secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001437749-22-001926
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finward Bancorp completes $56.7M acquisition of Royal Financial, Inc.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/0001437749-22-001926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774922001926/fnwd20220129_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-001926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer