New Bancorp, Inc. announced that effective August 18, 2016, Russell N. Dahl, the former Chief Financial Officer of the company, was no longer employed by the company or the company's wholly owned subsidiary, New Buffalo Savings Bank. The company also announced that effective August 22, 2016, the company appointed Shawna L. Zawada to serve as Controller and Principal Financial Officer of the company and of the Bank. Since 2007, Ms. Zawada has served in positions of increasing responsibility at IU Health La Porte Hospital, La Porte, Indiana.

These positions have included Staff Accountant, Financial Analyst, Senior Financial Analyst, and since June 2014, Lean Deployment Leader where she utilized the Lean methodology that relies on a collaborative team effort to improve performance by combining lean enterprise and Six Sigma to eliminate system waste, reduce costs and improve efficiency.