EXHIBIT 99

                                 NASDAQ SYMBOL:      WAYN
_________________________________RELEASE DATE:       SEPTEMBER 2, 2004
WAYNE SAVINGS BANCSHARES, INC.   CONTACT PERSON:     CHARLES F. FINN
ANNOUNCES STOCK REPURCHASE                           CHAIRMAN AND CEO
PROGRAM                                              MICHAEL C. ANDERSON
                                                     EVP/CFO
                                                     (330) 264-5767

                              FOR IMMEDIATE RELEASE

     WOOSTER, OHIO - On August 26, 2004, the Board of Directors of Wayne Savings
Bancshares,  Inc.  (NASDAQ:  WAYN),  the stock holding  company  parent of Wayne
Savings  Community Bank,  authorized the repurchase of up to 185,491 shares,  or
5%, of the Company's  outstanding  shares of common stock.  Repurchases  will be
made  from  time to time as  market  conditions  warrant,  through  open  market
purchases,  unsolicited negotiated transactions,  or in such other manner deemed
appropriate by management.

     Wayne Savings  Bancshares,  Inc.  recently  announced the completion of the
previous 5% stock  repurchase  program on August 11, 2004, which resulted in the
repurchase of 197,500 shares.

     At June 30, 2004, total assets of Wayne Savings  Bancshares,  Inc. amounted
to $385.6 million.  Deposits totaled $316.4 million,  and  stockholders'  equity
totaled $42.0  million,  resulting in a  capital-to-assets  ratio of 10.9%.  Now
celebrating  its 105th  anniversary,  Wayne Savings  Community  Bank, the wholly
owned  subsidiary of Wayne Savings  Bancshares,  Inc.,  has eleven  full-service
banking locations in Wayne, Holmes, Ashland, Medina, and Stark counties, Ohio.




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