The BFKN Financial Institutions Group served as legal counsel to Bridgewater Bank and its parent company, Bridgewater Bancshares, Inc. (Nasdaq: BWB), in connection with the Bank’s definitive merger agreement with First Minnetonka City Bank and First Minnetonka Bancorporation, Inc. Under the agreement Bridgewater Bank will acquire First Minnetonka City Bank in an all-cash transaction. This strategic acquisition marks a significant milestone in Bridgewater Bank’s ongoing commitment to expanding its footprint in the Twin Cities area and enhancing its product offerings.
Established in 2005, Bridgewater Bank is a full-service commercial bank with approximately $4.6 billion in assets as of June 30, 2024. Bridgewater Bank operates through full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota, serving its clients with a focus on responsive support and simple solutions.
BFKN’s legal team was led by co-chair Joseph T. Ceithaml and associate Zoe Xiuha Uvin. Executive compensation and benefits were handled by partner Andrew K. Strimaitis, along with associate Alex Freund.
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