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Waterstone Financial, Inc. Announces Resignation Of Chief Financial Officer

WAUWATOSA, Wis., Jan. 24, 2014 /PRNewswire/ -- Waterstone Financial, Inc., a Maryland corporation (the "Company") (NasdaqGS: WSBF), announced today that Richard C. Larson, the Company's Chief Financial Officer, has announced his resignation, effective February 7, 2014.

"We would like to thank Rich for his 23 years of service with the Company," said Doug Gordon, President and Chief Executive Officer of the Company. "Rich helped us successfully navigate our financial reporting through the completion of our conversion from mutual-to-stock form, and contributed to the financial soundness that we currently enjoy. We wish him well in his future endeavors.

"Rich will remain with the Company for the next two weeks to assist with our year-end financial reporting. We expect to complete the process for hiring his replacement during this time period, and we appreciate the assistance he will provide."

On January 22, 2013, the Company completed the "second step" conversion of Lamplighter Financial, MHC and the Company's related stock offering. As a result of the closing of the conversion and offering, the Company is now the holding company for WaterStone Bank SSB.  The results of the stock offering were previously reported in a press release dated January 17, 2014. 

The Company's common stock trades on the Nasdaq Global Select Market under the trading symbol "WSBF."

This press release contains certain forward-looking statements.  Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may."  Forward-looking statements, by their nature, are subject to risks and uncertainties. 

SOURCE Waterstone Financial, Inc.

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