Bridgewater Bancshares to Acquire First Minnetonka City Bank

Bridgewater Bancshares Inc. (BWB) has entered into an agreement to acquire First Minnetonka City Bank. The consideration will be fully settled in cash and includes a minimum tier 1 capital requirement by the First Minnetonka City Bank. Details of the Acquisition Pursued by Bridgewater Bancshares First Minnetonka City Bank will be merged into Bridgewater Bancshares' subsidiary, Bridgewater Bank, upon the closing of the transaction, with an anticipated pre-tax merger cost of $2.7 million ($2 million post-tax) ...