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  6. Bridgewater Bank Acquires First Minnetonka City Bank

M&A Deal Summary

Bridgewater Bank Acquires First Minnetonka City Bank

On August 28, 2024, Bridgewater Bank acquired financial services company First Minnetonka City Bank

Acquisition Highlights
  • This is Bridgewater Bank’s 1st transaction in the Financial Services sector.
  • This is Bridgewater Bank’s 1st transaction in the United States.
  • This is Bridgewater Bank’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-08-28
Target First Minnetonka City Bank
Sector Financial Services
Buyer(s) Bridgewater Bank
Deal Type Add-on Acquisition
Advisor(s) Olsen Palmer (Financial)
Winthrop & Weinstine (Legal)

Target

First Minnetonka City Bank

Minnetonka, Minnesota, United States
First Minnetonka City Bank operates two full-service branches offering a wide variety of deposit, lending, investment advisory, and other financial products and services to customers in and around the Minnetonka community. First Minnetonka City Bank was founded in 1964 and is based in Minnetonka, Minnesota.

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Buyer(S) 1

Buyer

Bridgewater Bank

Saint Louis Park, Minnesota, United States
Category Company
Founded 2005
Sector Financial Services
Employees292
Revenue 108M USD (2024)
DESCRIPTION

Bridgewater Bank is a bank holding company that operates Bridgewater Bank, a full-service bank committed to serving the diverse needs of successful small business owners and entrepreneurs. Bridgewater Banks was founded in 2005 and is based in Saint Louis Park, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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