Press Releases :: Newsroom

NorthWest Indiana Bancorp and AJS Bancorp, Inc. Announce Signing of Definitive Merger Agreement

July 31, 2018

NorthWest Indiana Bancorp (OTC Pink: NWIN) (“NWIN”), the parent of Peoples Bank SB, and AJS Bancorp, Inc. (OTC Pink: AJSB) (“AJSB”) announced today they have executed a definitive merger agreement whereby NWIN will acquire AJSB and its wholly-owned subsidiary, A.J. Smith Federal Savings Bank, of Midlothian, Illinois, in a stock and cash transaction.

NorthWest Indiana Bancorp and Peoples Bank Complete Acquisition of First Personal Financial Corp. and First Personal Bank

July 26, 2018

NorthWest Indiana Bancorp (OTC Pink: NWIN) (“NWIN”), the parent of Peoples Bank SB (“Peoples Bank”), announced today that it has successfully completed the previously announced acquisition of First Personal Financial Corp. (privately held, “First Personal”) and its wholly-owned subsidiary, First Personal Bank, of Orland Park, Illinois, in a stock and cash transaction.

Northwest Indiana Bancorp Announces Earnings For The Six And Three Months Ended June 30, 2018

July 23, 2018

NorthWest Indiana Bancorp (the “Bancorp” or “NWIN”), the holding company for Peoples Bank (the “Bank”), reported an earnings increase of 5.1% for the six months ended June 30, 2018, compared to the same period in 2017.

Peoples Bank, Legacy Foundation Partner to Launch Neighborhood Businesses

June 1, 2018

That philanthropy and economic development can be the twin engines to grow small businesses in Lake County is the basis of a partnership between the Legacy Foundation, Peoples Bank, and Accion.

Valparaiso University Partners with Peoples Bank to Provide Scholarship for Local Students

May 23, 2018

Valparaiso University has partnered with Peoples Bank, one of Northwest Indiana’s most reputable banks, to establish the Peoples Bank Scholarship.

Northwest Indiana Bancorp Announces Quarterly Dividend Increase May 2018

May 21, 2018

On May 18, 2018, the Board of Directors for the NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, declared a $0.01 (one cent) per share increase in its quarterly cash dividend paid to shareholders.

Northwest Indiana Bancorp Announces Increased Earnings For The Three Months Ended March 31, 2018

May 9, 2018

NorthWest Indiana Bancorp (the “Bancorp” or “NWIN”), the holding company for Peoples Bank (the “Bank”), reported an earnings increase of 11.4% for the first three months of 2018, compared to the same period in 2017.

Northwest Indiana Bancorp and First Personal Financial Corp. Announce Signing of Definitive Merger Agreement

February 21, 2018

NorthWest Indiana Bancorp (OTCBB: NWIN) (“NWIN”), the parent of Peoples Bank SB, and First Personal Financial Corp. (privately held, “First Personal”) announced today they have executed a definitive agreement whereby NWIN will acquire First Personal and its wholly-owned subsidiary, First Personal Bank, of Orland Park, Illinois, in a stock and cash transaction.

Northwest Indiana Bancorp Declares First Quarter Dividend 2018

February 16, 2018

NorthWest Indiana Bancorp today announced that the Board of Directors of the Bancorp declared a dividend of $0.29 per share payable on April 6, 2018, with a record date of March 30, 2018.

NorthWest Indiana Bancorp Announces Earnings For The Twelve And Three Months Ended December 31, 2017

January 25, 2018

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the financial holding company for Peoples Bank (the “Bank”), reported earnings of $9.0 million for twelve months ended December 31, 2017, compared to $9.1 million for the twelve months ended December 31, 2016.

Northwest Indiana Bancorp Declares Fourth Quarter Dividend

November 17, 2017

Munster, Indiana - - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.29 per share payable on January 9, 2018, with a record date of December 29, 2017.

