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NorthWest Indiana Bancorp sets board size at 11 members

The board of NorthWest Indiana Bancorp has adopted a resolution setting its size at 11 members, effective May 18.

The Munster, Ind.-based company's board also approved several amendments to its bylaws, including requiring shareholders to provide advance notices for proposals to be considered at shareholders' meetings and for director nominations. Other proposals that were approved were those updating the provision of the board's compositions and clarifying the resignation process for directors as well as the provision delineating the process by which the stock of any corporation owned or controlled by Northwest Indiana may be voted.

NorthWest Indiana Bancorp is the holding company of Peoples Bank SB.