Peoples Bank Intends to Change Parent Company Name As It Looks To List On NASDAQ | Northwest Indiana Business Titles

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NorthWest Indiana Bancorp, the parent company of Peoples Bank based in Munster, has been around since the early 1990s when the long-standing financial institution changed from a savings and loan mutual to a community bank.

And now he’s about to evolve again. Peoples Bank seeks to change the name of its holding company from NorthWest Indiana Bancorp, whose ticker symbol is NWIN, to Finward Bancorp as it seeks to become one of the few companies based in Northwest Indiana to be listed. on NASDAQ, a major stock market, this would significantly increase the bank’s access to capital.

“As Peoples Bank and our parent company, NorthWest Indiana Bancorp, look to the future, we are committed to remaining competitive with today’s financial institutions while committed to the future of the bank. With this in mind, NWIN made the decision to proceed with a complete overhaul, including a new name, ”said Benjamin Bochnowski, President and CEO. “The new name sets itself apart from competing brands by its modernity and originality, and represents our ability to provide the best forward-looking financial services. From this basic idea, Finward Bancorp was born. The name is a combination of two concepts: financial services and forward. Together, these two essential ideas combine to create something stronger: Finward. “

Banque Populaire, founded in 1910, will keep its name. The holding company’s name change is aimed more at investors who might buy its shares on the NASDAQ than at retail consumers who have accounts or loans there.


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