Market Overview

Bridgewater Bancshares, Inc. Announces New Director

Share:

Bridgewater Bancshares, Inc. ("Bridgewater") (NASDAQ:BWB), and its
wholly owned banking subsidiary, Bridgewater Bank, are pleased to
announce Douglas J. Parish has been appointed to serve on the Board of
Directors for Bridgewater and Bridgewater Bank. As both a Certified
Public Accountant and a Certified Internal Auditor, Doug is a financial
expert with 30 years of diverse experience across a number of
disciplines, including accounting, finance, audit, risk management,
regulatory compliance and corporate governance.

Most recently, Mr. Parish served as Senior Vice President and Chief
Compliance Officer for Ameriprise Financial, Inc. Recruited to
Ameriprise in 2005 at the time of the company's spin-off from American
Express, he worked to build a world-class internal audit function for
this Fortune 250 diversified financial services company. Prior to his
tenure at Ameriprise, Mr. Parish was Vice President and Chief Internal
Auditor at Ceridian Corporation and held numerous audit roles at
Citigroup.

Doug holds a B.A. from St. Olaf College and currently serves as a board
member for several Twin Cities' non-profit organizations, including the
Children's Theatre Company, Northern Star Council (Boy Scouts of
America) and Greater Twin Cities Youth Symphonies.

"Bridgewater and its shareholders will benefit from the expanded
financial, risk and regulatory expertise that Doug brings to the board,"

says Jerry Baack, Chairman and Chief Executive Officer. "His audit
and compliance background at several publicly-traded financial
institutions will prove advantageous."

About Bridgewater Bancshares, Inc.

Bridgewater Bancshares, Inc. is the holding company for Bridgewater
Bank, a full-service commercial bank formed in 2005 to serve the diverse
needs of commercial real estate investors, small business entrepreneurs
and high-net-worth individuals. Bridgewater Bank has six locations
serving clients across the Minneapolis-St. Paul-Bloomington metropolitan
statistical area in Minnesota and offers a full array of simple, quality
loan and deposit products, primarily for commercial clients. As of June
30, 2018, Bridgewater had total assets of approximately $1.8 billion,
total loans of approximately $1.5 billion, total deposits of
approximately $1.4 billion and total shareholders' equity of
approximately $205.9 million.

Forward-Looking Statements

This press release includes "forward-looking statements," including with
respect to the initial public offering. Forward-looking statements are
subject to many risks and uncertainties, including, but not limited to
changes in general economic, business and political conditions,
including changes in the financial markets, and other risks detailed in
the "Cautionary Note Regarding Forward-Looking Statements," "Risk
Factors" and other sections of the registration statement. Potential
investors should note that the forward-looking statements included in
this press release are not a guarantee of future events, and that actual
events may differ materially from those made in or suggested by the
forward-looking statements. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as "will,"
"propose," "may," "plan," "seek," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue," or similar terminology. Any
forward-looking statements presented herein are made only as of the date
of this press release, and Bridgewater does not undertake any obligation
to update or revise any forward-looking statements to reflect changes in
assumptions, the occurrence of unanticipated events, or otherwise.

Source: Bridgewater Bancshares, Inc.

View Comments and Join the Discussion!