Item 8.01. Other Events As previously disclosed by Finward Bancorp (the “Bancorp”), on August 9, 2024, Peoples Bank, the wholly-owned Indiana-chartered commercial bank subsidiary of the Bancorp (the “Bank”), entered into an informal administrative agreement known as a memorandum of understanding (the “MOU”) with the Federal Deposit Insurance Corporation (“FDIC”) and the Indiana Department of Finan…
Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 26 locations in Lake and Porter Counties in Northwest Indiana and the Chicagoland area. Finward Bancorp’s common stock is quoted on The NASDAQ Stock Market, LLC under the symbol FNWD. The website ibankpeoples.com provides information on Peoples Bank’s products and services, and Finward Bancorp’s investor relations.
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Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events
As previously disclosed by Finward Bancorp (the “Bancorp”), on August 9, 2024, Peoples Bank, the wholly-owned Indiana-chartered commercial bank subsidiary of the Bancorp (the “Bank”), entered into an informal administrative agreement known as a memorandum of understanding (the “MOU”) with the Federal Deposit Insurance Corporation (“FDIC”) and the Indiana Department of Financial Institutions (“DFI”). By letter dated June 24, 2026, the FDIC and DFI notified the Bank that the FDIC and DFI have terminated the MOU effective immediately.