Finward Bancorp Welcomes New Board Members to Drive Growth

Finward Bancorp Strengthens Board with New Appointments

Finward Bancorp, the holding company for Peoples Bank, is excited to announce the recent appointment of three new directors to its board. This strategic move aims to enrich the company’s governance as it navigates the evolving financial landscape. The newly appointed directors—Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke—are set to bring diverse expertise to the board starting from September 9, enhancing the Bancorp's competencies in critical areas.

Introducing the New Directors

Each of the new directors possesses a robust background in the financial industry, ensuring that they contribute effectively to the company's strategic initiatives. Martin P. Alwin is currently a Senior Analyst at PL Capital Advisors, LLC, and boasts extensive experience in investment banking, focusing on mergers and acquisitions. His background in financial strategy positions him well for his role on the Audit Committee.

Martin P. Alwin's Financial Expertise

Before his tenure at PL Capital, Mr. Alwin was a Vice President at Piper Jaffray & Co., overseeing crucial advisory services in the financial sector. He acquired his MBA from the University of Chicago, solidifying his academic foundation in business and finance.

Jennifer R. Evans: A Legal Visionary

Meanwhile, Jennifer R. Evans offers a wealth of knowledge from her previous role as Executive Vice President and General Counsel at PrivateBancorp, Inc. Her experience with regulatory compliance and risk management will prove invaluable as Finward Bancorp strives to maintain high standards in governance. Ms. Evans holds a degree in economics from Brown University and a law degree from Boston University, equipping her with the necessary skills to navigate complex legal landscapes.

Carolyn M. Burke: Financial Leadership

Completing the trio is Carolyn M. Burke, who brings significant financial acumen as the Chief Financial Officer of Exron Capital Inc. With a career that began at KPMG, Ms. Burke has held various leadership roles, including her time at UBS Global Asset Management. Her credentials include an MBA with concentrations in finance and strategy from the University of Chicago, ensuring she brings a strategic approach to her board responsibilities.

Impact on Finward Bancorp's Future

The addition of these talented individuals is a testament to Finward Bancorp's commitment to enhancing its leadership team. Joel Gorelick, chairman of the Board, expressed optimism about the decision, stating that the board conducted extensive due diligence. This strategic move reassures stakeholders of the Bancorp's dedication to achieving its long-term objectives.

Commitment to Growth and Compliance

As the Bank continues its commitment to providing a wide range of financial services, it aims to uphold the highest standards of compliance and governance. The new appointments aim to address vacant directorships while also expanding the overall board size to accommodate increased responsibilities and oversight.

About Finward Bancorp

Finward Bancorp is an independent financial holding company based in Munster, Indiana, focusing on empowering its community through a variety of financial services. With a portfolio that includes personal, business, and wealth management services from 26 locations, Finward is positioned to support the financial needs of its clients effectively. Its common stock is traded on the NASDAQ under the ticker FNWD.

Frequently Asked Questions

What positions have the new directors been appointed to?

The newly appointed directors will serve in various capacities, with Mr. Alwin and Ms. Burke on the Audit Committee and Ms. Evans on the Risk Management and Compliance Committee.

What is the background of Martin P. Alwin?

Martin P. Alwin is a Senior Analyst at PL Capital Advisors and has substantial experience in investment banking, emphasizing mergers and acquisitions.

How does Jennifer R. Evans contribute to the board?

Jennifer R. Evans contributes her extensive legal and regulatory experience gained from her leadership roles in various financial institutions.

What role does Carolyn M. Burke play in Finward Bancorp?

Carolyn M. Burke serves as a new director leveraging her experience as Chief Financial Officer of Exron Capital Inc. and her strong background in financial services.

What is Finward Bancorp's primary business focus?

Finward Bancorp primarily focuses on holding the stock of Peoples Bank, providing a comprehensive range of banking services to the community.

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