Northwest Indiana Bancorp Announces Earnings For The Nine And Three Months Ended September 30, 2017

October 23, 2017

NorthWest Indiana Bancorp (the “Bancorp”), the financial holding company for Peoples Bank (the “Bank”), reported an earnings increase of 3.8% for the nine months ended September 30, 2017, compared to the same period for 2016.

Northwest Indiana Bancorp Declares Third Quarter Divdend

August 25, 2017

NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.29 per share payable on October 5, 2017, with a record date of September 29, 2017.

Northwest Indiana Bancorp Announces Increased Earnings For The Six And Three Months Ended June 30, 2017

July 24, 2017

NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an earnings increase of 7.6% for the six months ended June 30, 2017, compared to the same period for 2016.

Peoples Bank Partners with Legacy Foundation To Provide Scholarships

June 8, 2017

Peoples Bank announced today that they have partnered with the Legacy Foundation, Lake County’s community foundation, to provide scholarships to three high school graduates or students enrolled in a post-secondary accredited college or university either as a full-time or part-time student.

Northwest Indiana Bancorp Announces Quarterly Dividend Increase

May 19, 2017

The NorthWest Indiana Bancorp, the holding company for Peoples Bank, announced today that the Board of Directors has declared a $0.01 (one cent) per share increase in its quarterly cash dividend paid to shareholders.

Peoples Bank Names Todd Scheub Chief Banking Officer;John Diederich Named Executive Advisor

April 28, 2017

Peoples Bank announced today that effective June 5, 2017, Todd Scheub has been promoted to Chief Banking Officer, taking over for John Diederich, current CBO.

Northwest Indiana Bancorp Announces Increased Earnings For The Three Months Ended March 31, 2017

April 26, 2017

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an earnings increase of 2.4% for the quarter ended March 31, 2017, compared to the same period for 2016.

Northwest Indiana Bancorp Declares First Quarter Dividend

February 24, 2017

NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.28 per share payable on April 7, 2017, with a record date of March 31, 2017.

Northwest Indiana Bancorp Announces Record Earnings For 2016

January 26, 2017

NorthWest Indiana Bancorp, the holding company for Peoples Bank, reported an annual earnings increase of 16.4%, as net income totaled $9.1 million for 2016, compared to $7.9 million for 2015.

Robert E. Johnson III Elected to the NorthWest Indiana Bancorp Board of Directors

October 28, 2016

Northwest Indiana Bancorp, the holding company for Peoples Bank, announced that the Board has elected Robert E. Johnson III to the Board of Directors for a term that ends in April 2017.

Northwest Indiana Bancorp Announces Increased Earnings For Nine And Three Months Ended September 30, 2016

October 24, 2016

NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an earnings increase of 17.0% for the nine months ended September 30, 2016, compared to the same period for 2015.

Northwest Indiana Bancorp Announces Increased Earnings For Six And Three Months Ended June 30, 2016

July 25, 2016

NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported earnings increase of 14.9% for the six months ended June 30, 2016, compared to the same period for 2015.

Terry Quinn, Chief Wealth Management Officer, to Retire from Peoples Bank

June 3, 2016

Following a career that has spanned 24 years in the trust and investment industry, Terry Quinn will retire from his position as Chief Wealth Management Officer at Peoples Bank effective Friday, June 3, 2016.

NorthWest Indiana Bancorp Announces Quarterly Dividend Increase

May 20, 2016

Munster, Indiana - - The NorthWest Indiana Bancorp, the holding company for Peoples Bank, announced today that the Board of Directors has declared a $0.01 (one cent) per share increase in its quarterly cash dividend paid to shareholders.

Northwest Indiana Bancorp Announces Increased Earnings For First Quarter

April 26, 2016

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported a first quarter 2016 earnings increase of 16.5% compared to the first quarter of 2015.

Peoples Bank Names Benjamin Bochnowski CEO; David A. Bochnowski to serve as Executive Chairman

February 26, 2016

MUNSTER, IN – The Board of Directors of NorthWest Indiana Bancorp announced today that Benjamin Bochnowski will be named the Chief Executive Officer of the Bancorp and its subsidiary Peoples Bank effective at the annual shareholder meeting on April 28, 2016.

