SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report: April 18, 2000
NORTHWEST INDIANA BANCORP
(Exact Name of Registrant as Specified in Charter)
Indiana 0-26128 35-1927981
(State or Other
Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
9204 Columbia Avenue
Munster, Indiana 46321
(Address of Principal
Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (219) 836-9690
Item 5. Other Events.
On April 18, 2000, the Registrant's Board of Directors authorized a
stock repurchase program relating to the Registrant's Common Stock, which
is described in the following press release which was issued on April 19,
2000:
"NORTHWEST INDIANA BANCORP COMPLETES SHARE REPURCHASE AND
INITIATES REPURCHASE OF ADDITIONAL SHARES
Munster, Indiana - The NorthWest Indiana Bancorp, the holding company
for Peoples Bank SB, announced today that the Bancorp had completed the
repurchase of 50,000 shares or 1.8% of the outstanding common stock at an
average price of $21.40 per share. The repurchase program was begun in
August, 1999.
The Bancorp also announced that the Board of Directors had authorized
the repurchase of an additional 50,000 shares of common stock or 1.8% of
the outstanding shares.
"The Board continues to review the Bancorp's stock as an attractive
investment at the current prices," said David A. Bochnowski, Chairman and
Chief Executive Officer.
Under the stock repurchase plan the NorthWest Indiana Bancorp will be
able to repurchase shares of its outstanding common stock in the open
market or in privately negotiated transactions at appropriate times to
allow it to enhance earnings per share and manage its capital."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
NORTHWEST INDIANA BANCORP
By /S/ EDWARD J. FURTICELLA
Edward J. Furticella
Vice President,
Chief Financial Officer
and Treasurer
Date: April 19, 2000
