<SEC-DOCUMENT>0001144204-18-030004.txt : 20180521
<SEC-HEADER>0001144204-18-030004.hdr.sgml : 20180521
<ACCEPTANCE-DATETIME>20180521130512
ACCESSION NUMBER:		0001144204-18-030004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180518
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180521
DATE AS OF CHANGE:		20180521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHWEST INDIANA BANCORP
		CENTRAL INDEX KEY:			0000919864
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				351927981
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26128
		FILM NUMBER:		18848990

	BUSINESS ADDRESS:	
		STREET 1:		9204 COLUMBIA AVE
		CITY:			MUNSTER
		STATE:			IN
		ZIP:			46321
		BUSINESS PHONE:		219 836-9690

	MAIL ADDRESS:	
		STREET 1:		9204 COLUMBIA AVE
		CITY:			MUNSTER
		STATE:			IN
		ZIP:			46321
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tv494684_8k.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Date of Report: May 18, 2018</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>NORTHWEST
INDIANA BANCORP</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Indiana</FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">000-26128</FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">35-1927981</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(State or other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 4.5in; text-indent: -4.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">9204 Columbia Avenue</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Munster, Indiana 46321</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(219) 836-4400</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Registrant's telephone number, including
area code)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">N/A</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&sect; 230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect; 240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Emerging
growth company </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 2.02.</B></TD><TD><B>Results of Operations and Financial Condition</B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">On May 18, 2018, the Board of Directors for the NorthWest
Indiana Bancorp (the &ldquo;Bancorp&rdquo;), the holding company for Peoples Bank, declared a quarterly dividend of $0.30
(thirty cents), which is a $0.01 (one cent) per share increase in its quarterly cash dividend paid to shareholders. On May
21, 2018, the Bancorp issued a press release reporting the dividend increase. A copy of the press release is filed
as Exhibit&nbsp;99.1 to this report and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.03.</B></TD><TD><B>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">On May 18, 2018, the Bancorp&rsquo;s Board approved amended and
restated by-laws of the Bancorp (the &ldquo;Amended By-Laws&rdquo;) to be effective as of May 18, 2018, to effectuate various updates
to the by-laws and in response to developments in corporate governance law and practice. The material changes included in the Amended
By-Laws accomplish the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Add a definitions and abbreviations section to the by-laws (new Article
I).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Clarify the method in which the Board may fix record dates for shareholders&rsquo;
meetings, permit the electronic submission of proxies and the requirements therefor, and clarify the requirements for shareholders
to participate in meetings by remote communication (Article II, Sections 2.1, 2.8 and 2.11).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expand the by-laws to require shareholders provide advance notice to
the Bancorp of shareholder proposals and other business to be considered at shareholders&rsquo; meetings and advance notice of
shareholder nominations for director elections at annual shareholders&rsquo; meetings, as well as the information required to be
submitted by shareholders in connection with any shareholder proposal or director nomination (new Sections 2.12 and 2.13 of Article
II).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Update the provision governing the composition of the Board by fixing
the number at three or more members, the exact number to be determined from time to time by resolution of the Board, and by clarifying
the process by which a Director may resign (Article III, Section 3.1).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Add a provision delineating the process by which stock of any corporation
owned or controlled by the Bancorp may be voted (new Section 5.4 of Article V).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Update the provisions governing the issuance of share certificates
to permit the issuance of uncertificated shares and address the process for maintaining the records of issuance for uncertificated
shares (Article VI, Section 6.1).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Update and clarify the provisions related to the contents of stock
certificates, the transfers of stock, the maintenance of the Bancorp&rsquo;s stock records, and the process for dealing with lost
or stolen share certificates and uncertificated shares (changes to Article VI, Sections 6.2 through 6.6).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Add a provision delineating the exclusive forum for the adjudication
of certain claims brought against or in the name of the Bancorp, in accordance with Section 23-1-22-2 of the IBCL (new Section
7.4 of Article VII).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The foregoing description of the changes reflected in the Amended
By-Laws is a summary and is qualified in its entirety by reference to the full text of the Amended By-Laws, a copy of which is
attached as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 8.01.</B></TD><TD STYLE="text-align: justify"><B>Other Events.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">On May 18, 2018, in conjunction with the approval of the Amended
By-Laws, the Bancorp&rsquo;s Board of Directors adopted a resolution setting the size of the Board at eleven (11) members.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01.</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(d) <U>Exhibits</U>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exhibit</B></FONT><B><BR>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">No.</FONT></B></TD>
    <TD STYLE="width: 3%; text-align: justify"><B>&nbsp;</B></TD>
    <TD STYLE="width: 84%; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="tv494684_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.1</FONT></A></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="tv494684_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amended and Restated By-Laws of NorthWest Indiana Bancorp (Amended and Restated as of May 18, 2018).</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="tv494684_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">99.1</FONT></A></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="tv494684_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividend Press Release dated May 21, 2018</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">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 hereunto duly authorized.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Date: May 21, 2018</FONT></TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">NORTHWEST INDIANA BANCORP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">/s/ Robert T. Lowry</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Name:</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Robert T. Lowry</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Executive Vice President, Chief</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Financial Officer and Treasurer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in; text-indent: 13.5pt">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">INDEX TO EXHIBITS</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 2%; layout-grid-mode: line"><B>&nbsp;</B></TD>
    <TD STYLE="width: 86%; layout-grid-mode: line"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Number</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><A HREF="tv494684_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.1</FONT></A></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><A HREF="tv494684_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amended and Restated By-Laws of NorthWest Indiana Bancorp (Amended and Restated as of May 18, 2018)</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><A HREF="tv494684_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">99.1</FONT></A></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><A HREF="tv494684_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividend Press Release dated May 21, 2018</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1in">&nbsp;</P>


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<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>tv494684_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5in; text-indent: 0.5in; text-align: right"><B>Exhibit 3.1</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><B>AMENDED AND RESTATED
BY-LAWS</B>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><B>OF</B>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><B>NORTHWEST INDIANA
BANCORP</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><B>(Amended and
Restated as of May 18, 2018)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Article
I</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Definitions
and Abbreviations</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Corporation.