NorthWest Indiana Bancorp Announces Record Earnings for 2015

January 28, 2016

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an annual earnings increase of 6.2%, as net income totaled $7.9 million for 2015, compared to $7.4 million for 2014.

Taxpayers should remain on "High Alert" to IRS Impersonators

January 19, 2016

The Treasury Inspector General for Tax Administration (TIGTA) urged taxpayers to remain on “High Alert” and announced additional outreach efforts to prevent them from falling victim to criminals who impersonate Internal Revenue Service and Treasury employees this filing season.

Northwest Indiana Bancorp Declares Fourth Quarter Dividend

November 20, 2015

NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.27 per share payable on January 6, 2016, with a record date of December 28, 2015.

Increased Earnings Announced for Nine and Three Months Ended September 30, 2015

October 27, 2015

NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported earnings of $5.8 million for the nine months ended September 30, 2015, and earnings of $1.9 million for the three months ended September 30, 2015.

NorthWest Indiana Bancorp Declares Third Quarter Dividend

August 28, 2015

Munster, Indiana - - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.27 per share payable on October 2, 2015, with a record date of September 25, 2015.

NorthWest Indiana Bancorp Announces Increased Earnings for Six and Three Months Ended June 30, 2015

July 31, 2015

Munster, Indiana - NorthWest Indiana Bancorp (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), reported an earnings increase of 4.0% for the six months ended June 30, 2015, compared to the same period for 2014.

Peoples Bank Completes Acquisition of Liberty Savings Bank

July 1, 2015

NorthWest Indiana Bancorp (NWIN.OB), the holding company for Peoples Bank SB, announced today that Peoples Bank has successfully completed the previously announced acquisition of Liberty Savings Bank, FSB (“Liberty”), a federal mutual savings bank headquartered in Whiting, Indiana.

Peoples Bank Recognized Nationally for Performance

May 5, 2015

For the 11th consecutive year, Peoples Bank, along with its parent company Northwest Indiana Bancorp, has been named one of the nation's Top 200 Community Banks for performance as reported in the May 2015 issue of American Banker magazine.

NorthWest Indiana Bancorp Announces Increased Earnings For First Quarter

April 23, 2015

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported a first quarter 2015 earnings increase of 6.8% compared to the first quarter of 2014.

Peoples Bank Signs Definitive Agreement to Acquire Liberty Savings Bank, FSB

March 20, 2015

NorthWest Indiana Bancorp (the "Bancorp"), the holding company for Peoples Bank, announced today that its bank subsidiary, Peoples Bank SB ("Peoples") has signed a definitive agreement to acquire Liberty Savings Bank, FSB ("Liberty"), a federal mutual savings bank headquartered in Whiting, Indiana, by merger. >

John Diederich Celebrates Banking Milestone

March 9, 2015

Munster, IN – John J. Diederich, executive vice president of Peoples Bank and Northwest Indiana Bancorp, recently celebrated 40 years in banking and financial services.

NorthWest Indiana Bancorp Declares First Quarter Dividend

February 27, 2015

Munster, Indiana - NorthWest Indiana Bancorp, the parent company for Peoples Bank, announced that the Board of Directors of the Bancorp declared a dividend of $0.25 per share payable on April 2, 2015, with a record date of March 27th, 2015.

NorthWest Indiana Bancorp Announces Record Earnings For 2014

January 30, 2015

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an annual earnings increase of 3.9%, as net income totaled $7.4 million for 2014, compared to $7.1million for 2013.

Benjamin Bochnowski Appointed President of the Northwest Indiana Bancorp and Peoples Bank

January 15, 2015

Munster, IN - Peoples Bank, and its holding company Northwest Indiana Bancorp, today announced the promotion of Benjamin Bochnowski to president and chief operating officer of the locally managed, independent community bank and the Bancorp.

NWIN Bancorp Declares Fourth Quarter Dividend

November 21, 2014

Munster, Indiana - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.25 per share payable on January 2, 2015, with a record date of December 26, 2014.

