Finward Bancorp regulators end bank MOU

Finward Bancorp reported that regulators have ended an informal oversight agreement affecting its banking subsidiary.

Rhea-AI Filing Summary

Finward Bancorp reported that regulators have ended an informal oversight agreement affecting its banking subsidiary. Peoples Bank, the Bancorp’s wholly owned Indiana-chartered commercial bank, had entered into a memorandum of understanding with the FDIC and the Indiana Department of Financial Institutions on August 9, 2024. By letter dated June 24, 2026, the FDIC and DFI notified the Bank that this memorandum of understanding has been terminated effective immediately.

Insights

Bank regulatory specialist

Regulators ended an informal oversight pact with Finward’s bank unit.

The filing explains that Peoples Bank, Finward Bancorp’s subsidiary, had been operating under an informal memorandum of understanding with the FDIC and the Indiana DFI since August 9, 2024. Such MOUs typically outline areas regulators want improved, without rising to a formal enforcement action.

By letter dated June 24, 2026, the agencies terminated the MOU effective immediately. This indicates the specific administrative agreement is no longer in place, which can simplify supervisory expectations. Investors may look to future company disclosures for details on how regulatory priorities have evolved since the MOU’s termination.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

MOU entry date: August 9, 2024 MOU termination date: June 24, 2026

2 metrics

MOU entry date August 9, 2024 Date Peoples Bank entered memorandum of understanding with FDIC and DFI

MOU termination date June 24, 2026 Date FDIC and DFI notified Peoples Bank of MOU termination

Key Terms

memorandum of understanding, informal administrative agreement, Federal Deposit Insurance Corporation, Indiana Department of Financial Institutions, +1 more

5 terms

memorandum of understanding regulatory

"entered into an informal administrative agreement known as a memorandum of understanding"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

informal administrative agreement regulatory

"entered into an informal administrative agreement known as a memorandum of understanding"

Federal Deposit Insurance Corporation regulatory

"with the Federal Deposit Insurance Corporation (“FDIC”) and the Indiana Department"

A U.S. government agency that insures customer deposits at member banks up to a set limit, acting like a safety net so people don’t lose their cash if a bank fails. It matters to investors because it helps maintain confidence in the banking system, reduces the chance of sudden withdrawals or bank runs, and can influence the stability and share prices of banks and financial markets.

Indiana Department of Financial Institutions regulatory

"FDIC and the Indiana Department of Financial Institutions (“DFI”)"

Item 8.01. Other Events regulatory

"Item 8.01. Other Events As previously disclosed by Finward Bancorp"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What regulatory update did Finward Bancorp (FNWD) disclose in this 8-K?

Finward Bancorp disclosed that regulators terminated a prior memorandum of understanding with its subsidiary, Peoples Bank. The FDIC and Indiana DFI ended this informal administrative agreement by letter dated June 24, 2026, effective immediately.

Which Finward Bancorp subsidiary was subject to the memorandum of understanding?

The memorandum of understanding applied to Peoples Bank, Finward Bancorp’s wholly owned Indiana-chartered commercial bank. This bank had entered the informal administrative agreement with the FDIC and Indiana Department of Financial Institutions on August 9, 2024.

When was the original memorandum of understanding with Finward Bancorp’s bank signed?

The memorandum of understanding was entered into on August 9, 2024. It involved Peoples Bank, the wholly owned banking subsidiary of Finward Bancorp, and was agreed with the FDIC and the Indiana Department of Financial Institutions as an informal administrative agreement.

When did regulators terminate the Finward Bancorp bank memorandum of understanding?

Regulators terminated the memorandum of understanding by letter dated June 24, 2026. The FDIC and Indiana Department of Financial Institutions notified Peoples Bank that the informal administrative agreement was ended effective immediately on that date.

Which regulators were involved in Finward Bancorp’s bank memorandum of understanding?

The memorandum of understanding involved the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions. These two regulators entered into the informal administrative agreement with Peoples Bank and later terminated it effective June 24, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 04:45 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2026

FINWARD BANCORP

(Exact name of registrant as specified in its charter)

Indiana			001-40999			35-1927981
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

9204 Columbia Avenue

Munster, Indiana 46321

(Address of principal executive offices) (Zip Code)

(219) 836-4400

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, no par value			FNWD			The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company          o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          o

Item 8.01.         Other Events

As previously disclosed by Finward Bancorp (the “Bancorp”), on August 9, 2024, Peoples Bank, the wholly-owned Indiana-chartered commercial bank subsidiary of the Bancorp (the “Bank”), entered into an informal administrative agreement known as a memorandum of understanding (the “MOU”) with the Federal Deposit Insurance Corporation (“FDIC”) and the Indiana Department of Financial Institutions (“DFI”). By letter dated June 24, 2026, the FDIC and DFI notified the Bank that the FDIC and DFI have terminated the MOU effective immediately.

SIGNATURE

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.

Date: July 6, 2026

			FINWARD BANCORP
			By:			/s/ Benjamin J. Bochnowski
						Name: Benjamin J. Bochnowski
						Title: President and Chief Executive Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB