Waterstone Financial, Inc. Elects Derek L. Tyus to Serve on the Board of Directors
February 11, 2021 at 02:31 am IST
Share
Waterstone Financial, Inc. announced that on February 8, 2021, its Board of Directors elected Derek L. Tyus to serve on the Board of Directors. Tyus currently serves as vice president and chief investment officer of West Bend Mutual Insurance Company. He has been with West Bend since 2016. Before joining West Bend, Derek was a director for Northwestern Mutual Wealth Management Company in Milwaukee, Wisconsin. He serves on the board of various organizations, including the Greater Milwaukee Foundation, Zoological Society of Milwaukee and Siebert Lutheran Foundation.
Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank SSB (the Bank). The Bank offers a suite of personal and business banking products. The Company's segments include community banking and mortgage banking. The community banking segment provides consumer and business banking products and services to customers. Its consumer products include loan products, deposit products, and personal investment services. Its business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The mortgage banking segment, which is conducted through Waterstone Mortgage Corporation, consists of originating residential mortgage loans primarily for sale in the secondary market. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Milwaukee/Oklahoma Ave, Oak Creek/Howell Ave and various others.