Bridgewater Bank Welcomes Joseph Birkholz as Chief Risk Officer

Rhea-AI Summary

Bridgewater Bank has appointed Joseph Birkholz as Chief Risk Officer, enhancing its risk management capabilities. Birkholz brings over 15 years of experience, previously serving as Senior Vice President of Risk Operations at TCF Bank. His expertise will be pivotal in developing risk frameworks and credit risk analytics, crucial as the bank continues its growth trajectory. As of March 31, 2021, Bridgewater Bank has assets exceeding $3.07 billion and operates seven branches, catering to a diverse clientele of high-net-worth individuals and entrepreneurs.

Positive

• Appointment of Joseph Birkholz as Chief Risk Officer strengthens risk management capabilities.
• Birkholz's extensive experience in enterprise risk management is expected to enhance operational efficiency.
• Bridgewater Bank reported assets of over $3.07 billion, indicating robust financial health.

Negative

• None.

Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, today announced the addition of Joseph Birkholz to its team as Chief Risk Officer.

Joseph Birkholz (Photo: Business Wire)

Joseph joins Bridgewater with over 15 years’ experience in various enterprise risk management capacities. Joseph most recently served as Senior Vice President of Risk Operations at TCF Bank (nka Huntington Bank), where he led teams across operational risk, vendor risk and risk operations disciplines. In his new position at Bridgewater, Joseph will help the Bank mitigate key risks by leveraging his expertise in creating and formalizing risk frameworks, developing risk and control assessments, credit risk analytics and operational risk management. Joseph holds a B.S. in accounting from The College of St. Scholastica and an MBA from the University of St. Thomas.

“Joseph’s arrival is well-timed at this juncture in Bridgewater’s growth,” said Jerry Baack, President & Chief Executive Officer at Bridgewater Bank. “We look forward to benefiting from his strong and varied background in enterprise risk management.”

About Bridgewater Bank

Recognized as a premier, full-service Twin Cities bank, Bridgewater Bank is dedicated to serving the diverse needs of commercial real estate investors, entrepreneurs, business clients and high-net-worth 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 assets totaling over $3.07 billion and seven branches as of March 31, 2021, Bridgewater is considered one of the largest locally led banks in the State of Minnesota, and it has received numerous awards for its growth, banking services and esteemed corporate culture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005464/en/

FAQ

What is the role of Joseph Birkholz at Bridgewater Bank?

Joseph Birkholz has been appointed as Chief Risk Officer at Bridgewater Bank to enhance its risk management.

What experience does Joseph Birkholz bring to Bridgewater Bank?

Birkholz has over 15 years of experience in enterprise risk management, previously serving at TCF Bank.

How much assets does Bridgewater Bank currently have?

As of March 31, 2021, Bridgewater Bank has assets exceeding $3.07 billion.

How many branches does Bridgewater Bank operate?

Bridgewater Bank operates seven branches in the Twin Cities area.