Waterstone Financial, Inc. Announces Termination of Order to Cease and Desist by Regulators

Waterstone Financial, Inc. Announces Termination of Order to Cease and Desist
                                by Regulators

PR Newswire

WAUWATOSA, Wis., July 11, 2013

WAUWATOSA, Wis., July 11, 2013 /PRNewswire/ -- Waterstone Financial, Inc.
(NASDAQ: WSBF) announced today that the Order to Cease and Desist (the
"Order") previously issued by its federal banking regulator was terminated
effective July 9, 2013. The Order was issued by the Office of Thrift
Supervision in December 2009 and has been terminated by the Board of Governors
of the Federal Reserve System.

Doug Gordon, President and Chief Executive Officer of Waterstone Financial,
Inc., holding company for WaterStone Bank (the "Bank"), attributes the
successful termination of the Order to the employees of the Bank and its
wholly owned subsidiary, Waterstone Mortgage Corporation. "Our teams have
worked diligently to improve operations and return to profitability,"
commented Gordon. "It is their hard work and dedication that have
strengthened our organization."

Waterstone Financial reported net income of $34.9 million for the year ended
December 31, 2012 compared to a loss of $7.5 million for the prior year. The
Company reported net income of $4.6 million and $2.2 million for the three
months ended March 31, 2013 and 2012 respectively.

SOURCE Waterstone Financial, Inc.

Website: www.wsbonline.com
Contact: Anne Kahl, Community Relations Lead, WaterStone Bank, (414) 459-4183,
annekahl@wsbonline.com
 
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