Bridgewater Bancshares celebrates 50 years of serving Twin Cities community

Local bank known for its branch-light model, commercial real estate focus, and commitment to affordable housing financing

Published on Feb. 9, 2026

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Bridgewater Bancshares, Inc., a $5.4 billion bank headquartered in St. Louis Park, Minnesota, is celebrating its 50th anniversary this year. Founded in 1975 by a group of banking industry veterans and local business leaders, Bridgewater has established itself as a leading commercial bank in the Twin Cities metro area, known for its expertise in commercial real estate lending, particularly in multifamily and affordable housing projects.

Why it matters

Bridgewater's longevity and success in the Twin Cities market stands out in an era of bank consolidation, with many local banks being acquired by out-of-state buyers. The bank's branch-light model, focus on commercial lending, and commitment to community investment through affordable housing initiatives have allowed it to thrive and maintain its independence over the past five decades.

The details

Bridgewater has operated profitably since its third month of operations in 2005 and has demonstrated a proven ability to generate strong organic growth. The bank's loan portfolio is heavily weighted toward commercial and multifamily real estate lending, with a growing focus on affordable housing projects. Bridgewater has also been recognized for its efficient operations, with an efficiency ratio that consistently outperforms peer banks.

  • Bridgewater Bancshares was founded in the summer of 1975.
  • The bank is celebrating its 50th anniversary this year.

The players

Bridgewater Bancshares, Inc.

A $5.4 billion bank headquartered in St. Louis Park, Minnesota, that was founded in 1975 and has established itself as a leading commercial bank in the Twin Cities metro area.

Jerry Baack

The chairman and chief executive officer of Bridgewater Bancshares, with over 35 years of banking experience and who was a lead founder of the bank in 2005.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Bridgewater Bancshares' longevity and success in the Twin Cities market, built on its branch-light model, commercial real estate expertise, and commitment to affordable housing, demonstrate that mission-driven, community-focused banking can thrive even in an era of industry consolidation.