M&A - Bridgewater Bancshares Inc

Form Type: DEF 14A

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: New

Accession Number: 000155837025002562

Filing Summary: Bridgewater Bancshares, Inc. has filed its proxy statement for the Annual Meeting of Shareholders scheduled for April 22, 2025, conducted virtually. Key proposals include the election of seven directors, an advisory vote on executive compensation, and ratification of RSM US LLP as the independent auditor for 2025. Notably, the company completed the acquisition of First Minnetonka City Bank in December 2024, aimed at enhancing its deposit base and overall market position. Shareholders are encouraged to vote, with a record date established for February 24, 2025. The document emphasizes corporate governance, noting that the majority of the board comprises independent directors and highlights successful financial metrics from 2024, including a significant increase in core deposits and maintenance of high asset quality.

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