Overview
Update: The deal announced in August 2024 has been completed. Click on the article below to read more about this transaction.
- Business Wire Press Release (December 17, 2024)
September 28, 2023 - MidWestOne Financial Group, Inc. Press Release
The Barack Ferrazzano 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.
Barack Ferrazzano’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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