Bankwell Financial Group, Inc. (NASDAQ:BWFG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
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Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
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(b)
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Bankwell Financial Group, Inc. and its subsidiary Bankwell
Bank (collectively, “Bankwell”) report that their Director, Raymond Palumbo, resigned on February 6, 2017 from both Boards. Mr. Palumbo indicated that the reason for his resignation is that the demands of his full time position as President and Chief Executive Officer at Underwater Construction Corporation, a global company specializing in commercial diving, do not allow him to provide sufficient time and attention to his responsibilities at Bankwell. He expressed no disagreements with Bankwell regarding operations, policies or practices at Bankwell. |
About Bankwell Financial Group, Inc. (NASDAQ:BWFG)
Bankwell Financial Group, Inc. is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut. The Bank’s commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and mid-sized businesses, and real estate construction and development loans. The Bank’s retail lending products include residential mortgage loans, home equity lines of credit and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, negotiable order of withdrawal (NOW) and time deposits. Bankwell Financial Group, Inc. (NASDAQ:BWFG) Recent Trading Information
Bankwell Financial Group, Inc. (NASDAQ:BWFG) closed its last trading session up +0.68 at 32.36 with 11,810 shares trading hands.
