Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — NorthWest Indiana Bancorp — Merger or Acquisition (August 2018)
6 slides from Finward Bancorp's merger presentation, Aug 6, 2018
Slide 1: AJS Bancorp, Inc. Acquisition Highlights
AJS BANCORP, INC. ACQUISITION HIGHLIGHTS 1 06 August 2018 Filed by NorthWest Indiana Bancorp pursuant to Rule 425 under the Securities Act of 1933 and deemed filed Pursuant to Rule 14a - 12 of the Securities Exchange Act of 1934 Subject Company: NorthWest Indiana Bancorp Commission File No. 000 - 26
Slide 2: Forward-Looking Statements
Forward - Looking Statements This presentation may contain forward - looking statements regarding the financial performance, business prospects, growth and operating strategies of NorthWest Indiana Bancorp (“NWIN”), as well as those of AJS Bancorp, Inc. (“AJSB”), with which NWIN has entered into a p
Slide 3: Additional Information For Shareholders
Additional Information For Shareholders In connection with the proposed merger, NorthWest Indiana Bancorp (“NWIN”) will file with the SEC a Registration Statement on Form S - 4 that will include a Proxy Statement of AJSB and a Prospectus of NWIN (the “proxy statement/prospectus”) as well as other re
Slide 4: Expanding Chicagoland Presence
Expanding Chicagoland Presence Acquisition of AJS Bancorp, Inc. and subsidiary, A.J. Smith FSB Financially Compelling with Strong Strategic and Cultural Fit • Adds additional scale in south suburban Chicagoland market • Institutions share focus on customers and communities • Strong core deposit fran
Slide 5: Peoples Banking Center Network
Peoples Banking Center Network Projected 22 full - service banking centers 5 1. NWIN branches include three branches in IL acquired in their recently completed acquisition of First Personal Financial Corpo rat ion. 06 August 2018 NorthWest Indiana Bancorp 1 (19) AJS Bancorp, Inc. (3)
Slide 6: Deal Assumptions
Deal Assumptions • 0.8% TBV per share day 1 dilution • Expected 6.0% EPS accretion for 2019 (excluding one - time deal related charges) and 6.4% in 2020 • Approximately 2.2 years TBV per share earn back • 20%+ projected IRR Shareholder Impact • $34.6 million purchase price (55% stock, 45% cash) 1 •
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