The order, issued by the Federal Deposit Insurance Corp. and the Indiana Department of Financial Institutions, was tied to Finward’s compliance with the Bank Secrecy Act and related regulations.
“We want to convey our sincere appreciation and thanks to our board of directors, management team, and staff who worked tirelessly to achieve the requirements of the consent order, satisfy our regulators’ concerns, and strengthen the BSA/AML compliance program,” Benjamin Bochnowski, Finward’s president and CEO, said in a press release.
“As a company, we are proud of the hard work and dedication our team has shown throughout this process,” he added. The order’s termination “reflects our ongoing commitment to strong compliance, sound banking practices, and serving our customers with integrity.”