{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-001926","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2022-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:04:10.377334+00:00","generated_at":"2026-06-27T13:54:59.948122+00:00","sec_items":["2.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Finward Bancorp completes $56.7M acquisition of Royal Financial, Inc.","bullets":["Completed acquisition of Royal Financial for ~$56.7M in stock and cash; issued 795,423 shares and paid ~$18.7M cash.","Post-merger pro forma assets ~$2.2B, loans $1.4B, deposits $1.9B; 30 banking centers in Chicagoland.","Robert W. Youman appointed to Finward and Peoples Bank boards; Edward J. Furticella to retire at 2022 annual meeting.","Royal Savings Bank branches to operate under Peoples Bank name after systems integration in April 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-001926","json":"https://secwatch.observer/filing/0001437749-22-001926.json","markdown":"https://secwatch.observer/filing/0001437749-22-001926.md","text":"https://secwatch.observer/filing/0001437749-22-001926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/0001437749-22-001926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/fnwd20220129_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T13:54:59.948122+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":"7dd52c3d7c","claim":"Edward J. Furticella departed as Director at Finward Bancorp.","evidence_excerpt":"On January 28, 2022, Edward J. Furticella notified the board of directors of Finward (the “ Board ”) of his intent to retire from the Board and not to stand for re-election as a Class I director of Finward upon the expiration of his current term, which expires at Finward’s 2022 annual meeting of shareholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/0001437749-22-001926-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d5ab06651f","claim":"Robert W. Youman was appointed as Director at Finward Bancorp.","evidence_excerpt":"Robert W. Youman, a former member of the board of directors of Royal Financial, was appointed to the board of directors of Finward and Peoples Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/0001437749-22-001926-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}