Bridgewater Bancshares, Inc. completes acquisition of First Minnetonka City Bank to expand its presence in the Twin Cities
Bridgewater Bancshares, Inc. completes acquisition of First Minnetonka City Bank to expand its presence in the Twin Cities
08/28/24, 8:36 PM
Location
saint louis parkminnetonkaIndustry
banking
lending
finance
financial services
banking
lending
finance
financial services
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.
Company Info
Location
Saint Louis Park, Minnesota, United States
Company info
First Minnetonka City Bank is a locally owned and operated financial institution headquartered in Minnetonka, Minnesota. Founded in 1964, the bank operates two full-service branches offering a wide variety of deposit, lending, and investment advisory services. As of June 30, 2024, First Minnetonka City Bank had $242 million in total assets, $212 million in deposits, and $128 million in loans and leases.