EXHIBIT 99
                                      NEWS RELEASE
______________________________________NASDAQ SYMBOL:  WAYN
WAYNE SAVINGS BANCSHARES, INC.        RELEASE DATE: September 27, 2004
DECLARES QUARTERLY DIVIDEND           CONTACT: CHARLES F. FINN
                                      CHAIRMAN AND CEO
                                      MICHAEL C. ANDERSON
                                      EXECUTIVE VICE PRESIDENT, CFO
                                      (330) 264-5767


                              FOR IMMEDIATE RELEASE
                              ---------------------

     WOOSTER,  OHIO--The  Board of Directors of Wayne Savings  Bancshares,  Inc.
(NASDAQ: WAYN), the stock holding company parent of Wayne Savings Community Bank
of  Wooster,  Ohio,  has  declared  a cash  dividend  of $.12  per  share on the
Company's  common  stock  for  the  quarter  ending  September  30,  2004.  This
represents an annualized dividend of $.48 per share. The quarterly cash dividend
will be paid on  October  20,  2004 to  stockholders  of record as of October 6,
2004.

     At June 30, 2004, Wayne Savings Bancshares, Inc. had total assets of $385.6
million,  deposits of $316.4 million, and stockholder's equity of $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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