</B>As used in these By-Laws, the term &ldquo;<B><I>Corporation</I></B>&rdquo; means NorthWest Indiana Bancorp.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IBCL.
</B>As used in these By-Laws, the term &ldquo;<B><I>IBCL</I></B>&rdquo; means the Indiana Business Corporation Law, as amended
from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Articles
of Incorporation. </B>As used in these By-Laws, the term &ldquo;<B><I>Articles of Incorporation</I></B>&rdquo; means the Articles
of Incorporation of the Corporation, as amended from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>By-Laws.
</B>As used in these By-Laws, the term &ldquo;<B><I>By-Laws</I></B>&rdquo; means these By-Laws, as amended from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Directors.
</B>As used in these By-Laws, the term &ldquo;<B><I>Directors</I></B>&rdquo; means the members of the Board of Directors of the
Corporation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exchange
Act. </B>As used in these By-Laws, the term &ldquo;<B><I>Exchange Act</I></B>&rdquo; means the Securities Exchange Act of 1934,
as amended.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Article
II</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Meetings
of Shareholders</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Annual
Meetings.</B>&nbsp; The shareholders of the Corporation shall meet at least once each year. The annual meeting of the shareholders
for the election of directors, and for the transaction of such other business as may properly come before the meeting, shall be
held on the date and time to be set by the Board of Directors of the Corporation. Failure to hold the annual meeting at the designated
date and time shall not work any forfeiture or a dissolution of the Corporation and shall not affect the otherwise valid corporate
acts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Special
Meetings. </B>Special meetings of the shareholders of the Corporation may be called at any time by the Board of Directors or the
President and shall be called by the Board of Directors if the Secretary receives written, dated and signed demands for a special
meeting, describing in reasonable detail the purpose or purposes for which it is to be held, from the holders of shares representing
at least 25% of all votes entitled to be cast on any issue proposed to be considered at the proposed special meeting;&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that any such demand(s) delivered to the Secretary at any time at which the Corporation has more than 50 shareholders must be properly
delivered by the holders of shares representing at least 80% of all votes entitled to be cast on any issue proposed to be considered
at the proposed special meeting. If the Secretary receives one or more proper written demands for a special meeting of shareholders,
the Board of Directors may set a record date for determining shareholders entitled to make such demand. The Board of Directors
or the President, as the case may be, calling a special meeting of shareholders shall set the date, time and place of such meeting,
which may be held within or without the State of Indiana.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.
</B>A written notice, stating the date, time and place of any meeting of the shareholders and, in the case of a special meeting,
the purpose or purposes for which such meeting is called, shall be delivered or mailed by the Secretary of the Corporation, to
each shareholder of record of the Corporation entitled to notice of or to vote at such meeting no fewer than 10 nor more than 60
days before the date of the meeting. In the event of a special meeting of shareholders required to be called as the result of a
demand therefor made by shareholders, such notice shall be given no later than the 60th day after the Corporation&rsquo;s receipt
of the demand requiring the meeting to be called. Notice of shareholders&rsquo; meetings, if mailed, shall be mailed, postage prepaid,
to each shareholder at his, her, or its address shown in the Corporation&rsquo;s current record of shareholders. Except as required
by the IBCL, or the Articles of Incorporation, notice of a meeting of shareholders is required to be given only to shareholders
entitled to vote at the meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">A shareholder or his, her, or its proxy may
at any time waive notice of a meeting if the waiver is in writing and is delivered to the Corporation for inclusion in the minutes
or filing with the Corporation&rsquo;s records. A shareholder&rsquo;s attendance at a meeting, whether in person or by proxy, (a)
waives objection to lack of notice or defective notice of the meeting, unless the shareholder or his, her, or its proxy at the
beginning of the meeting objects to holding the meeting or transacting business at the meeting, and (b) waives objection to consideration
of a particular matter at the meeting that is not within the purpose or purposes described in the meeting notice, unless the shareholder
or his, her, or its proxy objects to considering the matter when it is presented. Each shareholder who has, in the manner above
provided, waived notice or objection to notice of a shareholders&rsquo; meeting shall be conclusively presumed to have been given
due notice of such meeting, including the purpose or purposes thereof.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">If an annual or special shareholders&rsquo;
meeting is adjourned to a different date, time or place, notice need not be given of the new date, time or place if the new date,
time or place is announced at the meeting before adjournment, unless a new record date is or must be established for the adjourned
meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Voting.
</B>Except as otherwise provided by the IBCL or the Articles of Incorporation, each share of the capital stock of any class of
the Corporation that is outstanding at the record date established for any annual or special meeting of shareholders and is outstanding
at the time of and represented in person or by proxy at the annual or special meeting shall entitle the record holder thereof,
or his, her, or its proxy, to one vote on each matter voted on at the meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Quorum.
