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Bridgewater Bank Launches Equipment Finance Division

November 12, 2019, 07:25 AM
Filed Under: Industry News

Bridgewater Bank, a Twin Cities, MN, bank focused on meeting the needs of successful individuals and entrepreneurs, announced its new division, Bridgewater Equipment Finance.

Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth. The locally led equipment finance team will work directly with clients to identify opportunities that improve cash flow, preserve assets and expand budgets for capital acquisitions and more.

 “An equipment finance division is a natural complement to our business,” said Jerry Baack, President and CEO. “We continue to focus on providing commercial clients with the right products and services they need to grow in a competitive business environment.”

Providing the most experienced, discerning and responsive team is part of Bridgewater Bank’s commitment to clients seeking equipment financing solutions. The bank has attracted top local talent to forge the new division, including Tony Ferraro, Kathy Hanson, Charlie Hicks and Mark Decker, all of whom are seasoned professionals in the equipment leasing space.

“We have the right foundation to build this division,” said Tony Ferraro, Senior Vice President of Commercial Lending. “Bridgewater has a great culture, and we are adding the best talent to aggressively develop this new area of the Bank. There’s no doubt current and potential clients will appreciate what we offer.”

With an asset size of over $2.2 billion as of September 30, 2019, Bridgewater Bank is one of the largest, locally led banks in the State of Minnesota. Its headquarters are in Bloomington, MN.

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