Bridgewater Bancshares to Acquire First Minnetonka City Bank [Yahoo! Finance]
Bridgewater Bancshares, Inc. (BWB)
Last bridgewater bancshares, inc. earnings: 4/30 07:05 am
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Source: Yahoo! Finance
The consideration will be fully settled in cash and includes a minimum tier 1 capital requirement by the First Minnetonka City Bank. Details of the Acquisition Pursued by Bridgewater Bancshares First Minnetonka City Bank will be merged into Bridgewater Bancshares' subsidiary, Bridgewater Bank, upon the closing of the transaction, with an anticipated pre-tax merger cost of $2.7 million ($2 million post-tax). First Minnetonka City Bank, founded in 1964, operates two full-service branches in Minnetonka, MN. As of June 30, 2024, the bank had $242 million in total assets, $212 million in deposits and $128 million in loans and leases. The combined entity is anticipated to have roughly $4.9 billion in total assets, $4 billion in deposits, $3.9 billion in loans and leases and nine full-service branches across the twin cities. The deal has been unanimously approved by the board of both companies. It is expected to be closed in the fourth quarter of 2024, subject to regulatory approva
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News
- Bridgewater Bank to acquire First Minnetonka City Bank [Seeking Alpha]Seeking Alpha
- Bridgewater Bancshares, Inc. Announces Strategic Acquisition of First Minnetonka City Bank [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. Announces Strategic Acquisition of First Minnetonka City BankBusiness Wire
- Investing in Bridgewater Bancshares (NASDAQ:BWB) a year ago would have delivered you a 24% gain [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. 5.875% DEP PFD A goes ex dividend tomorrow [Seeking Alpha]Seeking Alpha
BWB
Earnings
- 7/24/24 - Beat
BWB
Sec Filings
- 9/9/24 - Form 4
- 9/6/24 - Form 8-K
- 9/5/24 - Form 4
- BWB's page on the SEC website