Northwest Indiana Bancorp Announces Earnings for Three and Nine Months Ended September 30, 2014

October 22, 2014

Munster, Indiana - NorthWest Indiana Bancorp (the "Bancorp"), the holding company for Peoples Bank (the "Bank), reported earnings of $1.9 million for the three months ended September 30, 2014, and earnings of $5.7 million for the nine months ended September 30, 2014. At September 30, 2014, the Bancorp's assets totaled $781.7 million compared to $693.5 million at December 31, 2013, an increase of $88.3 million or 12.7%.

Information Regarding the Home Depot Data Breach

September 10, 2014

Peoples Bank was recently notified that the nationwide retailer Home Depot experienced a data breach which may have compromised your debit card account between April 11 and September 7, 2014. Home Depot is in no way associated with Peoples Bank, and they have posted a notice on their website at HomeDepot.com to explain what happened in more detail.

NorthWest Indiana Bancorp Declares Third Quarter Dividend

August 29, 2014

Munster, Indiana - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.25 per share payable on October 3, 2014, with a record date of September 26, 2014.

Update on Worldwide Internet Security Issue

August 8, 2014

Update on Worldwide Internet Security Issue

NorthWest Indiana Bancorp Announces Increased Earnings for Three and Six Months Ended June 30, 2014

July 28, 2014

Munster, Indiana - NorthWest Indiana Bancorp (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), reported a second quarter 2014 earnings increase of 14.2%.

NorthWest Indiana Bancorp Announces Stock Repurchase Program

April 25, 2014

Munster, Indiana - NorthWest Indiana Bancorp (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), announced today that the Board of Directors has authorized the repurchase of up to 50,000 shares of the Bancorp's common stock, which represents approximately 1.8% of the total shares outstanding.

Response to the Heartbleed Bug

April 11, 2014

Peoples Bank is aware of the "Heartbleed" Bug. Our Online and Mobile Banking systems have been assessed and have not been compromised.

First Federal Merged with Peoples Bank

April 2, 2014

We're excited to share the news that the merger of First Federal Savings & Loan Association of Hammond with Peoples Bank has received regulatory approval and has been successfully completed.

Peoples Bank Completes Acquisition of First Federal Savings and Loan Association

April 2, 2014

Munster, Indiana - NorthWest Indiana Bancorp (NWIN.OB), the holding company for Peoples Bank SB, announced today that Peoples Bank has successfully completed the previously announced acquisition of First Federal Savings and Loan Association of Hammond ("First Federal"), a federal mutual savings bank headquartered in Hammond, Indiana.

Beware of Fraudulent Text Messages

March 4, 2014

Beware of Fraudulent Text Messages

NorthWest Indiana Bancorp Declares First Quarter Dividend

February 28, 2014

Munster, Indiana - - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.22 per share payable on April 4, 2014, with a record date of March 28, 2014.

NorthWest Indiana Bancorp Announces Record Earnings For 2013

January 31, 2014

Munster, Indiana - NorthWest Indiana Bancorp (The "Bancorp"), the holding company for Peoples Bank ("the Bank"), reported an annual earnings increase of 3.9%, as net income totaled $7.1 million for 2013, compared to $6.9 million for 2012.

Peoples Bank Signs Definitive Agreement

December 20, 2013

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, announced today that its bank subsidiary, Peoples Bank SB (“Peoples”) has signed a definitive agreement to acquire First Federal Savings and Loan Association of Hammond (“First Federal”), a federal mutual savings bank headquartered in Hammond, Indiana, by merger.

NorthWest Indiana Bancorp Declares Fourth Quarter Dividend

November 22, 2013

Munster, IN - NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.22 per share payable on January 3, 2014, with a record date of December 27, 2013.

Northwest Indiana Bancorp Announces Increased Earnings for Nine and Three Months Ended September 30, 2013

October 21, 2013

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported a nine month earnings increase of 10.0%.
Net income totaled $5.8 million for the nine months ended September 30, 2013, compared to $5.2 million for the nine months ended September 30, 2012.

