Bridgewater Bancshares To Acquire First Minnetonka City Bank In All-Cash Merger Agreement; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Bridgewater Bancshares has announced an all-cash merger agreement to acquire First Minnetonka City Bank. The financial terms of the deal have not been disclosed.
August 28, 2024 | 8:18 pm
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Bridgewater Bancshares is acquiring First Minnetonka City Bank in an all-cash merger. The lack of disclosed financial terms leaves some uncertainty, but the acquisition could strengthen BWB's market position.
The acquisition of First Minnetonka City Bank by Bridgewater Bancshares is likely to enhance BWB's market presence and operational scale. The all-cash nature of the deal suggests financial stability, although undisclosed terms introduce some uncertainty. Overall, this strategic move is positive for BWB's growth prospects.
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