Waterstone Financial Inc. (WSBF) is a well-established and recognized savings and loan holding company in the United States. The company is headquartered in Wauwatosa, Wisconsin, and operates primarily through its subsidiaries, which include WaterStone Bank SSB and Waterstone Mortgage Corporation.
WaterStone Bank SSB is one of the principal subsidiaries of Waterstone Financial Inc. It is a community-focused bank that provides a range of financial products and services primarily in Milwaukee and surrounding areas in Wisconsin. The bank offers services such as personal and business banking products and services like checking and savings accounts, loans, online banking, and safe deposit boxes. It has been dedicated to serving the local community since its inception in 1921 and has grown significantly, currently operating 12 branches in southeastern Wisconsin.
Simultaneously, Waterstone Mortgage Corporation, another key subsidiary, is a national mortgage lender that offers an array of mortgage services across multiple states. The company provides various products, including conventional loans, FHA loans, VA loans, and other refinancing options for families making major home purchases. Notably, the company has more than 700 employees working across over 60 offices in the United States.
Waterstone Financial, Inc. was incorporated in 1987 and has since been known for its commitment to delivering unparalleled customer service, maintaining a high degree of corporate governance, and executing strategic growth plans. As a public company, it trades on the NASDAQ Global Select Market under the ticker symbol ‘WSBF’.
Furthermore, Waterstone Financial, Inc., has an asset management department dedicated to purchasing, securitizing, selling, and servicing residential mortgage loans. Its subsidiary, Waterstone Investment Associates LLC, purchases mortgage loans and manages a pool of securitized loans.
The work of Waterstone Financial, Inc, has had to adapt to variations in the economy, new banking rules and regulations, and changes in customer behavior. Despite these hurdles, the company has demonstrated resilience and a strategic capacity to steer forward while maintaining a strong balance sheet and ensuring sound risk management.
By combining innovative solutions and fostering business growth, Waterstone Financial, Inc., continues to be a prominent player in the U.S. banking and mortgage lending industry. Alongside striving towards financial growth, Waterstone Financial, Inc., remains committed to maintaining its reputation for high-quality service to its customers and communities in which it operates.