Finward Bancorp, the holding company for Peoples Bank, announced that it has successfully completed the previously announced acquisition of Royal Financial Inc. and its wholly-owned Illinois state chartered savings bank subsidiary, Royal Savings Bank, of Chicago, Illinois, in a stock and cash transaction. Simultaneous with the acquisition of Royal Financial by Finward, Royal Savings Bank merged with and into Peoples Bank. As part of the merger, Finward and Peoples Bank have added Robert W. Youman to their respective boards of directors.