Finward Bancorp Terminates Consent Order with FDIC and DFI.
ByAinvest
Thursday, Aug 7, 2025 5:04 pm ET1min read
FISI--
The Consent Order, which was effective from November 7, 2023, was issued to address issues with Peoples Bank's BSA and AML compliance programs. The termination of the Consent Order was announced on August 6, 2025, after the bank successfully resolved the identified deficiencies.
Benjamin J. Bochnowski, President and Chief Executive Officer of Finward Bancorp, stated, "We are very pleased to announce the termination of the Consent Order and the successful resolution of this matter. We want to convey our sincere appreciation and thanks to our board of directors, management team, and staff who worked tirelessly to achieve the requirements of the Consent Order, satisfy our regulators’ concerns, and strengthen the BSA/AML compliance program of Peoples Bank." He also thanked the regulatory and supervisory staff at the FDIC and DFI for their diligent efforts and oversight.
About Finward Bancorp
Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana. Its primary activities are 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 Chicagoland. 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.
References:
[1] https://finance.yahoo.com/news/finward-bancorp-announces-termination-consent-200100293.html
[2] https://www.marketscreener.com/news/finward-bancorp-announces-termination-of-consent-order-ce7c5edcd98cf022
[3] https://www.businesswire.com/news/home/20250807200472/en/Finward-Bancorp-Announces-Termination-of-Consent-Order
FNWD--
Finward Bancorp, the holding company for Peoples Bank, has announced that the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions have terminated a Consent Order related to the bank's compliance with the Bank Secrecy Act and anti-money laundering regulations. The termination follows the bank's successful resolution of deficiencies in its compliance program.
Finward Bancorp, the holding company for Peoples Bank, has announced that the Federal Deposit Insurance Corporation (FDIC) and the Indiana Department of Financial Institutions (DFI) have terminated a Consent Order related to the bank's compliance with the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations. The termination follows the bank's successful resolution of deficiencies in its compliance program.The Consent Order, which was effective from November 7, 2023, was issued to address issues with Peoples Bank's BSA and AML compliance programs. The termination of the Consent Order was announced on August 6, 2025, after the bank successfully resolved the identified deficiencies.
Benjamin J. Bochnowski, President and Chief Executive Officer of Finward Bancorp, stated, "We are very pleased to announce the termination of the Consent Order and the successful resolution of this matter. We want to convey our sincere appreciation and thanks to our board of directors, management team, and staff who worked tirelessly to achieve the requirements of the Consent Order, satisfy our regulators’ concerns, and strengthen the BSA/AML compliance program of Peoples Bank." He also thanked the regulatory and supervisory staff at the FDIC and DFI for their diligent efforts and oversight.
About Finward Bancorp
Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana. Its primary activities are 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 Chicagoland. 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.
References:
[1] https://finance.yahoo.com/news/finward-bancorp-announces-termination-consent-200100293.html
[2] https://www.marketscreener.com/news/finward-bancorp-announces-termination-of-consent-order-ce7c5edcd98cf022
[3] https://www.businesswire.com/news/home/20250807200472/en/Finward-Bancorp-Announces-Termination-of-Consent-Order
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