Banque Populaire’s parent company to start trading on Nasdaq – WISH-TV | Indianapolis News | Indiana weather
by: Alex Brown, Inside INdiana Business
Posted: / Update:
MUNSTER, Ind. (Inside INdiana Business) – The Munster-based parent company of Peoples Bank has received approval to list its shares on the Nasdaq Capital Market. Finward Bancorp, formerly known as NorthWest Indiana Bancorp, has announced that it will start trading in the market from Wednesday.
Finward filed his Nasdaq listing application in April, shortly after announcing his intention to do so in January. The banking company plans to trade on the market under the symbol “FNWD”. Its shares are currently trading on the OTC pink market until the start of listing on the Nasdaq.
CEO Benjamin Bochnowski said the move to a national stock exchange is a big step for Finward.
“It’s a long-term strategic goal, and I’m proud of what our team has accomplished to get us here,” Bochnowski said in a press release. “We firmly believe that the Nasdaq is the right exchange to enable us to carry out our mission and create value for all of our stakeholders: our customers, our communities, our employees and our shareholders. For our shareholders, trading Finward’s common stock on the Nasdaq Capital Market should improve Bancorp’s visibility with investors, which we believe will serve to broaden our investor base and improve our trading liquidity.
The move caps a big year for the banking company, which announced its rebranding earlier this year, a move that ended in May.