Bridgewater Bancshares Acquires First Minnetonka City Bank

August 28, 2024

Bridgewater Bancshares, Inc. (parent of Bridgewater Bank) has acquired First Minnetonka City Bank in an all-cash merger, folding FMCB into Bridgewater Bank. The combined franchise will have roughly $4.9–$5.0 billion in total assets, $4.0 billion in deposits and nine full-service Twin Cities branches, and the deal is intended to deepen Bridgewater's Twin Cities presence while adding a granular deposit base and an investment advisory capability.

Buyers
Bridgewater Bancshares, Inc. (Bridgewater Bank)
Targets
First Minnetonka City Bank
Sellers
First Minnetonka Bancorporation, Inc.
Location
Minnesota, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.