---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-24-000215"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T15:20:48.800581+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankwell Financial reports $8.2M charge off on NJ office CRE loan; remaining exposure $5.5M

## Summary
- Charge off of $8.2M on a $13.7M CRE loan secured by a Class A suburban NJ office park.
- Company is 17% participant in an $84M multi-bank club deal; loan had no prior reserve.
- New appraisal reduced valuation from $105.1M to $36.2M; bank group commenced foreclosure.
- After charge off, estimated remaining exposure is approximately $5.5M.
- 3Q 2024 earnings call scheduled for Oct 29, 2024; additional details expected then.

## SEC filing metadata
- accession: 0001505732-24-000215
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000215/0001505732-24-000215-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000215/bwfg-20241011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-24-000215
- JSON: https://secwatch.observer/filing/0001505732-24-000215.json
- Plain text: https://secwatch.observer/filing/0001505732-24-000215.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.