Peoples Bank Parent to Begin Trading on Nasdaq
The Munster-based parent of Peoples Bank has received approval to list its stock on the Nasdaq Capital Market. Finward Bancorp, formerly known as NorthWest Indiana Bancorp, says it will begin trading Wednesday.
Finward filed its application to be listed on the Nasdaq in April, shortly after announcing plans to do so in January. The banking company plans to trade on the market under the symbol “FNWD.” Its stock is currently trading under the OTC Pink Marketplace until the Nasdaq listing begins.
Chief Executive Officer Benjamin Bochnowski says moving to a national securities exchange represents a significant corporate milestone for Finward.
“This has been a long-term strategic goal, and I am proud of what our team has accomplished to get us here,” Bochnowski said in a news release. “We firmly believe that the Nasdaq is the right exchange for us to carry out our mission and create value for all of our stakeholders: our customers, our communities, our employees, and our shareholders. For our shareholders, trading Finward’s common stock on the Nasdaq Capital Market should improve the Bancorp’s visibility among investors, which we believe will serve to broaden our investor base and enhance our trading liquidity.”
The move caps off a big year for the banking company, which announced its rebranding earlier this year, a move that was completed in May.