{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-021070","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.287530+00:00","generated_at":"2026-06-06T14:33:11.480968+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Finward Bancorp to sell 5 branch properties for $17.2M in sale-leaseback, lease back for 15 years","bullets":["Purchase price $17.2M for 5 branches; expected closing by third week of Feb 2024.","Net proceeds above book value ~$11.7M; first-year rent ~$1.5M pre-tax, offset by ~$265K depreciation.","Initial 15-year leases with 2% annual rent adjustment; properties in Lake County, IN and Cook County, IL.","Proceeds to be used for general corporate purposes, including potential debt reduction.","No branch closures or market exits planned."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-021070","json":"https://secwatch.observer/filing/0001193125-24-021070.json","markdown":"https://secwatch.observer/filing/0001193125-24-021070.md","text":"https://secwatch.observer/filing/0001193125-24-021070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000119312524021070/0001193125-24-021070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000119312524021070/d748419d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T14:33:11.480968+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7c2bbf01233c6d0cb2bb0213e6c768b48997ec9c","claim":"Finward Bancorp entered into Sale Agreement with MountainSeed Real Estate Services, LLC valued at aggregate purchase price of $17.2 million (effective 2024-01-29).","evidence_excerpt":"On January 29, 2024, Peoples Bank, an Indiana-chartered commercial bank (the “Bank”) and wholly owned subsidiary of Finward Bancorp (the “ Bancorp ,” “ Finward ,” “ we ,” “ us ,” or “ our ”), entered into an agreement for the purchase and sale of property (the “ Sale Agreement ”), with MountainSeed Real Estate Services, LLC (the “ Buyer ”), a Georgia limited liability company, which provides for the sale to the Buyer of 5 properties owned and operated as branch locations by the Bank (the “ Properties ”) for an aggregate purchase price of $17.2 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000119312524021070/0001193125-24-021070-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"MountainSeed Real Estate Services, LLC"},{"label":"Value","value":"aggregate purchase price of $17.2 million"},{"label":"Effective","value":"2024-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}