Peoples Bank appoints new financial leader

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Benjamin Schmitt was appointed the senior vice president, chief financial officer and treasurer of Finward Bancorp and its subsidiary, Peoples Bank.

Benjamin Bochnowski, CEO of the bancorp and bank, said Schmitt's almost 20 years in investment banking and corporate advisory roles make him an excellent choice for the leadership position.

“The appointment of Mr. Schmitt underscores our commitment to excellence and leadership, and we are excited to welcome him to the team,” said Bochnowski, in a press release. “His skills, industry experience, proven track record, and deep understanding of the financial landscape will strengthen our leadership team. I look forward to working with Ben to achieve sustained growth and success at Finward Bancorp.”

The new role will require Schmitt to create collaborative opportunities for different departments, including finance, accounting, financial reporting and shareholder services.

“Peoples Bank clearly has a longstanding history serving its customers and communities well, and I look forward to working with the leadership team
and fellow colleagues to continue positioning the company for future financial achievements,” Schmitt said.

He mostly recently was the president of Rally Consulting. He also served in various positions at Piper Sandler Companies for 19 years, including managing director.

Schmitt earned a bachelor's degree of business administration in finance from the University of Iowa Tippie College of Business.

Munster-based Finward Bancorp is the financial holding company of Peoples Bank, which has 26 locations in Lake and Porter counties.

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  • Heather Pfundstein

    Linker Media Group

    Heather Pfundstein is the publisher and executive editor of Northwest Indiana Business Magazine and NWIndianaBusiness.com. She is an award-winning journalist with more than 25 years of experience in Northwest Indiana and northern Illinois newsrooms. She earned a Bachelor of Science degree in journalism from Southern Illinois University at Carbondale. She has been part of the magazine's team since 2018.

    View all posts Publisher/Executive Editor
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