Legal Proceedings
−Removed: 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.
−Removed: 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.
+Added: The Company 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 Company.
Mine Safety Disclosures
1 unchanged sentence
Item 4.5 Information About Our Executive Officers
−Removed: 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 2023 Annual Meeting of Shareholders:
−Removed: The executive officers of the Bancorp are as follows:
+Added: 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 Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders:
+Added: The executive officers of the Company are as follows:
Executive Officer
1 unchanged sentence
Executive Vice President, Chief Operating Officer
−Removed: Executive Vice President, Chief Revenue Officer of Finward Bancorp, President of Peoples Bank
−Removed: Senior Vice President, Chief Financial Officer and Treasurer
−Removed: 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:
−Removed: Bochnowski currently serves as President and Chief Executive Officer of the Bancorp and the Chief Executive Officer of the Bank.
−Removed: Bochnowski joined the Bancorp in 2010, became Executive Vice President and Chief Operating Officer of the Bancorp in 2013, and was promoted to President and Chief Operating Officer in 2015.
+Added: Executive President, Chief Revenue Officer of
+Added: Finward Bancorp, President of Peoples Bank
+Added: Executive Vice President, Chief Financial Officer, and Treasurer
+Added: The following is a description of the principal occupation and employment of the executive officers of the Company during at least the past five years:
+Added: Bochnowski currently serves as President and Chief Executive Officer of the Company and the Chief Executive Officer of the Bank.
+Added: Bochnowski joined the Company in 2010, became Executive Vice President and Chief Operating Officer of the Company in 2013, and was promoted to President and Chief Operating Officer in 2015.
He became the Chief Executive Officer in 2016.
He was appointed to the Board of the Indiana Department of Financial Institutions by the Governor of Indiana in 2019.
−Removed: He is the Chairman of the Indiana Bankers Association.
−Removed: He also serves as the Chairman of the Board of Directors of One Region, a non-profit business organization focused on population growth, and Allies for Community Business, a community-based micro-lending fund serving Chicago and the surrounding metropolitan area.
−Removed: Lowry is Executive Vice President, Chief Operating Officer of the Bancorp and the Bank.
+Added: He served as the Chairman of the Indiana Bankers Association in 2024.
+Added: He also serves on the Board of Directors of One Region, a non-profit business organization focused on population growth, and Allies for Community Business, a community-based micro-lending fund serving Chicago and the surrounding metropolitan area.
+Added: Lowry is Executive Vice President, Chief Operating Officer of the Company and the Bank.
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, Treasurer, Controller, Internal Auditor and Assistant Controller.
−Removed: Lowry is a Certified Public Accountant (CPA) licensed in Indiana and a Chartered Global Management Accountant (CGMA).
+Added: Lowry is a Certified Public Accountant (inactive) and a Chartered Global Management Accountant.
Lowry holds a Master’s of Business Administration Degree from Indiana University and is a graduate of America’s Community Bankers National School of Banking.
4 unchanged sentences
He is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.
−Removed: Page 49 of 122
−Removed: Scheub is Executive Vice President, Chief Revenue Officer of the Bancorp and President of the Bank.
+Added: Scheub is Executive Vice President, Chief Revenue Officer of the Company and President of the Bank.
He is responsible for the Bank’s Wealth Management group, Retail Banking group, Marketing, Commercial, and Retail lending groups.
6 unchanged sentences
Scheub is a Board Member at Lake County Economic Alliance, and the Indiana University Northwest Business School Advisory Board.
−Removed: Schmitt is Senior Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank.
−Removed: Schmitt joined the Bancorp and Bank in 2024.
+Added: Schmitt is Executive Vice President, Chief Financial Officer and Treasurer of the Company and the Bank.
+Added: Schmitt joined the Company and Bank in 2024.
He previously served as President of Rally Consulting LLC from August 2023 to February 2024, where he advised on special projects and managed strategic efforts of commercial and community banking clients.
5 unchanged sentences
Schmitt received his Bachelor of Business Administration degree in Finance with Honors from the University of Iowa Tippie College of Business.
−Removed: Page 50 of 122
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.