Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - Finward Bancorp | v405088_ex10-1.htm |
| EX-99.1 - EXHIBIT 99.1 - Finward Bancorp | v405088_ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: March 20, 2015
NORTHWEST INDIANA BANCORP
(Exact name of registrant as specified in its charter)
| Indiana | 000-26128 | 35-1927981 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
9204 Columbia Avenue
Munster, Indiana 46321
(Address of principal executive offices) (Zip Code)
(219) 836-4400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01. | Entry into a Material Definitive Agreement |
On March 20, 2015, NorthWest Indiana Bancorp announced that its bank subsidiary, Peoples Bank SB (“Peoples”), signed a definitive agreement (the “Agreement”) to acquire Liberty Savings Bank, FSB (“Liberty”), a federally chartered savings bank based in Whiting, Indiana. Peoples will acquire Liberty by merging Liberty with and into Peoples immediately following Liberty’s voluntary supervisory conversion to stock form. Peoples will not issue or pay any shares, cash, or other consideration in the merger. The Agreement sets forth the terms and conditions of Peoples’ acquisition of Liberty.
The Bank’s acquisition of Liberty is subject to customary closing conditions, including regulatory approvals by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions. No approval of the members of Liberty is required for the transaction.
Peoples and Liberty make certain customary representations and warranties in the Agreement, including representations and warranties by Liberty concerning the assets and liabilities to be transferred to and assumed by Peoples. Those representations and warranties will terminate at the closing.
If the transaction contemplated by the Agreement is not consummated by July 1, 2015, the Agreement will terminate, unless the date is extended by mutual written consent of the parties. The Registrant anticipates that the transaction will close in the third quarter of 2015.
The foregoing description is a summary of the terms and conditions of the Agreement and is qualified in its entirety by reference to the entire Agreement, a copy of which is attached as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 10.1 | Agreement and Plan of Voluntary Supervisory Merger Conversion between Peoples and Liberty dated March 20, 2015 |
| 99.1 | Press Release issued by NorthWest Indiana Bancorp on March 20, 2015 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 20, 2015 | NORTHWEST INDIANA BANCORP | |
| By: | /s/ Benjamin Bochnowski | |
| Name: Benjamin Bochnowski Title: President and Chief Operating Officer | ||
INDEX TO EXHIBITS
| Exhibit | |
| Number | Description |
| 10.1 | Agreement and Plan of Voluntary Supervisory Merger Conversion between Peoples and Liberty dated March 20, 2015 |
| 99.1 | Press Release issued by NorthWest Indiana Bancorp on March 20, 2015 |