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- Memorandum Of Understanding (removed) — The regulatory memorandum of understanding imposed on the bank in August 2024 has been lifted by both the FDIC and Indiana DFI.
FDIC and Indiana DFI lift enforcement action on Finward's bank subsidiary
Filed July 6, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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Federal regulators terminated the memorandum of understanding imposed on Peoples Bank in August 2024, effective immediately as of June 24, 2026, signaling the bank has satisfied regulatory concerns.
Item 8.01 verify on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · Jul 17, 2026 · How we verify