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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (date of earliest event reported):
March 30, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NORTHWEST INDIANA BANCORP</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 33%; text-align: center; vertical-align: bottom">Indiana</TD>
    <TD STYLE="width: 33%; text-align: center; vertical-align: bottom">000-26128</TD>
    <TD STYLE="width: 33%; text-align: center; vertical-align: bottom">35-1927981</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">(Commission File Number)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">(IRS Employer Identification</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;No.)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5in; text-indent: -4.5in">&#9;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">9204 Columbia Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Munster, Indiana 46321</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">N/A</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, 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 Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp; Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp; Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp; Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp; Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01&#9;Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Rescission of Federal
Reserve Resolution</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 30, 2012,
the Board of Directors of NorthWest Indiana Bancorp (the &ldquo;<B>Bancorp</B>&rdquo;), pursuant to authorization provided by the
Federal Reserve Bank of Chicago (the &ldquo;<B>FRB</B>&rdquo;), rescinded a board resolution adopted in January 2011 which imposed
certain obligations on the Bancorp stemming from the FRB&rsquo;s offsite review of the Bancorp during the fourth quarter of 2010.
Under the board resolution, the Bancorp agreed to obtain the written consent of the FRB prior to the declaration or payment of
dividends, the redemption or repurchase of its stock, and any increase in indebtedness. During the first quarter of 2012, the FRB
conducted a further offsite review of the Bancorp. As a result of the Bancorp&rsquo;s sustained improvements and continued compliance
observed during this review, the FRB notified the Bancorp on March 23, 2012 it had no objection to the Bancorp rescinding the board
resolution. Based on this authorization, the Bancorp&rsquo;s Board of Directors formally rescinded the board resolution on March
30, 2012 and, therefore, is no longer subject to its restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Settlement of Finn, et al., Litigation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Effective March 30,
2012, the Bancorp&rsquo;s subsidiary, Peoples Bank SB (the &ldquo;<B>Bank</B>&rdquo;), reached a settlement with Patrick Finn and
Lighthouse Management Group, Inc., as Receiver for First United Funding, LLC and Corey N. Johnston (the &ldquo;<B>Receiver</B>&rdquo;),
relating to the previously disclosed actions filed against the Bank and 34 other banks by the Receiver in the First Judicial District
Court, Dakota County, Minnesota and the U.S. District Court for the Northern District of Indiana (collectively, the &ldquo;<B>Suits</B>&rdquo;).
In this regard, the Bank and the Receiver entered into a Settlement Agreement and Mutual Release on March 23, 2012 (the &ldquo;<B>Agreement</B>&rdquo;)<B>
</B>pursuant to which the parties agreed, among other things, to dismiss with prejudice the Suits and all related court proceedings
in consideration for a cash payment from the Bank to the Receiver of $845,000. The Agreement also includes a general mutual release
of all claims and causes of action that the Bank and the Receiver may have against each other related to or arising from the transactions
forming the basis for the Suits, which mutual release also purports to bind all of the creditors of First United Funding and Johnston.
The Agreement was conditioned upon the approval of the Dakota County District Court, Minnesota, which approval is deemed to have
been given without further order or notice if no objection to the proposed settlement is received by the Receiver within seven
calendars days of the filing of a notice of settlement. The Agreement became effective on March 30, 2012, as no objection was received
prior to the expiration on March 29, 2012, of the seven-day objection period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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 Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt"></P>

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<TR>
    <TD STYLE="vertical-align: top">Date: April 2, 2012</TD>
    <TD COLSPAN="2"><B></B>NORTHWEST INDIANA BANCORP</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/  David A. Bochnowski</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Name: David A. Bochnowski<BR>Title: Chairman of the Board and Chief Executive Officer</TD></TR>
</TABLE>

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{"company-data": {"conformed-name": "NORTHWEST INDIANA BANCORP", "cik": "0000919864", "assigned-sic": "6035", "irs-number": "351927981", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26128", "film-number": "12731680"}, "business-address": {"street1": "9204 COLUMBIA AVE", "city": "MUNSTER", "state": "IN", "zip": "46321", "phone": "219 836-9690"}, "mail-address": {"street1": "9204 COLUMBIA AVE", "city": "MUNSTER", "state": "IN", "zip": "46321"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
March 30, 2012
NORTHWEST INDIANA BANCORP
(Exact name of registrant as specified in
its charter)
Indiana
000-26128
35-1927981
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification
No.)
9204 Columbia Avenue
Munster, Indiana 46321
(Address of principal executive offices)
(Zip Code)
(219) 836-4400
(Registrant's telephone number, including
area code)
N/A
(Former name or former address, if changed
since last report)
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01	Other Events.
Rescission of Federal
Reserve Resolution
On March 30, 2012,
the Board of Directors of NorthWest Indiana Bancorp (the "
Bancorp
"), pursuant to authorization provided by the
Federal Reserve Bank of Chicago (the "
FRB
"), rescinded a board resolution adopted in January 2011 which imposed
certain obligations on the Bancorp stemming from the FRB's offsite review of the Bancorp during the fourth quarter of 2010.
Under the board resolution, the Bancorp agreed to obtain the written consent of the FRB prior to the declaration or payment of
dividends, the redemption or repurchase of its stock, and any increase in indebtedness. During the first quarter of 2012, the FRB
conducted a further offsite review of the Bancorp. As a result of the Bancorp's sustained improvements and continued compliance
observed during this review, the FRB notified the Bancorp on March 23, 2012 it had no objection to the Bancorp rescinding the board
resolution. Based on this authorization, the Bancorp's Board of Directors formally rescinded the board resolution on March
30, 2012 and, therefore, is no longer subject to its restrictions.
Settlement of Finn, et al., Litigation
Effective March 30,
2012, the Bancorp's subsidiary, Peoples Bank SB (the "
Bank
"), reached a settlement with Patrick Finn and
Lighthouse Management Group, Inc., as Receiver for First United Funding, LLC and Corey N. Johnston (the "
Receiver
"),
relating to the previously disclosed actions filed against the Bank and 34 other banks by the Receiver in the First Judicial District
Court, Dakota County, Minnesota and the U.S. District Court for the Northern District of Indiana (collectively, the "
Suits
").
In this regard, the Bank and the Receiver entered into a Settlement Agreement and Mutual Release on March 23, 2012 (the "
Agreement
")
pursuant to which the parties agreed, among other things, to dismiss with prejudice the Suits and all related court proceedings
in consideration for a cash payment from the Bank to the Receiver of $845,000. The Agreement also includes a general mutual release
of all claims and causes of action that the Bank and the Receiver may have against each other related to or arising from the transactions
forming the basis for the Suits, which mutual release also purports to bind all of the creditors of First United Funding and Johnston.
The Agreement was conditioned upon the approval of the Dakota County District Court, Minnesota, which approval is deemed to have
been given without further order or notice if no objection to the proposed settlement is received by the Receiver within seven
calendars days of the filing of a notice of settlement. The Agreement became effective on March 30, 2012, as no objection was received
prior to the expiration on March 29, 2012, of the seven-day objection period.
SIGNATURE
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.
Date: April 2, 2012
NORTHWEST INDIANA BANCORP
By:
/s/  David A. Bochnowski
Name: David A. Bochnowski
Title: Chairman of the Board and Chief Executive Officer