loan losses |   |   | 2,752 |   |   |   | 2,891 |   |
| Other                    income                                                                      |   |   | 448 |   |   |   | 426 |   |
| General,                    administrative, and other expense                                        |   |   | 2,494 |   |   |   | 2,487 |   |
| Earnings  before                    federal income taxes                                   |   |   | 706 |   |   |   | 830 |   |
| Federal                    income taxes                                                              |   |   | 183 |   |   |   | 237 |   |
|      Net                    earnings                                        |   | $ | 523 |   |   | $ | 593 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Earnings                    per share                                                                |   |   |   |   |   |   |   |   |
|      Basic                                                                  |   | $ | 0.17 |   |   | $ | 0.18 |   |
|      Diluted                                                                |   | $ | 0.17 |   |   | $ | 0.18 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Dividends                    per share                                                               |   | $ | 0.12 |   |   | $ | 0.12 |   |

| **WAYNE                  SAVINGS BANCSHARES, INC.**                         |
|----------------------------------------------------------------------------------|
| **CONSOLIDATED                  FINANCIAL HIGHLIGHTS**                      |
| (Dollars                  in thousands, except per share data - unaudited)  |
|                                                                             |   |   |   |   |   |   |
|                                                                             |   | For                  the Three Months |   |
|                                                                             |   | ended                  June 30, |   |
|                                                                             |   |   |   |   |   |   |
|                                                                             |   | 2007 |   |   | 2006 |   |
|                                                                             |   |   |   |   |   |   |
| Quarterly                  Results                                               |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |
| Net                  Interest Income                                             |   | $ | 2,782 |   |   | $ | 2,921 |   |
| Net                  Earnings                                                    |   | $ | 523 |   |   | $ | 593 |   |
| Earnings                  Per Share:                                             |   |   |   |   |   |   |   |   |
|    Basic                                                          |   | $ | 0.17 |   |   | $ | 0.18 |   |
|    Diluted                                                        |   | $ | 0.17 |   |   | $ | 0.18 |   |
| Return                  on Average Assets (Annualized)                           |   |   | 0.53 | % |   |   | 0.60 | % |
| Return                  on Average Equity (Annualized)                           |   |   | 6.10 | % |   |   | 6.66 | % |

|                                                  |   |                      |      |   |                       |   |      |   |
|-------------------------------------------------------|--------|---------------------------|-----------|--------|----------------------------|--------|-----------|--------|
|                                                  |   |                      |      |   |                       |   |      |   |
|                                                  |   |                      |      |   |                       |   |      |   |
|                                                  |   | June                  30, |      |   | March                  31, |   |
|                                                  |   | 2007                      |      |   | 2007                       |   |
|                                                  |   |                      |      |   |                       |   |      |   |
| End                  of Period Data                   |   |                      |      |   |                       |   |      |   |
|                                                  |   |                      |      |   |                       |   |      |   |
| Total                  Assets                         |   | $                         | 397,959   |   |                       | $      | 405,737   |   |
| Stockholders'                  Equity to Total Assets |   |                      | 8.48      | %      |                       |   | 8.49      | %      |
| Shares                  Outstanding                   |   |                      | 3,194,109 |   |                       |   | 3,194,109 |   |
| Book                  Value Per Share                 |   | $                         | 10.56     |   |                       | $      | 10.78     |   |