Bankwell Financial Group, Inc. (BWFG)

23.46 +0.27 (+1.16%) At close: 04:00PM EDT

Bankwell Financial Group, Inc.

258 Elm Street
New Canaan, CT 06840
United States
203 652 0166
https://www.mybankwell.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 126

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Blake S. Drexler	Executive Chairman	129k	N/A	1957
Mr. Christopher R. Gruseke	President, CEO & Director	1.15M	N/A	1960
Mr. Matthew J. McNeill	Executive VP & Chief Banking Officer	775.45k	N/A	1976
Mr. Todd H. Lampert	Independent Director & Corporate Secretary	74.5k	N/A	1963
Ms. Courtney E. Sacchetti	Executive VP & CFO	N/A	N/A	1977
Steven Brunner	Executive VP, Chief Risk and Operations Officer	N/A	N/A	N/A
Mr. Angelo Fusaro CPA	Principal Accounting Officer	N/A	N/A	1986

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans. It operates branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.

Corporate governance

Bankwell Financial Group, Inc.’s ISS governance QualityScore as of 1 April 2024 is 6. The pillar scores are Audit: 9; Board: 4; Shareholder rights: 6; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.