Legal Proceedings
−Removed: Not applicable
+Added: The Bancorp and its subsidiaries, from time to time, are involved in legal proceedings in the ordinary course of business against its debtors and are defendants in legal actions arising from normal business activities.
+Added: Management, after consultation with legal counsel believes that the ultimate liabilities, if any, resulting from these actions will not have a material adverse effect on the financial position of the Bank or on the consolidated financial position of the Bancorp.
Mine Safety Disclosures
Not applicable
−Removed: Item 4.5 Executive Officers of the Bancorp
+Added: Item 4.5 Information About Our Executive Officers
Pursuant to General Instruction G(3) of Form 10-K, the following information is included as an unnumbered item in this Part I in lieu of being included in the Bancorp’s Proxy Statement for the 2022 Annual Meeting of Shareholders:
1 unchanged sentence
Executive Officer
−Removed: December 31, 2021
Executive Chairman
3 unchanged sentences
Executive Vice President, Chief Risk Officer, General Counsel, Corporate Secretary
−Removed: Executive Vice President, Chief Information and Technology Officer
−Removed: Executive Vice President, Chief Banking Officer
+Added: Executive Vice President, Chief Revenue Officer
The following is a description of the principal occupation and employment of the executive officers of the Bancorp during at least the past five years:
16 unchanged sentences
Bochnowski is the father of Benjamin Bochnowski, the President and Chief Executive Officer of the Bancorp and Bank.
−Removed:          
+Added: As previously disclosed, on January 27, 2023, Mr.
+Added: Bochnowski informed the Board of his decision to retire as Executive Chairman and as a member of the Board effective as of June 30, 2023.
Bochnowski currently serves as President and Chief Executive Officer of the Bancorp.
5 unchanged sentences
Bochnowski volunteers with the Volunteer Income Tax Assistance (VITA) Program for low income individuals, and has been a mentor for the Entrepreneurship Boot Camp for Veterans at Purdue University.
−Removed: Page 43 of 108
Lowry is Executive Vice President, Chief Operating Officer of the Bancorp and the Bank.
−Removed: He is responsible for managing the overall day-to-day operations, which includes transformational change, facilities, credit administration, loan review, as well as loan and deposit operations.
+Added: He is responsible for managing the overall day-to-day operations, which includes transformational change, facilities, commercial credit, as well as loan and deposit operations.
Lowry has been with the Bank since 1985 and has previously served as the Bank’s Chief Financial Officer, Controller, Internal Auditor and Assistant Controller.
2 unchanged sentences
Lowry has taught online courses for the American Bankers Association that focused on capital and liquidity management, interest rate risk and investments.
−Removed: Lowry is currently serving on the board of the Food Bank of Northwest Indiana as board chairman and chair of the executive committee.
+Added: Lowry is currently serving on the board of the Food Bank of Northwest Indiana and is a past board chairman and chair of the executive committee.
In addition, Mr.
Lowry volunteered for the IRS Volunteer Income Tax Assistance (VITA) program.
−Removed: He is a member of the American Institute of Certified Public Accountants, the Indiana CPA Society and the Financial Managers Society.
+Added: He is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.
Torabi is Executive Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank.
19 unchanged sentences
Mary Medical Center, Hobart, Indiana.
−Removed: Leetz is Executive Vice President, Chief Information and Technology Officer of the Bancorp and the Bank.
−Removed: She is responsible for outlining the Bank’s technological vision, collaborating with business partners, ensuring alignment with the business needs, and implementing technology strategy.
−Removed: Leetz joined the Bank in 1994 and has previously served as trust administrator, management development, information systems manager, and chief operating officer.
−Removed: She is a Certified Information Security Manager (CISM) and Certified in Risk and Information Systems Control (CRISC).
−Removed: Leetz holds a Master’s Degree in Business Administration and a Bachelor of Science Degree in Financial Planning from Purdue University.
−Removed: She also graduated from America’s Community Bankers National School of Banking.
−Removed: Leetz currently serves on the Boys and Girls Clubs of Greater Northwest Indiana Board and is involved in other community activities.
−Removed: Scheub is Executive Vice President, Chief Banking Officer of the Bancorp and the Bank.
−Removed: He is responsible for the Bank’s Wealth Management group, Retail Banking group, Marketing, Commercial, and Retail lending groups as well as the management of asset quality in the loan portfolio.
+Added: Scheub is Executive Vice President, Chief Revenue Officer of the Bancorp and the Bank.
+Added: He is responsible for the Bank’s Wealth Management group, Retail Banking group, Marketing, Commercial, and Retail lending groups.
Scheub joined the Bank in 1996 and has previously held positions in the commercial lending group.
5 unchanged sentences
Scheub is a Board Member at Campagna Academy, Lake County Economic Alliance, and the Indiana University Northwest Business School Advisory Board.
−Removed: Page 44 of 108
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.