Bridgewater Bank to Acquire First National Bank of the Lakes
The Barack Ferrazzano Financial Institutions Group acted as legal advisor for Bridgewater Bank in the proposed acquisition of Orono, Minnesota based First National Bank of the Lakes, which was announced on January 7, 2016. The transaction, which is expected to be completed before the end of the second quarter of 2016, will increase Bridgewater's presence in Minneapolis and its Western Suburbs. The combined entity is expected to have assets of more than $1 billion upon closing of the transaction. Barack Ferrazzano's legal team was led by Joseph T. Ceithaml.
Bridgewater Bank is a full service bank headquartered in Bloomington, Minnesota. With an asset size of more than $925 million and four locations serving clients across the Twin Cities Metropolitan area in Bloomington, downtown Minneapolis, Greenwood and St. Louis Park, Bridgewater Bank ranks among the largest fifteen banks in Minnesota.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2016 report.