</B>Unless the Articles of Incorporation or the IBCL provide otherwise, at all meetings of shareholders, a majority of the votes
entitled to be cast on a matter, represented in person or by proxy, constitutes a quorum for action on the matter. Action may be
taken at a shareholders&rsquo; meeting only on matters with respect to which a quorum exists;&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that any meeting of shareholders, including annual and special meetings and any adjournments thereof, may be adjourned to a later
date although less than a quorum is present. Once a share is represented for any purpose at a meeting, it is deemed present for
quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be
set for that adjourned meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Vote
Required To Take Action.</B>&nbsp; If a quorum exists as to a matter to be considered at a meeting of shareholders, action on such
matter (other than the election of Directors) is approved if the votes properly cast favoring the action exceed the votes properly
cast opposing the action, except as the Articles of Incorporation or the IBCL require a greater number of affirmative votes. Directors
shall be elected by a plurality of the votes properly cast. Shareholders shall not have the right to cumulate their votes for Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Record
Date. </B>Only such persons shall be entitled to notice of or to vote, in person or by proxy, at any shareholders&rsquo; meeting
as shall appear as shareholders upon the books of the Corporation as of such record date as the Board of Directors shall determine,
which date may not be earlier than the date 70 days immediately preceding the meeting. In the absence of such determination, the
record date shall be the 50th day immediately preceding the date of such meeting. Unless otherwise provided by the Board of Directors,
shareholders shall be determined as of the close of business on the record date.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Proxies.
</B>A shareholder may vote his, her, or its shares either in person or by proxy. A shareholder may appoint a proxy to vote or otherwise
act for the shareholder (including authorizing the proxy to receive, or to waive, notice of any shareholders&rsquo; meeting within
the effective period of such proxy) by signing an appointment form, either personally or by the shareholders&rsquo; attorney-in-fact.
The shareholder also may transmit, or authorize the transmission of, an electronic submission to the holder of the proxy, a proxy
solicitation firm, or a proxy support service organization or similar agency authorized by the person who will be the holder of
the proxy to receive the electronic submission.&nbsp;&nbsp;Such electronic submission shall be accompanied by or contain information
from which it can be determined that the electronic submission was transmitted or authorized by the shareholder. An appointment
of a proxy is effective when received by the Secretary or other officer or agent of the Corporation authorized to tabulate votes
and is effective for 11 months unless a longer period is expressly provided in the appointment form. The proxy&rsquo;s authority
may be limited to a particular meeting or may be general and authorize the proxy to represent the shareholder at any meeting of
shareholders held within the time provided in the appointment form. Subject to the IBCL and to any express limitation on the proxy&rsquo;s
authority appearing on the face of the appointment form, the Corporation is entitled to accept the proxy&rsquo;s vote or other
action as that of the shareholder making the appointment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Removal
of Directors. </B>Any or all of the members of the Board of Directors may be removed, for good cause, only at a meeting of the
shareholders called expressly for that purpose, by the affirmative vote of the holders of outstanding shares representing at least
80% of the votes then entitled to be cast at an election of Directors. Directors may not be removed in the absence of good cause.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Written
Consents. </B>Any action required or permitted to be taken at a shareholders&rsquo; meeting may be taken without a meeting if the
action is taken by all the shareholders entitled to vote on the action. The action must be evidenced by one or more written consents
(which may be in multiple counterparts) describing the action taken, signed by all the shareholders entitled to vote on the action,
bearing the date of signature, and delivered to the Corporation for inclusion in the minutes or filing with the corporate records.
Action taken under this Section 2.10 is effective when the last shareholder signs the consent, unless the consent specifies a different
prior or subsequent effective date, in which case the action is effective on or as of the specified date. Such consent shall have
the same effect as a unanimous vote of all shareholders and may be described as such in any document. If the IBCL or the Articles
of Incorporation or these By-Laws require that notice of proposed action be given to nonvoting shareholders and the action is to
be taken by unanimous consent of voting shareholders, the Corporation shall give its nonvoting shareholders written notice of the
proposed action at least 10 days before the action is taken.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Participation
by Remote Communication. </B>The President or the Board of Directors may permit any or all shareholders to participate in an annual
or special meeting of shareholders by, or through the use of, any means of remote communication, such as, without limitation, conference
telephone, by which all shareholders using the means of remote communication are provided with a reasonable opportunity to participate
in the meeting and to vote on matters submitted to the shareholders, including an opportunity to read or hear the proceedings of
the meeting and communicate with the other persons present at the meeting substantially concurrently with the proceedings. A shareholder
participating in a meeting by such means or remote communication shall be deemed to be present in person at the meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
of Shareholder Business.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any meeting of the shareholders, only such business may be conducted as shall have been properly brought before the meeting, and
as shall have been determined to be lawful and appropriate for consideration by shareholders at the meeting. To be properly brought
before an annual meeting, business must be (i) specified in the notice of meeting given in accordance with Section 2.3 of these
By-Laws, (ii) otherwise properly brought before the meeting by or at the direction of the Board of Directors or the Chairman of
the Board or President, or (iii) otherwise properly brought before an annual meeting by a shareholder who is a shareholder of record
of the Corporation at the time such notice of meeting is delivered, who is entitled to vote at the meeting, and who complies with
the notice procedures set forth in this Section 2.12 (the &ldquo;<B><I>Proposing Shareholder</I></B>&rdquo;). In addition, any
proposal of business must be a proper matter for shareholder action.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
business (including shareholder nominations) to be properly brought before an annual meeting by a shareholder pursuant to Section
2.12(a)(iii) above, the Proposing Shareholder must have given timely notice thereof in writing to the Secretary of the Corporation
even if such matter is already the subject of any notice to the shareholders or public disclosure from the Board of Directors.
