NorthWest Indiana Bancorp and Peoples Bank Announce Executive Changes, Effective January 1, 2021
October 30, 2020 at 04:39 pm EDT
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On October 28, 2020, the Board of NorthWest Indiana Bancorp appointed Robert T. Lowry to the newly-created officer position of Executive
Vice President, Chief Operating Officer of the Bancorp and Bank, effective January 1, 2021. Mr. Lowry currently serves as the Bancorp's Executive Vice President, Chief Financial Officer and Treasurer, a position he has held since November 2004. In his new role, Mr. Lowry will be responsible for managing the overall day-to-day operations of the Bancorp and Peoples Bank. Mr. Lowry is currently serving on the board of the Food Bank of Northwest Indiana as board chairman and chair of the executive committee. On October 28, 2020, the Board appointed Peymon Torabi as the Executive Vice President, Chief Financial Officer and Treasurer of the Bancorp and Bank, effective January 1, 2021. Mr. Torabi currently serves as the Bancorp's Senior Vice President, Controller, a position he has held since 2006. In his new role, Mr. Torabi will be responsible for the finance, accounting, financial reporting, and shareholder services functions of the Bancorp and the Bank. On October 28, 2020, the Board approved Leane E. Cerven, the Bancorp's current Executive Vice President, General Counsel and Corporate Secretary, to assume the newly-created officer position of Chief Risk Officer of the Bancorp and Bank in addition to her current positions, effective January 1, 2021. In her role as Chief Risk Officer, Ms. Cerven will be responsible for all compliance, Bank Secrecy Act, and risk management functions of the Bancorp and the Bank, in addition to all legal and corporate governance functions attendant to her current positions.
Finward Bancorp is the holding company for Peoples Bank, an Indiana-chartered commercial bank (the Bank). The Bank is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single family residences and commercial real estate, as well as, construction loans and various types of consumer loans, commercial business loans and municipal loans, within its primary market areas of Lake and Porter Counties, in Northwest Indiana, and Cook County, Illinois. The Company offers consumer loans to individuals for personal, household or family purposes. Consumer loans are either secured by adequate collateral, or unsecured. In addition, the Company's Wealth Management Group provides estate and retirement planning, custodial services, guardianships, IRA accounts, investment agency accounts, serves as the personal representative of estates, and acts as corporate trustee for revocable and irrevocable trusts.