Westbury Bancorp, Inc. Announces Results of Annual Meeting

WEST BEND, Wis., March 14, 2018 (GLOBE NEWSWIRE) -- On February 21, 2018, Westbury Bancorp, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders for the purpose of electing directors and ratifying the appointment of its independent public accounting firm. 

Greg J. Remus and Donald J. Murn were nominated for re-election by the Board of Directors and at the Annual Meeting each was elected to the Board for a three year term expiring at the 2021 Annual Meeting of Stockholders.  Stephen W. Sinner was nominated for election by the Board of Directors and at the annual meeting was elected to the Board for a three year term expiring at the 2021 Annual Meeting of Stockholders.

The terms of the following directors continued after the 2018 Annual Meeting of Stockholders: each of Russell E. Brandt and David Jorgensen (until the 2019 Annual Meeting of Stockholders); and each of Terry Wendorff and Rondi Rohr-Dralle (until the 2020 Annual Meeting of Stockholders).

Ratification of the appointment of CliftonLarsonAllen LLP by the Company's Audit Committee as the Company's independent auditors for the fiscal year ending September 30, 2018 required the affirmative vote of a majority of the votes cast on the matter with respect to the 2018 Annual Meeting of Stockholders.  The stockholders voted to ratify the appointment of CliftonLarsonAllen LLP as the Company's independent auditors for the fiscal year ending September 30, 2018.

About Westbury Bancorp, Inc.

Westbury Bancorp, Inc. is the holding company for Westbury Bank.  The Company's common shares are traded on OTCQX under the symbol “WBBW”.

Westbury Bank is an independent community bank serving communities in Washington, Waukesha and Dane Counties through its eight full service offices and one loan production office providing deposit and loan services to individuals, professionals and businesses throughout its markets.

Forward-Looking Information

Information contained in this press release may be considered forward-looking in nature as defined by the Private Securities Litigation Reform Act of 1995 and is subject to various risks, uncertainties, and assumptions. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the Company's operations and business environment.  Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the Company’s operating results, performance or financial condition are competition, the demand for the Company’s products and services, the Company's ability to maintain current deposit and loan levels at current interest rates, deteriorating credit quality, including changes in the interest rate environment reducing interest margins, changes in prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions, the Company's ability to maintain required capital levels and adequate sources of funding and liquidity, the Company's ability to secure confidential information through the use of computer systems and telecommunications networks, and other factors as set forth in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

Contact: Kirk Emerich, 262 334 5563

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