{"id":512224,"date":"2021-07-13T07:08:08","date_gmt":"2021-07-13T11:08:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/locally-led-bridgewater-bank-raises-minimum-wage-to-20-per-hour\/"},"modified":"2021-07-13T07:08:08","modified_gmt":"2021-07-13T11:08:08","slug":"locally-led-bridgewater-bank-raises-minimum-wage-to-20-per-hour","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/locally-led-bridgewater-bank-raises-minimum-wage-to-20-per-hour\/","title":{"rendered":"Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Locally Led Bridgewater Bank Raises <\/b><b>Minimum Wage to $20 Per Hour<\/b><\/p>\n<p>ST. LOUIS PARK, Minn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), announced today that it has raised its minimum wage to $20 per hour for all regular, full-time employees, effective August 1, 2021.\n<\/p>\n<p>\nBridgewater Bank is believed to be one of the few local Minnesota companies to establish a $20 per hour minimum wage. The change represents an 11 percent increase in the bank\u2019s existing minimum wage and benefits 14 percent of its full-time employee base. Minnesota\u2019s current minimum wage for large employers is $10.08 per hour, which is $2.83 higher than the federal minimum wage.\n<\/p>\n<p><i>\u201cAs the premier entrepreneurial bank in the Twin Cities, we are focused on continuing to attract and retain the best talent through our unconventional culture, competitive benefits, and now, a leading minimum wage,\u201d<\/i> said President &amp; Chief Executive Officer, Jerry Baack. <i>\u201cMany of our employees enter the bank through entry-level roles, and we want everyone to know they play a vital role in supporting our fast-growing bank. Taking this important step is simply the right thing to do.\u201d <\/i><\/p>\n<p>\nIn addition to competitive compensation, Bridgewater Bank employees receive industry-leading benefits, including:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nComprehensive healthcare, including medical, dental and vision coverage\n<\/li>\n<li>\n401(k) matching\n<\/li>\n<li>\nA gym membership stipend for employees to promote good health\n<\/li>\n<li>\nTwo paid days per year to volunteer with nonprofit organizations, as part of the Bank\u2019s community engagement efforts\n<\/li>\n<li>\nExpansive professional growth and development programs, with robust internal training and continuing education opportunities\n<\/li>\n<\/ul>\n<p>\nWith more than 215 employees, Bridgewater Bank consistently ranks as an employer of choice in Minnesota and recently ranked #12 in the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.startribune.com%2Franking-minnesotas-175-top-workplaces%2F600068589%2F%3Fcache%3Dtrash&amp;esheet=52458528&amp;newsitemid=20210713005171&amp;lan=en-US&amp;anchor=Star+Tribune%26%238217%3Bs+2021+%26%238216%3BTop+175+Workplaces%26%238217%3B&amp;index=1&amp;md5=13f8abffea9d578b1b968eb60d10bc3e\">Star Tribune\u2019s 2021 \u2018Top 175 Workplaces\u2019<\/a> annual listing. To learn more about Bridgewater\u2019s culture and employment opportunities, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fbridgewaterbankmn.com%2Fabout-bridgewater%2Fcareers&amp;esheet=52458528&amp;newsitemid=20210713005171&amp;lan=en-US&amp;anchor=click+here&amp;index=2&amp;md5=85fcdce27b501a8c53236cabf2d3179e\">click here<\/a>.\n<\/p>\n<p><b>About Bridgewater Bank<br \/>\n<br \/><\/b>Bridgewater Bancshares, Inc. (Nasdaq: BWB), is a financial holding company based in St. Louis Park, Minnesota. Bridgewater\u2019s primary banking subsidiary, Bridgewater Bank, is a premier, full-service Twin Cities bank dedicated to serving the diverse needs of commercial real estate investors, entrepreneurs, business clients and high-net-worth individuals. By pairing a range of deposit, lending and business services solutions with a responsive service model, Bridgewater has seen continuous growth and profitability. With total assets of $3.07 billion and seven branches as of March 31, 2021, Bridgewater is considered one of the largest locally led banks in the State of Minnesota, and has received numerous awards for its growth, banking services and esteemed corporate culture.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210713005171r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210713005171\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210713005171\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<br \/><\/b>Jessica Stejskal | SVP Marketing<br \/>\n<b><br \/><\/b><a rel=\"nofollow\" href=\"mailto:jessica.stejskal@bwbmn.com\">jessica.stejskal@bwbmn.com<\/a> | 952.893.6860\n<\/p>\n<p><b>Investor Contact:<br \/>\n<br \/><\/b>Justin Horstman | Director of Investor Relations<br \/>\n<b><br \/><\/b><a rel=\"nofollow\" href=\"mailto:justin.horstman@bwbmn.com\">justin.horstman@bwbmn.com<\/a> | 952.542.5169\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Minnesota<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Other Professional Services Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210713005171\/en\/890772\/3\/Bridgewater_3C_-_Full_Color_viewimage.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour ST. LOUIS PARK, Minn.&#8211;(BUSINESS WIRE)&#8211; Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), announced today that it has raised its minimum wage to $20 per hour for all regular, full-time employees, effective August 1, 2021. Bridgewater Bank is believed to be one of the few local Minnesota companies to establish a $20 per hour minimum wage. The change represents an 11 percent increase in the bank\u2019s existing minimum wage and benefits 14 percent of its full-time employee base. Minnesota\u2019s current minimum wage for large employers is $10.08 per hour, which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/locally-led-bridgewater-bank-raises-minimum-wage-to-20-per-hour\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-512224","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/locally-led-bridgewater-bank-raises-minimum-wage-to-20-per-hour\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour ST. LOUIS PARK, Minn.&#8211;(BUSINESS WIRE)&#8211; Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), announced today that it has raised its minimum wage to $20 per hour for all regular, full-time employees, effective August 1, 2021. Bridgewater Bank is believed to be one of the few local Minnesota companies to establish a $20 per hour minimum wage. The change represents an 11 percent increase in the bank\u2019s existing minimum wage and benefits 14 percent of its full-time employee base. 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