Waterstone Financial Elects New Board Members Amid Strategic Growth Plans

Waterstone Financial has elected Molly Mulroy and Laura Piotrowski to its Board of Directors and its subsidiary WaterStone Bank SSB. Mulroy brings experience in energy and administrative services, while Piotrowski has expertise in strategic advisory and finance. Their addition is expected to enhance the company's leadership and community-focused initiatives. Waterstone Financial's stock score is 69, reflecting strong cash flow and positive technical indicators, but high leverage and modest profitability are areas for improvement.

Waterstone Financial, Inc. (NASDAQ: WSBF) has announced the election of Molly Mulroy and Laura Piotrowski to its Board of Directors, effective July 22, 2025. This appointment includes both WaterStone Bank and Waterstone Financial, reflecting the company's commitment to enhancing its leadership and community-focused initiatives.

Molly Mulroy brings extensive experience in energy and administrative services. Currently serving as Executive Vice President and Chief Administrative Officer at WEC Energy Group, Mulroy has overseen various aspects of the organization, including Administrative Services, Facility Management, Human Resources, IT Services, Supply Chain, IT System Strategy, and Development. Her background in enterprise-wide information technology and cybersecurity will likely contribute valuable insights to Waterstone Financial’s operational efficiency and technology modernization initiatives.

Laura Piotrowski, the CEO and President of Cavendish Vernal, brings expertise in strategic advisory and finance. She has held senior finance roles, including Chief Financial Officer at Stein’s Garden & Home and Managing Director of Finance for Robert W. Baird & Co. Piotrowski’s experience in strategic business planning and finance can help Waterstone Financial navigate economic challenges and explore new growth opportunities.

The addition of Mulroy and Piotrowski to the Board of Directors is expected to enhance the company's governance and strategic direction. Their backgrounds in administration, technology, finance, and community service align with Waterstone Financial's mission to deliver value to customers, employees, shareholders, and communities.

Waterstone Financial, established in 1921, is dedicated to supporting the financial goals of its customers through its range of banking services in southeastern Wisconsin. The company operates 14 branch locations across the region and is the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states.

Despite the positive addition to the board, recent insider trading activity indicates a significant level of selling, with no purchases reported in the past six months. This could suggest a cautious sentiment among insiders regarding the company's stock performance. Additionally, the stock score of 69 reflects strong cash flow and positive technical indicators but highlights areas for improvement, such as high leverage and modest profitability.

References:

[1] https://www.nasdaq.com/articles/waterstone-financial-inc-appoints-molly-mulroy-and-laura-piotrowski-board-directors
[2] https://finance.yahoo.com/news/waterstone-financial-announces-election-board-200100434.html