Finward promotes exec to chief revenue officer

Finward Bancorp in Munster, Ind., has promoted an insider to become its chief revenue officer. 

The $2 billion-asset company said in a press release Thursday that Todd Scheub had also become president of its bank. Scheub, who joined Finward in 1996, previously served as the company’s chief banking officer. 

In the new role, Scheub will focus on strengthening existing relationships, building new business and community relationships. He will continue to provide oversight to the bank’s sales teams. 

Schueb “has actively built a high-performing sales team in all of our business units as chief banking officer,” CEO Benjamin Bochnowski said in the release. 

"As president, he will continue to form and enhance these relationships to expand revenue opportunities,” Bochnowski added. Schueb “has the full support of our board to bring customer engagement and our sales team to the next level, and I am excited to be able to work with him in this new role.” 

The promotion comes just days after Finward said it is evaluating its branch network, with the potential of closing 20% of its offices in coming months. The company recently expanded in Chicago with the purchase of Royal Financial.