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Bridgewater Bancshares, Inc. Named Fifth Best-Performing Community Bank by S&P Global Market Intelligence
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Bridgewater Bancshares, Inc. (NASDAQ: BWB) has been recognized as the fifth best-performing community bank in S&P Global Market Intelligence’s annual ranking for 2021, specifically among banks with assets between $3 billion and $10 billion. This accolade highlights the bank's strong loan growth and efficient business model. CEO Jerry Baack attributes this achievement to the dedication of their team and the attraction of top talent in the Twin Cities market. With total assets of $3.5 billion, Bridgewater Bank is among Minnesota's largest locally led banks.
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Ranked fifth in S&P Global Market Intelligence’s community bank ranking for 2021.
Strong loan growth and efficient business model contributed to the ranking.
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ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--
Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, was ranked fifth in S&P Global Market Intelligence’s annual ranking of best-performing community banks of 2021 between $3 billion and $10 billion in assets.
“We are honored to be recognized for our strong performance in 2021, which was driven by the hard work of our team members, robust loan growth and highly efficient business model,” said Chairman, Chief Executive Officer and President, Jerry Baack. “This ranking further demonstrates the positive impact our unconventional corporate culture is having on the growth of our business as we continue to attract and retain top talent and grow client relationships across the Twin Cities market.”
S&P Global Market Intelligence launched the rankings more than a decade ago to assess the performance of banks and credit unions. Institutions are ranked based on returns, growth and efficiency, with a premium placed on the strength and risk profile of balance sheets.
About Bridgewater
Bridgewater Bancshares, Inc. is a St. Louis Park, Minnesota-based financial holding company. Bridgewater’s primary banking subsidiary, Bridgewater Bank, is a premier, full-service Twin Cities bank dedicated to serving the diverse needs of commercial real estate investors, entrepreneurs, business clients and successful individuals. By pairing a range of deposit, lending and business services solutions with a responsive service model, Bridgewater has seen continuous growth and profitability. With total assets of $3.5 billion and seven branches as of December 31, 2021, Bridgewater is considered one of the largest locally led banks in the State of Minnesota, and has received numerous awards for its growth, banking services and esteemed corporate culture.
