Finward Bancorp Chief Risk Officer and General Counsel to Retire in May 2023
06 Enero 2023 - 3:30PM
Finward Bancorp (the “Bancorp”) (Nasdaq: FNWD) announced today,
that effective at the close of business on May 5, 2023, Leane E.
Cerven, Executive Vice President, Chief Risk Officer, General
Counsel, and Corporate Secretary, will be retiring from her role at
the Bancorp and its wholly-owned bank subsidiary, Peoples Bank (the
“Bank”).
Ms. Cerven, who will turn 65 in April, has been employed with
the Bancorp and the Bank since 2010 as General Counsel and
Corporate Secretary. In 2021, Ms. Cerven assumed the position of
Chief Risk Officer of the Bancorp and the Bank in addition to her
other responsibilities. In her current role as Chief Risk Officer,
General Counsel and Corporate Secretary, Cerven oversees the Legal,
Corporate Secretary, Compliance, Fraud, CRA, and Audit functions of
the Bancorp and the Bank. Lynette M. Klemm, the current Director of
Audit for the Bank, will replace Ms. Cerven as the Interim Chief
Risk Officer for the Bancorp and the Bank until such time as a
permanent appointment may be made. Ms. Klemm has worked in Internal
Audit in the banking industry for 34 years. She is a Certified Bank
Auditor, Certified Financial Services Auditor, and Certified Risk
Professional. Bridget Stout, Senior Auditor, will take on the role
as Interim Director of Audit.
“Leane has played an instrumental role in the Bank’s growth
since she joined us over ten years ago,” said Benjamin Bochnowski,
chief executive officer. “Her experience and insight as both Chief
Risk Officer and General Counsel have been invaluable assets for
the Bank for more than a decade. Leane’s work to build a strong
risk management organization will provide for a smooth transition
and will ensure stability for the Bank. While this is part of a
planned transition, we will miss her immensely both personally and
professionally.”
Prior to joining the Bancorp and the Bank, Ms. Cerven was Vice
President and Legal Counsel for Bank One and an Associate Attorney
with Mayer, Brown & Platt. She is licensed to practice law in
Indiana and Illinois. Cerven is a 2014 graduate of the American
Bankers Association Stonier Graduate School of Banking, former
chair of the Stonier Graduate School of Banking Advisory Board, and
a Stonier capstone advisor and facilitator. She is also a former
co-chair of the ABA’s General Counsels Group. She is the president
of the South Shore Arts Board of Directors, Munster, Indiana, and
serves on the Finance Council for St. Thomas More Church, Munster,
Indiana, and on the Bioethics Committees for St. Catherine
Hospital, East Chicago, Indiana and St. Mary Medical Center,
Hobart, Indiana.
About Finward Bancorp
Finward Bancorp is a locally managed and independent financial
holding company headquartered in Munster, Indiana, whose activities
are primarily limited to holding the stock of Peoples Bank. Peoples
Bank provides a wide range of personal, business, electronic and
wealth management financial services from its 29 locations in
Lake and Porter Counties in Northwest Indiana and the Chicagoland
area. Finward Bancorp’s common stock is quoted on the NASDAQ
Capital Market under the symbol FNWD. The website
ibankpeoples.com provides information on Peoples Bank’s products
and services, and Finward Bancorp’s investor relations.
Forward Looking Statements
This press release may contain forward-looking statements
regarding the financial performance, business prospects, growth,
and operating strategies of the Bancorp. For these statements, the
Bancorp claims the protections of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Statements in this communication
should be considered in conjunction with the other information
available about the Bancorp, including the information in the
filings the Bancorp makes with the SEC. Forward-looking statements
provide current expectations or forecasts of future events and are
not guarantees of future performance. The forward-looking
statements are based on management’s expectations and are subject
to a number of risks and uncertainties. Forward-looking statements
are typically identified by using words such as “anticipate,”
“estimate,” “project,” “intend,” “plan,” “believe,” “will” and
similar expressions in connection with any discussion of future
operating or financial performance.
Although management believes that the expectations reflected in
such forward-looking statements are reasonable, actual results may
differ materially from those expressed or implied in such
statements. Risks and uncertainties that could cause actual results
to differ materially include: changes in asset quality and credit
risk; the inability to sustain revenue and earnings growth; changes
in interest rates and capital markets; inflation; customer
acceptance of the Bancorp’s products and services; customer
borrowing, repayment, investment, and deposit practices; customer
disintermediation; the introduction, withdrawal, success, and
timing of business initiatives; competitive conditions; the
inability to realize cost savings or revenues or to implement
integration plans and other consequences associated with mergers,
acquisitions, and divestitures; economic conditions; and the
impact, extent, and timing of technological changes, capital
management activities, and other actions of the Federal Reserve
Board and legislative and regulatory actions and reforms.
Additional factors that could cause actual results to differ
materially from those expressed in the forward-looking statements
are discussed in the Bancorp’s reports (such as the Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports
on Form 8-K) filed with the SEC and available at the SEC’s Internet
website (www.sec.gov). All subsequent written and oral
forward-looking statements concerning the Bancorp or any person
acting on its behalf are expressly qualified in their entirety by
the cautionary statements above. Except as required by law, the
Bancorp does not undertake any obligation to update any
forward-looking statement to reflect circumstances or events that
occur after the date the forward-looking statement is made.
FOR FURTHER INFORMATION
CONTACT BENJAMIN BOCHNOWSKI
(219) 853-7575
Finward Bancorp (NASDAQ:FNWD)
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