Finward Bancorp promotes Todd Scheub to President of Peoples Bank and EVP & Chief Revenue Officer

Finward Bancorp

Todd Scheub appointed President of Peoples Bank and EVP & Chief Revenue Officer effective April 27, 2022.
Scheub previously served as EVP & Chief Banking Officer since 2017; succeeds Ben Bochnowski as Bank President.
Base salary set at $271,000; eligible for annual bonus and equity; granted 1,000 restricted shares vesting in 3 years.
Employment agreement includes 1.5x salary and bonus severance if terminated without cause or for good reason.
Scheub joined Peoples in 1996 and will oversee sales teams, customer relationships, and revenue generation.

item 5.02 item 9.01

Executive movements

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Appointed

Todd M. Scheub

President of the Bank and Executive Vice President & Chief Revenue Officer

FNWD · Finward Bancorp

Effective: 2022-04-27
Filed: April 28, 2022, 7:59 PM ET

the Board of Directors (the “ Board ”) of Finward Bancorp (the “ Bancorp ”) appointed Todd M. Scheub as Executive Vice President & Chief Revenue Officer of the Bancorp, and the board of directors of Peoples Bank (the “ Bank ”), the wholly-owned Indiana chartered commercial bank subsidiary of the Bancorp, appointed Mr. Scheub as President of the Bank, with both appointments becoming effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Todd M. Scheub was appointed as President of the Bank and Executive Vice President & Chief Revenue Officer at Finward Bancorp.

Action: appointed
Role: President of the Bank and Executive Vice President & Chief Revenue Officer

Exact text from the filing

the Board of Directors (the “ Board ”) of Finward Bancorp (the “ Bancorp ”) appointed Todd M. Scheub as Executive Vice President & Chief Revenue Officer of the Bancorp, and the board of directors of Peoples Bank (the “ Bank ”), the wholly-owned Indiana chartered commercial bank subsidiary of the Bancorp, appointed Mr. Scheub as President of the Bank, with both appointments becoming effective immediately.

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Source: SEC EDGAR

accession 0001437749-22-009992

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