Waterstone Financial, Inc. (NASDAQ: WSBF) announced on October 16, 2026, that Derek L. Tyus has resigned from the Boards of Directors of both the Company and WaterStone Bank SSB (the Bank). The resignation is effective October 20, 2026.
According to the filing, Mr. Tyus is stepping down due to a new professional commitment. The Company stated that the resignation did not result from any disagreement regarding the operations, policies, or practices of Waterstone Financial or WaterStone Bank.
During his tenure, Mr. Tyus served on the Audit and Compensation Committees of the Company Board and the Executive Committee of the Bank Board. He joined the Boards in 2021.
Chairman Patrick S. Lawton expressed gratitude for Mr. Tyus's service, noting his financial expertise and commitment to the organization.
Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank, a community-focused institution established in 1921 with 14 branch locations in southeastern Wisconsin. The Bank is also the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states.
