Waterstone Financial, Inc. announced that on February 8, 2021, its Board of Directors elected Derek L. Tyus to serve on the Board of Directors. Tyus currently serves as vice president and chief investment officer of West Bend Mutual Insurance Company. He has been with West Bend since 2016. Before joining West Bend, Derek was a director for Northwestern Mutual Wealth Management Company in Milwaukee, Wisconsin. He serves on the board of various organizations, including the Greater Milwaukee Foundation, Zoological Society of Milwaukee and Siebert Lutheran Foundation.