To be timely, a Proposing Shareholder&rsquo;s notice must be delivered to or mailed and received at the principal office of the
Corporation, not later than the close of business on the 90<SUP>th</SUP> day nor earlier than the 120<SUP>th</SUP> day prior to
the first anniversary date of the annual meeting for the preceding year; provided, however, if and only if the annual meeting is
not scheduled to be held within a period that commences 30 days before such anniversary date and ends 30 days after such anniversary
date (an annual meeting date outside such period being referred to herein as an &ldquo;<B><I>Other Annual Meeting Date</I></B>&rdquo;),
such shareholder notice shall be given in the manner provided herein by the close of business on the later of the close of business
on the 90<SUP>th</SUP> day prior to such Other Annual Meeting Date, or the close of business on the 10<SUP>th</SUP> day following
the date such Other Annual Meeting Date is first publicly announced or disclosed. A Proposing Shareholder&rsquo;s notice to the
Secretary shall set forth as to each matter such shareholder proposes to bring before the meeting (including shareholder nominations):
(i) a brief description of the business desired to be brought before the annual meeting, including the text of any proposal to
be presented, and the reasons for conducting such business at the annual meeting; (ii) the name and address, as they appear on
the Corporation&rsquo;s stock records, of the Proposing Shareholder; (iii) the class and number of shares of the Corporation which
are owned by the Proposing Shareholder beneficially and of record together with a representation that the Proposing Shareholder
will notify the Corporation in writing of the class and number of such shares owned beneficially and of record for the meeting
promptly following the later of the record date or the date notice of the record date is first publicly disclosed; (iv) a description
of any agreement, arrangement, or understanding with respect to such proposal between or among the Proposing Shareholder and any
of its affiliates or associates, and any others (including their names) acting in concert with any of the foregoing together with
a representation that the Proposing Shareholder will notify the Corporation in writing of any such agreement, arrangement, or understanding
in effect as of the record date for the meeting promptly following the later of the record date or the date notice of the record
date is first publicly disclosed; (v) a description of any agreement, arrangement, or understanding (including any derivative or
short positions, profit interests, options, hedging transactions, and borrowed or loaned shares) that has been entered into as
of the date of the Proposing Shareholder&rsquo;s notice by, or on behalf of, the Proposing Shareholder or any of its affiliates
or associates, the effect or intent of which is to mitigate loss to, manage risk, or benefit of share price changes for, or increase
or decrease the voting power of, the Proposing Shareholder or any of its affiliates or associates with respect to shares of stock
of the Corporation, together with a representation that the Proposing Shareholder will notify the Corporation in writing of any
such agreement, arrangement, or understanding in effect as of the record date for the meeting promptly following the later of the
record date or the date notice of the record date is first publicly disclosed; (vi) a representation that the Proposing Shareholder
is a holder of record of shares of the Corporation entitled to vote at the meeting and intends to appear in person or by proxy
at the meeting to present the proposal contained in the notice; (vii) a representation whether the Proposing Shareholder intends
to deliver a proxy statement and/or form of proxy to holders of at least the percentage of the Corporation&rsquo;s outstanding
capital stock required to approve the proposal and/or otherwise to solicit proxies from shareholders in support of such proposal;
and (viii) any other information relating to such shareholder and beneficial owner, if any, on whose behalf the proposal is being
made, required to be disclosed in a proxy statement or other filings required to be made in connection with solicitations of proxies
for the proposal and pursuant to and in accordance with Section 14(a) of the Exchange Act and the rules and regulations promulgated
thereunder.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
such business shall be brought before a special meeting of shareholders as shall have been specified in the notice of meeting given
in accordance with Section 2.3 of these By-Laws (other than matters properly brought under Rule 14a-8 or Rule 14a-11 under the
Exchange Act). In no event shall the adjournment of an annual meeting or special meeting, or any announcement thereof, commence
a new period for the giving of a shareholder&rsquo;s notice as provided in this Section 2.12. Notwithstanding anything in these
By-Laws to the contrary, no business shall be conducted at a meeting except in accordance with the procedures set forth in this
Section 2.12. The person presiding at the meeting shall, if the facts warrant, determine and declare to the meeting that business
was not properly brought before the meeting in accordance with these By-Laws, or that business was not lawful or appropriate for
consideration by shareholders at the meeting, and if he or she should so determine, he or she shall so declare to the meeting and
any such business shall not be transacted.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
of Shareholder Nominees for Director. </B>Nominations of persons for election to the Board of Directors may be made at any annual
meeting of shareholders by or at the direction of the Board of Directors or by a Proposing Shareholder entitled to vote for the
election of Directors at the meeting (the &ldquo;<B><I>Nominating Shareholder</I></B>&rdquo;). Such shareholder nominations shall
be made pursuant to timely notice given in writing to the Secretary of the Corporation in accordance with Section 2.12 of these
By-Laws. The Nominating Shareholder&rsquo;s notice shall set forth, in addition to the information required by Section 2.12, as
to each person whom the Nominating Shareholder proposes to nominate for election or re-election as a Director, (i) the name, age,
business address, and residence address of such person; (ii) the principal occupation or employment of such person; (iii) the class
