Kevin Leitão Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank

Rhea-AI Summary

On May 29, 2024, Bankwell Financial Group and its subsidiary, Bankwell Bank, elected Kevin Leitão to the Board of Directors. Leitão, founder of Leitão Law , brings over 30 years of experience in legal counsel, compliance, and risk management. His expertise in integrating technology into banking services, along with deep knowledge in regulatory compliance and information risk management, is expected to support Bankwell's innovation and compliance initiatives. This strategic addition aims to bolster the company's governance and drive forward its technological and regulatory goals.

Positive

• Kevin Leitão's election to the Board brings over 30 years of legal and compliance experience.
• Leitão's expertise in financial technology and digital products is expected to support Bankwell's innovation initiatives.
• Enhanced governance with a strong focus on regulatory compliance and risk management.

Negative

• Potential concerns about continuity as Leitão transitions from his law practice to the Board.

NEW CANAAN, Conn.--(BUSINESS WIRE)-- On May 29, 2024, the Boards of Directors of Bankwell Financial Group, Inc. (the "Company") and its wholly-owned subsidiary, Bankwell Bank (together with the Company, “Bankwell”) elected Kevin Leitão to serve as a Director of the Company and Bankwell Bank.

Kevin Leitão, Director (Photo: Business Wire)

Mr. Leitão is the founder of Leitão Law LLC, in New Canaan, CT. His law practice reflects his more than 30 years of experience as an in-house counsel, as a compliance and risk management executive and in private practice. Mr. Leitão’s primary focus since 2000 has been on the integration of technology into the products and services offered by banks and other financial services companies, including regulatory compliance and information risk management advice on digital initiatives.

Mr. Leitão’s broad and deep experience with financial technology, digital financial products, regulatory compliance and information risk management for banks and other financial services companies will provide our Board of Directors with valuable expertise to support innovation initiatives and compliance and risk management matters.

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 Douglas Woodworth, Senior Vice President and Head of Human Resources of Bankwell Financial Group at (203) 652-3142.

More about Bankwell can be found at www.mybankwell.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701230026/en/

Bankwell Financial Group

Douglas Woodworth, Head of Human Resources

203-652-3142

Source: Bankwell Financial Group, Inc

FAQ

Who was recently elected to the Board of Directors of Bankwell Financial Group?

Kevin Leitão was elected to the Board of Directors of Bankwell Financial Group on May 29, 2024.

What is Kevin Leitão's background?

Kevin Leitão is the founder of Leitão Law with over 30 years of experience in legal counsel, compliance, and risk management, particularly in the integration of technology into banking services.

How will Kevin Leitão's election impact Bankwell Financial Group?

Leitão's extensive experience in financial technology, regulatory compliance, and risk management is expected to support Bankwell's innovation and compliance initiatives, enhancing the company's governance.

What expertise does Kevin Leitão bring to Bankwell Financial Group?

Kevin Leitão brings expertise in financial technology, digital financial products, regulatory compliance, and information risk management, which will aid Bankwell's strategic goals.