Benjamin Bochnowski Appointed EVP, COO of the NorthWest Indiana Bancorp and Peoples Bank

August 5, 2013

Munster, IN - NorthWest Indiana Bancorp announced today that Benjamin Bochnowski has been named Executive Vice-President and Chief Operating Officer of the Bancorp as well as its operating subsidiary, Peoples Bank.

Danette Garza Elected to the NorthWest Indiana Bancorp Board of Directors

July 29, 2013

Munster, IN - NorthWest Indiana Bancorp, the holding company for Peoples Bank, announced that the Board has elected Danette Garza to the Board of Directors for a term that ends in April, 2014.

Northwest Indiana Bancorp Announces Increased Earnings for Six and Three Months Ended June 30, 2013

July 23, 2013

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a six month earnings increase of 13.6%. Net income totaled $3.4 million for the six months ended June 30, 2013, compared to $3.0 million for the six months ended June 30, 2012.

Northwest Indiana Bancorp Announces Increased Earnings for First Quarter

April 18, 2013

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a first quarter earnings increase of 23.3%. Net income totaled $1.7 million for the three months ended March 31, 2013, compared to $1.4 million for the three months ended March 31, 2012.

NorthWest Indiana Bancorp Declares First Quarter Dividend

February 22, 2013

Munster, Indiana - The NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.19 per share payable on April 5, 2013 with a record date of March 29, 2013.

Northwest Indiana Bancorp Announces Record Earnings For 2012

January 18, 2013

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported an annual earnings increase of 27.3%, as net income totaled $6.9 million for 2012, compared to $5.4 million for 2011. The 2012 net income of $6.9 million exceeds the Bancorp’s prior annual earnings record of $6.7 million.

Peoples Bank Announces Retirement Of President & Chief Administrative Officer Joel Gorelick

October 19, 2012

Munster, IN—Peoples Bank, and its holding company NorthWest Indiana Bancorp, today announced the upcoming retirement of Joel Gorelick, president and chief administrative officer. He will officially retire on January 16, 2013, remaining a member of both boards and providing consulting services to the Bank and the Bancorp.

Northwest Indiana Bancorp Reports Increased Earnings For Three and Nine Months Ended September 30, 2012

October 16, 2012

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a three month increase in earnings of 99.6%, as net income totaled $2.3 million for the three months ended September 30, 2012, compared to $1.1 million for the three months ended September 30, 2011.

Northwest Indiana Bancorp Reports Results for Six and Three Months Ended June 30, 2012

June 30, 2012

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a six month increase in earnings of 4.3%, as net income totaled $3.0 million for the six months ended June 30, 2012, compared to $2.9 million for the six months ended June 30, 2011.

NorthWest Indiana Bancorp Declares Quarterly Dividend Increase

May 25, 2012

Munster, Indiana - The NorthWest Indiana Bancorp, the holding company for Peoples Bank, announced today that the Board of Directors has declared a $0.04 (four cent) per share increase in its quarterly cash dividend paid to shareholders.

Northwest Indiana Bancorp Reports First Quarter Results

April 20, 2012

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a first quarter increase in earnings of 15.5%, as net income totaled $1.4 million for the three months ended March 31, 2012, compared to $1.2 million for the three months ended March 31, 2011.

NorthWest Indiana Bancorp Declares First Quarter Dividend

February 24, 2012

Munster, Indiana - The NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.15 per share payable on April 6, 2012 with a record date of March 30, 2012.

Northwest Indiana Bancorp Reports 2011 Fourth Quarter and Annual Results

January 26, 2012

Munster, Indiana - NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a fourth quarter increase in earnings of 24.0%, as net income totaled $1.4 million for the three months ended December 31, 2011, compared to $1.1 million for the three months ended December 31, 2010.

NorthWest Indiana Bancorp Declares Fourth Quarter Dividend

December 7, 2011

Munster, Indiana---The NorthWest Indiana Bancorp, the parent company for Peoples Bank, today announced that the Board of Directors of the Bancorp declared a dividend of $0.15 per share payable on January 6, 2012 with a record date of December 30, 2011.