and number of shares of the Corporation which are beneficially owned by such person; (iv) any other information relating to such
person that is required to be disclosed in solicitation of proxies for election of Directors, or is otherwise required, in each
case pursuant to Regulation 14A under the Exchange Act (including without limitation such person&rsquo;s written consent to being
named in the proxy statement as a nominee and to serving as a Director if elected); and (v) the qualifications of the nominee to
serve as a Director of the Corporation. In the event the Board of Directors or the President calls a special meeting of shareholders
for the purpose of electing one or more Directors to the Board of Directors, any shareholder may nominate a person or persons (as
the case may be) for election to such position(s) as specified in the notice of meeting, if the shareholder&rsquo;s notice of such
nomination contains the information specified in this Section 2.13 and shall be delivered to the Secretary of the Corporation not
later than the close of business on the 10<SUP>th</SUP> day following the day on which the date of the special meeting and either
the names of the nominees proposed by the Board of Directors to be elected at such meeting or the number of Directors to be elected
are publicly announced or disclosed. In no event shall the adjournment of an annual meeting or special meeting, or any announcement
thereof, commence a new period for the giving of a shareholder&rsquo;s notice as provided in this Section 2.13. No shareholder
nomination shall be effective unless made in accordance with the procedures set forth in this Section 2.13. The person presiding
at the meeting shall, if the facts warrant, determine and declare to the meeting that a shareholder nomination was not made in
accordance with these By-Laws, and if he or she should so determine, he or she shall so declare to the meeting and the defective
nomination shall be disregarded.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Article
III</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Directors</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Number
and Terms. </B>The business and affairs of the Corporation shall be managed under the direction of a Board of Directors. The Board
of Directors shall consist of three or more members, the number thereof to be determined from time to time by resolution of the
Board of Directors. The Directors shall be divided into three classes, with each class containing Directors as nearly equal in
number as the then total number of Directors constituting the entire Board of Directors permits, with the term of office of one
class expiring each year. At each annual meeting of shareholders, the Directors chosen to succeed those whose terms then expire
shall be identified as being of the same class as the Directors they succeed and shall be elected for a term expiring at the third
succeeding annual meeting of shareholders. If the number of Directors is changed, any increase or decrease in the number of Directors
shall be apportioned among the three classes so as to make all classes as nearly equal in number as possible.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Despite the expiration of a Director&rsquo;s
term, the Director shall continue to serve until his or her successor is elected and qualified, or until the earlier of his or
her death, resignation, disqualification, or removal, or until there is a decrease in the number of Directors. Any Director may
resign at any time by giving written notice to the Board of Directors, the Chairman of the Board, the President, or the Secretary.&nbsp;&nbsp;Any
such resignation shall take effect when delivered unless the notice specifies a later effective date.&nbsp;&nbsp;Unless otherwise
specified in the notice, the acceptance of such resignation shall not be necessary to make it effective. Any vacancy occurring
in the Board of Directors, from whatever cause arising, shall be filled by selection of a successor by a majority vote of the remaining
members of the Board of Directors (although less than a quorum); provided, however, that if such vacancy or vacancies leave the
Board of Directors with no members or if the remaining members of the Board are unable to agree upon a successor or determine not
to select a successor, such vacancy may be filled by a vote of the shareholders at a special meeting called for that purpose or
at the next annual meeting of shareholders. The term of a Director elected or selected to fill a vacancy shall expire at the end
of the term for which such Director&rsquo;s predecessor was elected.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">The Directors and each of them shall have
no authority to bind the Corporation except when acting as the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Quorum
and Vote Required To Take Action. </B>A majority of the whole Board of Directors shall be necessary to constitute a quorum for
the transaction of any business except the filling of vacancies. If a quorum is present when a vote is taken, the affirmative vote
of a majority of the Directors present shall be the act of the Board of Directors, unless the act of a greater number is required
by the IBCL, the Articles of Incorporation, or these By-Laws.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Regular
Meetings. </B>Regular meetings of the Board of Directors shall be held on such dates, at such times, and at such places as shall
be fixed by resolution adopted by the Board of Directors and specified in a notice of each such regular meeting, or otherwise communicated
to the Directors. The Board of Directors may at any time alter the date for the next regular meeting of the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Special
Meetings. </B>Special meetings of the Board of Directors may be called by any member of the Board of Directors upon not less than
24 hours&rsquo; notice given to each Director of the date, time, and place of the meeting, which notice need not specify the purpose
or purposes of the special meeting. Such notice may be communicated in person (either in writing or orally), by telephone, email,
or other form of wire or wireless communication, or by mail, and shall be effective at the earlier of the time of its receipt or,
if mailed, five days after its mailing. Notice of any meeting of the Board of Directors may be waived in writing at any time if
the waiver is signed by the Director entitled to the notice and is filed with the minutes or corporate records of the Corporation.
