Exhibit 5.1
July 18, 2007
Board of Directors
NorthWest Indiana Bancorp
9204 Columbia Avenue
Building B
Munster, IN 46321
Re: Automatic Dividend Reinvestment Plan for NorthWest Indiana Bancorp
Ladies and Gentlemen:
In connection with proposed issuance of up to 200,000 shares of common stock, without par
value (the Common Stock), by NorthWest Indiana Bancorp (the Company) pursuant to the Companys
Automatic Dividend Reinvestment Plan (the Plan), covered by the Companys Form S-3 Registration
Statement filed on or about this date (the Registration Statement), we, as counsel to the
Company, have reviewed:
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(1) |
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the Indiana Business Corporation Law of 1986, as amended; |
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(2) |
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the Companys articles of incorporation; |
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(3) |
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the Companys bylaws; |
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(4) |
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the Plan; |
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(5) |
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the Registration Statement; |
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(6) |
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a copy of a form of Common Stock certificate; and |
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(7) |
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resolutions adopted by the Companys Board of Directors on July 18, 2007,
authorizing the issuance of such securities. |
Based upon such review of the foregoing, it is our opinion that the common stock covered by
the Registration Statement to be issued directly by the Company has been duly authorized and, when
issued and sold pursuant to the terms described in the Registration Statement, will be legally
issued by the Company, fully paid and non-assessable.
We consent to the filing of this opinion as an exhibit to the Registration Statement, and to
the reference to us under the heading Legal Matters in the related Prospectus. In giving this
consent, however, we do not thereby admit that we come within the category of persons whose consent
is required under Section 7 of the Securities Act of 1933, or the Rules and Regulations of the
Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Barnes & Thornburg LLP
Barnes & Thornburg LLP