Bankwell Financial Group Director, Lawrence B. Seidman, Approved to Increase Position in Company
Bankwell Financial Group (NASDAQ: BWFG) has announced board approval allowing director Lawrence B. Seidman to increase his maximum ownership stake in the company from 9.9% to 14.99% of common stock.
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Mr. Seidman is the Manager of Seidman and Associates, LLC based in
Christopher R. Gruseke, President and CEO of Bankwell, commented, “Larry has been a steadfast supporter of the Company’s strategic direction and growth initiatives. We look forward to our continued relationship.”
Mr. Seidman added, “My decision to increase my position in Bankwell aligns with my long-term investment strategy to purchase undervalued publicly traded community banks and reflects my strong support for the management team and the Company’s promising outlook.”
About Bankwell Financial Group, Inc.
Bankwell Financial Group, Inc. is the holding company for Bankwell Bank (“Bankwell”), a full-service commercial bank headquartered in
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Courtney E. Sacchetti
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Source: Bankwell Financial Group, Inc