A Director&rsquo;s attendance at or participation in a meeting waives any required notice to the Director of the meeting, unless
the Director at the beginning of the meeting (or promptly upon the Director&rsquo;s arrival) objects to holding the meeting or
transacting business at the meeting and does not thereafter vote for or assent to action taken at the meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Written
Consents. </B>Any action required or permitted to be taken at any meeting of the Board of Directors may be taken without a meeting
if the action is taken by all members of the Board of Directors. The action must be evidenced by one or more written consents describing
the action taken, signed by each Director, and included in the minutes or filed with the corporate records reflecting the action
taken. Action taken under this Section 3.5 is effective when the last Director signs the consent, unless the consent specifies
a different prior or subsequent effective date, in which cases the action is effective on or as of the specified date. A consent
signed under this Section 3.5 shall have the same effect as a unanimous vote of all members of the Board of Directors and may be
described as such in any document.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Participation
by Conference Telephone. </B>The Board of Directors may permit any or all Directors to participate in a regular or special meeting
by, or through the use of, any means of communication, such as, among others, conference telephone, by which all Directors participating
may simultaneously hear each other during the meeting. A Director participating in a meeting by such means shall be deemed to be
present in person at the meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Committees.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors may create one or more committees and appoint members of the Board of Directors to serve on them, by resolution
of the Board of Directors adopted by a majority of all the Directors in office when the resolution is adopted. Each committee may
have one or more members, and all the members of a committee shall serve at the pleasure of the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent specified by the Board of Directors in the resolution creating a committee, each committee may exercise all of the authority
of the Board of Directors;&nbsp;<U>provided</U>,&nbsp;<U>however</U>, that a committee may not:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorize
dividends or other distributions, except a committee may authorize or approve a reacquisition of shares if done according to a
formula or method, or within a range, prescribed by the Board of Directors;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;approve
or propose to shareholders action that is required by the IBCL, the Articles of Incorporation, or these By-Laws to be approved
by shareholders;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fill
vacancies on the Board of Directors or on any of its committees;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
to the extent permitted by clause (7) of this subsection, amend the Articles of Incorporation under Section 23-1-38-2 of the IBCL;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adopt,
amend, or repeal provisions of these By-Laws;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;approve
a plan of merger not requiring shareholder approval; or</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorize
or approve the issuance or sale or a contract for sale of shares of the Corporation, or determine the designation and relative
rights, preferences, and limitations of a class or series of shares of the Corporation, except the Board of Directors may authorize
a committee to take action described in this clause (7) within limits prescribed by the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
to the extent inconsistent with the resolutions creating a committee, Sections 3.1 through 3.6 of these By-Laws, which govern meetings,
action without meetings, notice and waiver of notice, quorum and voting requirements, and telephone participation in meetings of
the Board of Directors, apply to each committee and its members as well.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Election
Not to be Governed by Ind. Code Section 23-1-33-6(c).</B> The Corporation shall not be governed by any of the provisions set forth
in Section 23-1-33-6(c) of the IBCL.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Article
IV</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Officers</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Designation,
Selection, and Terms. </B>The officers of the Corporation shall consist of the President, the Chief Financial Officer, the Treasurer,
and the Secretary. The Board of Directors may also designate a Chairman of the Board, and may designate any such Chairman of the
Board as an officer of the Corporation. The President shall be the chief executive officer of the Corporation unless the Board
of Directors designates the Chairman of the Board as the chief executive officer. The Board of Directors may also elect such Vice
Presidents, Assistant Secretaries, Assistant Treasurers, and such other officers or assistant officers as it may from time to time
determine by resolution creating the office. The officers of the Corporation shall be elected by the Board of Directors and need
not be selected from among the members of the Board of Directors, except for Chairman of the Board, if any, and the President who
shall be members of the Board of Directors. Any two or more offices may be held by the same person. All officers shall serve at
the pleasure of the Board of Directors and shall have such authority and perform such duties as the Board of Directors may from
time to time authorize or determine. In the absence of action by the Board of Directors, the officers shall have such authority
and duties as generally appertain to their respective offices. The election or appointment of an officer does not itself create
contract rights.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Removal;
Vacancies. </B>The Board of Directors may remove any officer, at any time with or without cause. Vacancies in such offices, however
occurring, may be filled by the Board of Directors at any meeting of the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Remuneration.
</B>The Board of Directors may, at its discretion from time to time, fix the remuneration of any officer by resolution included
in the minutes of the proceedings of the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Article
V</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Execution
of Documents; Loans; Checks</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Execution
of Documents.</B>&nbsp; The Board of Directors may authorize any officer or employee to sign, in the Corporation&rsquo;s name,
any deed, lease, contract, or other document, and such authority may be general or confined to specific instances. In the absence
of any such authorization, the President shall have the authority to sign any such document that has been approved by the Board
of Directors, unless specifically directed otherwise by the Board of Directors or otherwise provided herein or in the Articles
of Incorporation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Loans.
</B>Such of the officers of the Corporation as shall be designated from time to time by resolution adopted by the Board of Directors
and included in the minutes of the proceedings of the Board of Directors shall have the power, with such limitations thereon as
may be fixed by the Board of Directors, to borrow money in the Corporation&rsquo;s behalf, to establish credit, to discount bills
and papers, to pledge collateral, and to execute such notes, bonds, debentures, or other evidences of indebtedness, and such mortgages,
trust indentures, and other instruments in connection therewith, as may be authorized from time to time by such Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Checks.
