Finward Bancorp in Munster, Ind., has split the roles of chairman and CEO.
The $2.1 billion-asset company disclosed in a regulatory filing that Joel Gorelick had become chairman, succeeding Benjamin Bochnowski, who remains CEO.
Gorelick retired as the company’s president and chief operating officer in January 2013. He has served on the board since 2000.
“The board believes that this leadership structure … is appropriate for the [company] and the bank as it provides an appropriate balance between the two roles,” the filing said.