Bridgewater Bancshares extends $40M credit line maturity to 2026, floor rate raised to 4.50%

Bridgewater Bancshares Inc

Extended $40M revolving credit line maturity from Sept 1, 2024 to Sept 1, 2026 with ServisFirst Bank.
Interest floor rate increased from 3.85% to 4.50%; variable rate based on Prime Rate.
Borrowing limit of $40M unchanged; loan continues under existing Loan and Security Agreement.
Amendment also includes payment of $53,375 non-use fee for prior period and $950 processing fee.

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