Munster-based NorthWest Indiana Bancorp announced that its board of directors has authorized the bancorp to seek a listing of its common stock on the Nasdaq Stock Market. The bank says it intends to file an application to list its common stock on the Nasdaq by the second quarter of 2021.

NorthWest Indiana Bancorp is the parent of People’s Bank. Last year, the bank received state and federal approval to convert from an Indiana-chartered stock savings bank to an Indiana-chartered commercial bank.

The bank’s common stock currently is quoted on the OTC Pink Marketplace, which is maintained by OTC Markets Group Inc., and on the OTC Bulletin Board, which is maintained by the Financial Industry Regulatory Authority Inc., under the symbol “NWIN.”