Bridgewater Bancshares, Inc. to Acquire First Minnetonka City Bank in a Definitive Merger Agreement
08/28/24, 8:24 PM
Location
saint louis parkIndustry
banking
lending
finance
financial services
Type
agreement
Bridgewater Bancshares, Inc. has announced the signing of a definitive merger agreement under which Bridgewater Bank will acquire First Minnetonka City Bank in an all-cash transaction. 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.
Company Info
Location
saint louis park, minnesota, united states
Additional 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.