Finward closes two branches, reinvesting in digital

Finward Bancorp in Munster, Ind., has closed two branches. 

The $2.1 billion-asset company said in a press release Wednesday that it shuttered the offices on July 1.

Finward did not identify the markets where the branches were located, the restructuring costs or long-term cost savings. 

Finward, which had already closed a branch in 2021, said it is evaluating its remaining 29 branches for future closures, noting that some have “the potential for reducing operating overhead.” 

The company plans to redeploy some of the expense savings into digital channels.