Formed in 1921, WaterStone Bank is a financial institution that serves its local communities with a wide range of checking, saving and lending products. After 2008, the bank changed its name from Wauwatosa Savings Bank to the current name. It offers a wide range of banking options, including 24-hour telephone banking, Internet banking with online bill pay, health savings accounts, individual retirement accounts and merchant services. In addition to this, the bank offers mortgage products, home equity products, certificates of deposit, money markets, commercial loans, business banking products and the service of online calculators. It is a member of the Federal Deposit Insurance Corporation (FDIC).