8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 26, 2006

                         WAYNE SAVINGS BANCSHARES, INC.
                         ------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                     0-23433                   31-1557791
- ----------------------------    ---------------------          -------------
(State or other jurisdiction    (Commission File No.)          (IRS Employer
     of incorporation)                                       Identification No.)

   151 N. Market St., Wooster, Ohio                                44691
   --------------------------------                                -----
(Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code:  (330) 264-5767


                                 Not Applicable
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

[_]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
[_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
[_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))





Item 7.01   Regulation FD Disclosure
            ------------------------

         On June 26, 2006, Wayne Savings Bancshares, Inc., (the "Company")
issued a press release announcing a cash dividend of $.12 per share on the
Company's common stock for the quarter ending June 30, 2006. A copy of the press
release dated June 26, 2006 is attached as Exhibit 99 to this report. The press
release is being furnished to the SEC and shall not be deemed to be "filed" for
any purpose.


Item 9.01  Financial Statements and Exhibits
           ---------------------------------

      (a)  Not applicable.

      (b)  Not applicable.

      (c)  Not applicable.

      (d)  Exhibits

Exhibit No.  Description
- -----------  -----------

    99       Press release, dated June 26, 2006


                                       2


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                          WAYNE SAVINGS BANCSHARES, INC.


DATE:  June 26, 2006                      By:     /s/ H. Stewart Fitz Gibbon III
                                                  ------------------------------
                                                  H. Stewart Fitz Gibbon III
                                                  Senior Vice President and
                                                  Chief Financial Officer


                                       3

EX-99.1

NEWS RELEASE

FOR RELEASE: IMMEDIATELY

WAYNE SAVINGS BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

      Wooster, Ohio (June 26, 2006) - Wayne Savings Bancshares, Inc.
(NASDAQ:WAYN), the stock holding company parent of Wayne Savings Community Bank,
has declared a cash dividend of $.12 per share on the Company's common stock for
the quarter ending June 30, 2006. This represents an annualized dividend of $.48
per share. The quarterly cash dividend will be paid on July 26, 2006 to
stockholders of record as of July 12, 2006.

      At March 31, 2006, Wayne Savings Bancshares, Inc. had total assets of
$403.7 million, deposits of $332.6 million, and stockholders' equity of $35.5
million, or 8.80% of total assets. Established in 1899, Wayne Savings Community
Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has eleven
full-service banking locations in the communities of Wooster, Ashland,
Millersburg, Rittman, Lodi, North Canton, and Creston, Ohio.


Statements contained in this news release which are not historical facts may be
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors. Factors which could
result in material variations include, but are not limited to, changes in
interest rates which could affect net interest margins and net interest income,
competitive factors which could affect net interest income and noninterest
income, changes in demand for loans, deposits and other financial services in
the Company's market area; changes in asset quality, general economic conditions
as well as other factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time. The Company undertakes no
obligation to update these forward-looking statements to reflect events or
circumstances that occur after the date on which such statements were made.

CONTACT PERSON:   H. Stewart Fitz Gibbon III
                  Senior Vice President and Chief Financial Officer
                  (330) 264-5767