RegulatoryJul 6, 2026, 04:51 PM
Finward Bancorp Subsidiary's Regulatory MOU Terminated
AI Summary
Finward Bancorp announced that the Memorandum of Understanding (MOU) with its wholly-owned subsidiary, Peoples Bank, has been terminated. The MOU, which was with the Federal Deposit Insurance Corporation (FDIC) and the Indiana Department of Financial Institutions (DFI), was originally established on August 9, 2024. The termination was effective immediately following a letter dated June 24, 2026, from the regulatory bodies.
Key Highlights
- Finward Bancorp's subsidiary, Peoples Bank, had its Memorandum of Understanding (MOU) terminated.
- The MOU was with the Federal Deposit Insurance Corporation (FDIC) and the Indiana Department of Financial Institutions (DFI).
- The termination was effective immediately, as of June 24, 2026.
- The original informal administrative agreement (MOU) was entered into on August 9, 2024.
Price Impact
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