</B>All checks, drafts, or other orders for payment of money shall be signed in the name of the Corporation by such officers or
persons as shall be designated from time to time by resolution adopted by the Board of Directors and included in the minutes book
of the Corporation; and in the absence of such designation, such checks, drafts, or other orders for payment shall be signed by
either the President, Chief Financial Officer, or the Treasurer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Section 5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Voting
of Stock of Other Corporations. </B>Subject always to the further orders and directions of the Board of Directors, any share of
stock issued by any other corporation and owned or controlled by the Corporation (an &ldquo;<B><I>Investment Share</I></B>&rdquo;)
may be voted at any shareholders&rsquo; meeting of such other corporation by the President or his or her designee.&nbsp;&nbsp;Whenever,
in the judgment of the President, it is desirable for the Corporation to execute a proxy or give a shareholder&rsquo;s consent
in respect of any Investment Share, such proxy or consent shall be executed in the name of the Corporation by the President, and,
when necessary or required, shall be attested by the Secretary either with or without affixing thereto the seal of the Corporation
(if one exists).&nbsp;&nbsp;Any person or persons designated in the manner above stated as the proxy or proxies of the Corporation
shall have full right, power, and authority to vote an Investment Share the same as such Investment Share might be voted by the
Corporation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Article
VI</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>Stock</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Certificates
for Shares; Uncertificated Shares. </B>The shares of capital stock of the Corporation may be represented by certificates, or may
be represented in uncertificated form evidenced by a book-entry system maintained by the registrar or other transfer agent of such
stock for the purpose of, among other things, allowing such shares to be transferred, traded, or otherwise delivered pursuant to
the Depository Trust Company&rsquo;s direct registration system and to otherwise be &ldquo;DRS eligible.&rdquo; If shares are represented
by certificates, such certificates shall be in the form approved by the Board of Directors. Certificates for shares of the capital
stock of the Corporation shall be signed by the Chairman, or in his absence or unavailability, the President, and by the Secretary
and the seal of the Corporation (or a facsimile thereof), if any, may be thereto affixed. Where any such certificate is also signed
by a transfer agent or a registrar, or both, the signatures of the officers of the Corporation may be facsimiles. The Corporation
may issue and deliver any such certificate notwithstanding that any such officer who shall have signed, or whose facsimile signature
shall have been imprinted on, such certificate shall have ceased to be such officer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Secretary shall
ensure that records of issuance of all uncertificated shares and the transfer, exchange, conversion, surrender, or redemption thereof,
shall be maintained at all times by the duly appointed transfer agent or agents of the Corporation, through a direct registration
system or other book-entry record keeping system as the Secretary may approve.&nbsp; Any direction of the Board of Directors that
any shares of any class or series shall be issued in uncertificated form shall not affect shares already represented by certificates
until they are surrendered to the Corporation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Contents
of Stock Certificates. </B>Each certificate representing capital stock of the Corporation, if any, shall state on its face the
name of the Corporation and that it is organized under the laws of the State of Indiana, the name of the person to whom it is issued,
and the number and class of shares and the designation of the series, if any, the certificate represents, and shall state conspicuously
on its front or back that the Corporation will furnish the shareholder, upon the shareholder&rsquo;s written request and without
charge, a summary of the designations, relative rights, preferences, and limitations applicable to each and the variations in rights,
preferences, and limitations determined for each series (and the authority of the Board of Directors to determine variations for
future series).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Transfers
of Stock.</B>&nbsp; Except as otherwise provided by law or by resolution of the Board of Directors, transfers of shares of the
capital stock of the Corporation shall be made only on the books of the Corporation by the holder thereof, or by such holder&rsquo;s
duly authorized attorney, or by transfer agents designated to transfer shares of stock of the Corporation, on payment of all taxes
thereon, and, in the case of certificated shares, the surrender for cancellation of the certificate or certificates for such shares
(except as hereinafter provided in the case of loss, destruction, or mutilation of certificates) properly endorsed by the holder
thereof or accompanied by the proper evidence of succession, assignment, or authority to transfer, and delivered to the Secretary
or the designated transfer agents.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Stock
Transfer Records. </B>There shall be entered upon the stock records of the Corporation the number of each certificate issued, if
applicable, the number, kind, and class of shares issued, the name and address of the registered holder of such shares, the date
of issue, whether the shares are originally issued or transferred, the registered holder from whom transferred, and such other
information as is commonly required to be shown by such records. The stock records of the Corporation shall be kept at its principal
office, unless the Corporation appoints a transfer agent or registrar, in which case the Corporation&rsquo;s stock records may
be kept in written form or in any other form that can be converted within a reasonable time into written form for visual inspection.
The original or a duplicate of the stock records of the Corporation shall be kept at the offices of the Corporation&rsquo;s transfer
agent, if appointed, for each class of stock identified by the Corporation the records of which are to be maintained by the transfer
agent, or, if no transfer agent has been appointed, at the principal executive office of the Corporation. Such stock records shall
include a complete and accurate shareholders&rsquo; list giving the names and addresses of all shareholders and the number and
class of shares held by each. If a transfer agent is appointed by the Corporation, shareholders shall give written notice of any
changes in their addresses from time to time to the transfer agent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Transfer
Agents and Registrars. </B>The Board of Directors may appoint one or more transfer agents and one or more registrars and may require
each stock certificate to bear the signature of either or both.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Loss,
Destruction, or Mutilation of Certificates. </B>The holder of any shares of the capital stock of the Corporation shall immediately
notify the Corporation of any loss, destruction, or mutilation of the certificate therefor, and the Board of Directors may, in
its discretion, cause to be issued to such shareholder (a) a new certificate or certificates of stock, or (b) uncertificated shares
in place of any certificate or certificates previously issued by the Corporation, upon the surrender of the mutilated certificate,
or, in the case of loss or destruction, upon satisfactory proof of such loss or destruction. The Board of Directors may, in its
discretion, require the holder of the lost or destroyed certificate or such holder&rsquo;s legal representative to give the Corporation
a bond in such sum and in such form, and with such surety or sureties as it may direct, to indemnify the Corporation, its transfer
agents, and registrars, if any, against any claim that may be made against them or any of them with respect to the capital stock
represented by the certificate or certificates alleged to have been lost or destroyed, but the Board of Directors may, in its discretion,
refuse to issue a new certificate or certificates or uncertificated shares, save upon the order of a court having jurisdiction
in such matters.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Article
VII</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Miscellaneous</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IBCL.</B>
The provisions of the IBCL applicable to all matters relevant to, but not specifically covered by, these By-Laws are hereby, by
reference, incorporated in and made a part of these By-Laws.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fiscal
Year. </B>The fiscal year of the Corporation shall end on the 31st of December of each year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Redemption
of Shares Acquired in Control Share Acquisitions. </B>If and whenever the provisions of Indiana Code 23-1-42 apply to the Corporation,
any or all control shares acquired in a control share acquisition shall be subject to redemption by the Corporation, if either:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no
acquiring person statement has been filed with the Corporation with respect to such control share acquisition in accordance with
Indiana Code Section 23-1-42-6; or</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
control shares are not accorded full voting rights by the Corporation&rsquo;s shareholders as provided in Indiana Code Section
23-1-42-9.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">A redemption pursuant to Section 7.3(a) above
may be made at any time during the period ending 60 days after the last acquisition of control shares by the acquiring person.
