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May 5, 2015
Munster, IN - 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.
American Banker, the leading business management publication and information resource serving the banking and financial services community, ranked community banks with less than $2 billion in assets at December 31, 2014 by their three-year average return on equity (ROE). Peoples Bank was one of only 15 most profitable banks in Indiana among 750 community banks across the country who fit the criteria, and the only community bank in Northwest Indiana to achieve distinction.
David A. Bochnowski, chairman and chief executive officer, views these outcomes as confirmation that the Bank is operating in the best interests of its customers and shareholders. "Our results demonstrate the ability and extraordinary effort of the Peoples team to stay on course strategically and put our customers first," he said. "We've positioned ourselves for growth by adhering to a community bank model and sound banking principles, maintaining strong partnerships with our customers, and by providing long-term value to our stakeholders," Bochnowski added.
About NorthWest Indiana Bancorp
NorthWest Indiana Bancorp is a locally owned and independent bank holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business and wealth management financial services from its 14 locations in Lake and Porter Counties in Northwest Indiana. NorthWest Indiana Bancorp’s common stock is traded on the OTC Bulletin Board under the symbol NWIN. The website ibankpeoples.com provides information on Peoples Bank’s products and services, and NorthWest Indiana Bancorp’s investor relations.
For Further Information
Contact Ben Bochnowski at 219-853-7575
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