UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On August 7, 2025, Finward Bancorp (the “Bancorp”) announced that on August 6, 2025 the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions terminated the Consent Order issued to Peoples Bank, the wholly-owned Indiana state-chartered commercial bank subsidiary of the Bancorp (the “Bank”), that was effective on November 7, 2023 relating to the Bank’s compliance with the Bank Secrecy Act and its implementing regulations (collectively, the “BSA”). The termination of the Consent Order follows the Bank’s successful resolution of the deficiencies in the Bank’s BSA compliance and anti-money laundering compliance program, which was the subject of the Consent Order.
On August 7, 2025, the Bancorp issued a press release announcing the termination of the Consent Order. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are being furnished with this Current Report on Form 8-K.
| Exhibit No. |
Exhibit | |
| 99.1 | Press Release dated August 7, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Finward Bancorp | ||||||
| Date: August 7, 2025 | ||||||
| By: | /s/ Benjamin L. Schmitt | |||||
| Printed Name: Benjamin L. Schmitt | ||||||
| Title: Executive Vice President, Chief Financial Officer and Treasurer | ||||||