Darryl Demos Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank

Rhea-AI Summary

On May 25, 2022, shareholders of Bankwell Financial Group (NASDAQ: BWFG) appointed Darryl Demos as a Director. Demos brings over 30 years of experience, previously serving as Executive Vice President at Curinos and General Manager at Novantas and Verint. His expertise in banking advisory and technology is expected to strengthen the board's capabilities. CEO Chris Gruseke expressed enthusiasm for the addition, highlighting Demos' unique skill set as beneficial for Bankwell's ongoing growth and community-focused banking services.

Positive

• Darryl Demos brings over 30 years of experience in banking and technology.
• Demos' expertise is expected to enhance the board's strategic capabilities.
• CEO Chris Gruseke praises the addition as beneficial for future growth.

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• None.

NEW CANAAN, Conn.--(BUSINESS WIRE)-- On May 25, 2022, Bankwell Financial Group, Inc.’s (the "Company", the holding company for Bankwell Bank, the “Bank”) shareholders elected Darryl Demos to serve as a Director of the Company and the Bank.

Darryl Demos, Director (Photo: Business Wire)

Bringing more than 30 years’ experience, Mr. Demos was formerly the Executive Vice President for Curinos, a global provider of data technology to the financial services industry. Prior to Curinos, he was the General Manager at both Novantas (where he also served as a Board Member) and Verint, a global technology and data company. He was founder and CEO of Demos Solutions, which was purchased by Verint in 2006. He began his career at KPMG, working in the audit and consulting divisions. Mr. Demos earned a BA from Williams and an MS from the Stern School of Business at New York University.

Bankwell’s CEO Chris Gruseke states, “We are excited to welcome Darryl to Bankwell’s Board of Directors. Darryl’s vast experience as an advisor to the banking industry, coupled with his technology and financial experience, make him an ideal addition to our board.”

Bankwell is a commercial bank that provides banking and lending services to businesses and residents. Bankwell was founded on the principles of providing an exceptional banking experience and adding value to the communities it serves. For more information about this press release, interested parties may contact Laura Waitz, Executive Vice President and Chief Operating Officer of Bankwell Financial Group at (203) 652-0166. More about Bankwell can be found at www.mybankwell.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220601006006/en/

Bankwell Financial Group

Laura Waitz, Executive Vice President and Chief Operating Officer

203-652-0166

Source: Bankwell Financial Group, Inc.

FAQ

Who was appointed as a director of Bankwell Financial Group on May 25, 2022?

Darryl Demos was appointed as a director on May 25, 2022.

What experience does Darryl Demos bring to Bankwell Financial Group?

Darryl Demos brings over 30 years of experience in the banking and technology sectors.

What is the potential impact of Darryl Demos' appointment on Bankwell Financial Group?

His appointment is expected to strengthen the board's strategic capabilities and support future growth.

What is the stock symbol for Bankwell Financial Group?

The stock symbol for Bankwell Financial Group is BWFG.