---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012515"
form_type: "8-K"
ticker: "BWB"
cik: "0001341317"
company_name: "Bridgewater Bancshares Inc"
filed_at: "2024-08-28T23:59:59+00:00"
generated_at: "2026-05-31T07:08:22.675341+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bridgewater Bancshares to acquire First Minnetonka City Bank in all-cash deal; combined assets ~$4.9B

## Summary
- All-cash acquisition of First Minnetonka City Bank; target had $242M assets as of June 30, 2024.
- Combined pro forma: ~$4.9B total assets, $4.0B deposits, $3.9B loans, nine Twin Cities branches.
- Transaction approved by both boards and FMB shareholders; expected close Q4 2024, subject to regulatory approvals.
- Bridgewater says deal adds granular core deposits, loan diversification, and investment advisory platform.
- No purchase price disclosed in press release.

## SEC filing metadata
- accession: 0001558370-24-012515
- form_type: 8-K
- ticker: BWB
- cik: 0001341317
- company_name: Bridgewater Bancshares Inc
- filed_at: 2024-08-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341317/000155837024012515/0001558370-24-012515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341317/000155837024012515/bwb-20240828x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012515
- JSON: https://secwatch.observer/filing/0001558370-24-012515.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012515.txt

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