Bridgewater Bancshares, Inc. completes acquisition of First Minnetonka City Bank to expand its presence in the Twin Cities
Acquiring Company
Bridgewater Bancshares
Acquired Company
First Minnetonka City Bank
Saint Louis ParkMinnetonkaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Bridgewater Bancshares, Inc. has announced the strategic acquisition of First Minnetonka City Bank, adding a high-quality and complementary Twin Cities community bank. The combined organization is expected to have approximately $4.9 billion in total assets and will offer a more complete product set to their client base.
Quick answer
Bridgewater Bancshares is acquiring First Minnetonka City Bank, announced August 28, 2024. Bridgewater Bancshares is based in Saint Louis Park, Minnesota, United States.
- How much did Bridgewater Bancshares pay for First Minnetonka City Bank?
- The deal value was not disclosed.
- What does Bridgewater Bancshares do?
- Bridgewater Bank (Nasdaq: BWB) is a full-service, entrepreneurial bank founded in 2005 with a vision to offer fast answers, meaningful opportunities, and a positive, growth-oriented environment.
- Where are Bridgewater Bancshares and First Minnetonka City Bank based?
- Bridgewater Bancshares is based in Saint Louis Park, Minnesota, United States. First Minnetonka City Bank is based in Minnetonka, Minnesota, United States.
- Who are the decision-makers at Bridgewater Bancshares?
- Fundz holds 1 contact at Bridgewater Bancshares. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired First Minnetonka City Bank?
First Minnetonka City Bank was acquired by Bridgewater Bancshares, based in Saint Louis Park. The deal was reported on August 28, 2024. Bridgewater Bank (Nasdaq: BWB) is a full-service, entrepreneurial bank founded in 2005 with a vision to offer fast answers, meaningful opportunities, and a positive, growth-oriented environment. Bridgewater Bancshares is publicly traded (BWB) and operates in Financial Services.
When did Bridgewater Bancshares acquire First Minnetonka City Bank?
Bridgewater Bancshares's acquisition of First Minnetonka City Bank was reported on August 28, 2024. Bridgewater Bancshares, Inc. has announced the strategic acquisition of First Minnetonka City Bank, adding a high-quality and complementary Twin Cities community bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does First Minnetonka City Bank do?
First Minnetonka City Bank is a locally owned and operated financial institution headquartered in Minnetonka, Minnesota. It is privately held, operating in Financial Services, and is based in Minnetonka.
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