A redemption pursuant to Section 7.3(b) above may be made at any time during the period ending two years after the shareholder
vote with respect to the granting of voting rights to such control shares. Any redemption pursuant to this Section 7.3 shall be
made at the fair value of the control shares and pursuant to such procedures for redemption as may be set forth in these By-Laws
or adopted by resolution of the Board of Directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">As used in this Section 7.3, the terms &ldquo;control
shares,&rdquo; &ldquo;control share acquisition,&rdquo; &ldquo;acquiring person statement,&rdquo; and &ldquo;acquiring person&rdquo;
shall have the meanings ascribed to such terms in Indiana Code 23-1-42.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exclusive
Forum for Certain Claims.</B> Unless the Corporation consents in writing to the selection of an alternative forum, the Circuit
or Superior Courts of Lake County, State of Indiana, or the United States District Court in the Northern District of Indiana in
a case of pendent jurisdiction, shall be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf
of the Corporation, (ii) any action asserting a claim for breach of fiduciary duty owed by any Director, officer, employee, or
agent of the Corporation to the Corporation or the Corporation&rsquo;s shareholders, (iii) any action asserting a claim arising
pursuant to any provision of the IBCL, the Articles of Incorporation, or these By-Laws, or (iv) any action asserting a claim governed
by the internal affairs doctrine, in each case subject to such court having personal jurisdiction over the indispensable parties
named as defendants therein.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Section 7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Amendments.
</B>These By-Laws may be rescinded, changed or amended, and provisions hereof may be waived, at any meeting of the Board of Directors
by the affirmative vote of a majority of the entire number of Directors at the time, except as otherwise required by the Articles
of Incorporation or by the IBCL.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tv494684_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>FOR IMMEDIATE RELEASE</B></FONT></TD>
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>FOR FURTHER INFORMATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>May 21, 2018</B></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>CONTACT BENJAMIN BOCHNOWSKI</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(219) 853-7575</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">NORTHWEST INDIANA BANCORP</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">ANNOUNCES QUARTERLY DIVIDEND INCREASE</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; text-indent: 9pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in"><B>Munster, Indiana &mdash; </B>On May
18, 2018, the Board of Directors for the NorthWest Indiana Bancorp (the &ldquo;Bancorp&rdquo;), the holding company for
Peoples Bank, declared a $0.01 (one cent) per share increase in its quarterly cash dividend paid to shareholders.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">The Bancorp&rsquo;s new quarterly dividend
of $0.30 (thirty cents) per share represents a 3.5% increase over the previous dividend of $0.29 (twenty-nine cents) per share.
The dividend will be paid to shareholders of record as of June 29, 2018 with payment made on July 11, 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;Northwest Indiana Bancorp and
our subsidiary, Peoples Bank, continue to meet expectations to create value for our customers, communities, and stakeholders. The consistency of our financial performance allows our directors to increase our dividend as we share the benefits of our performance
with our shareholders. The execution of our community bank strategic plan also provides the capital for growth through acquisitions
as well as the expansion of our existing customer base,&rdquo; said David A. Bochnowski, executive chairman.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>About NorthWest Indiana Bancorp</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">NorthWest Indiana Bancorp is a locally managed
and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding
the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial
services from its 16 locations in Lake and Porter Counties in Northwest Indiana. NorthWest Indiana Bancorp&rsquo;s common stock
is traded on the OTC Bulletin Board under the symbol NWIN. The website ibankpeoples.com provides information on Peoples Bank&rsquo;s
products and services, and NorthWest Indiana Bancorp&rsquo;s investor relations.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Forward Looking Statements</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;Forward-looking statements&rdquo;
as defined in the Private Securities Litigation Reform Act of 1995 may be included in this release. A variety of factors could
cause the Bancorp&rsquo;s actual results to differ from those expected at the time of this release. These include, but are not
limited to, changes in economic conditions in the Bancorp&rsquo;s market area, changes in policies by regulatory agencies, fluctuation
in interest rates, demand for loans in the Bancorp&rsquo;s market area, economic conditions in the financial services industry,
the Bancorp&rsquo;s ability to successfully integrate the operations of recently acquired institutions, competition and other risks
set forth in the Bancorp&rsquo;s reports filed with the Securities and Exchange Commission, including its Annual Report on Form
10-K for the year ended December 31, 2017. Readers are urged to carefully review and consider the various disclosures made by the
Bancorp in its periodic reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of
the date they are made, and the Bancorp undertakes no obligation to update them in light of new information or future events.</P>

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