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Stock impact report

Bridgewater Bancshares, Inc. Announces Strategic Acquisition of First Minnetonka City Bank

Bridgewater Bancshares, Inc. (BWB) 
Last bridgewater bancshares, inc. earnings: 4/30 07:05 am Check Earnings Report
Company Research Source: Business Wire
ST. LOUIS PARK, Minn. & MINNETONKA, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“Bridgewater”), the parent company of Bridgewater Bank, and First Minnetonka City Bank announced today the signing of a definitive merger agreement under which Bridgewater Bank would acquire First Minnetonka City Bank in an all-cash transaction.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240828362372/en/At the closing of the transaction, First Minnetonka City Bank will merge with and into Bridgewater Bank. The combined organization is expected to have approximately $4.9 billion in total assets, $4.0 billion in deposits, $3.9 billion in loan and leases, and nine full-service branches across the Twin Cities.“We are very pleased to add a high quality and complementary Twin Cities community bank through a transaction that aligns with and accelerates our strategic priorities,” said Bridgewater Chairman and Chief Executi Show less Read more
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