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Waterstone Financial Announces Election of New Board Member

Waterstone Financial, Inc. announced that its Board of Directors elected Derek L. Tyus to serve on the Board of Directors.

“We are honored to have Derek join the Board of Directors of WaterStone Bank and Waterstone Financial and help guide our organization. Derek has vast experience in the financial markets, including extensive knowledge in the underwriting of commercial real estate, Waterstone’s largest asset category,” said Doug Gordon, president/CEO of WaterStone Bank. “He is also very active in numerous non-profits in our local community. Derek will be a great asset to Waterstone’s future.”

Tyus currently serves as vice president and chief investment officer of West Bend Mutual Insurance Company. He has been with West Bend since 2016. Tyus has been in the insurance industry for 22 years, holding investment positions in private debt and equity, real estate, wealth management, as well as strategy and administration.

Tyus is a graduate of Marquette University and received his MBA from the Ross School of Business at the University of Michigan. Tyus is currently a member of the CFA Institute and the CFA Society of Milwaukee. He serves on the board of various organizations, including the Greater Milwaukee Foundation, Zoological Society of Milwaukee, and Siebert Lutheran Foundation.

“I am looking forward to helping Waterstone grow and prosper. Their financial results reflect a strong management team with a proven organizational culture. I am impressed with their commitment to diversity and their dedication to giving back to the communities they serve,” said Tyus. “My work history, education, and experience fit well to align with a publicly traded financial institution.”

“We continue to expand the talent of our Board of Directors to provide enhanced oversight and direction to Waterstone,” said Pat Lawton, chairman of Waterstone’s Board of Directors. “We are excited to add Derek’s talents and integrity to the Waterstone family. Derek’s experience is a great complement to the existing Board.”

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By, Alex Paniagua