secwatch.observer — SEC 8-K summary
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Issuer:     Bridgewater Bancshares Inc (BWB)
CIK:        0001341317
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001558370-24-012515
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024012515/0001558370-24-012515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024012515/bwb-20240828x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer