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Company Description (as filed with the SEC)
WVS Financial Corp. (“WVS”, the “Company”, “us” or “we”) is the parent holding company of West View Savings Bank (“West View” or the “Savings Bank”). The Company was organized in July 1993 as a Pennsylvania-chartered unitary bank holding company and acquired 100% of the common stock of the Savings Bank in November 1993. West View Savings Bank is a Pennsylvania-chartered, FDIC-insured stock savings bank conducting business from six offices in the North Hills suburbs of Pittsburgh. The Savings Bank converted from the mutual to the stock form of ownership in November 1993. The Savings Bank had no subsidiaries at June 30, 2013. Lending Activities General. At June 30, 2013, the Company’s net portfolio of loans receivable totaled $31.5 million, as compared to $39.4 million at June 30, 2012. Net loans receivable comprised 11.0% of the Company’s total assets at June 30, 2013, as compared to 14.4% at June 30, 2012. ... More ...