NorthWest Indiana Bancorp Nets Record Profit
MUNSTER - Munster-based NorthWest Indiana Bancorp, the holding company for Peoples Bank, is reporting record second quarter net income of $4.0 million, compared to $2.5 million during the same period last year.
NorthWest Indiana Bancorp acquired two banks last year AJS Bancorp, Inc. and First Personal Financial Corp., both based in Illinois. Benjamin Bochnowski, president and CEO, said second quarter results are noteworthy because they were free of any merger-related expenses, which were all accrued during the first quarter.
“These results reflect fully integrated operations from all of our acquisitions and organic growth, and demonstrate the value we have been able to create through the execution of our strategic plan,” said Bochnowski.
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