Annual Review 2019

Directors

Jerry baack chairman, chief executive officer and president

jeffrey shellberg Secretary, executive vice president and chief credit officer

As the principal founder of Bridgewater, Jerry was responsible for all aspects of the Bank’s formation, including the initial capital raise, business plan, structure and recruitment of the board and management team, and obtaining charter and regulatory approval. He currently serves as Chairman of the Board, Chief Executive Officer and President of Bridgewater, positions he has held since the Bank was founded in 2005.

Jeff is a founder of Bridgewater and founding director of the board. He has worked in the regulatory and commercial banking industry for over 30 years. As Executive Vice President and Chief Credit Officer, Jeff is responsible for all aspects of the Bank’s credit policies and risk management systems. He currently chairs the loan and appraisal committees and plays an integral role in credit actions on the Bank’s largest lending relationships.

lisa brezonik president of salo, llc

thomas trutna President and founder of big ink

A member of the board since December 2019, Lisa is president of Salo, a leading staffing and consulting firm for finance, accounting and human resources in Minneapolis and Chicago. She has held this position since 2018. As an accomplished leader withover 25 years experience, Lisabrings expertise in talent acquisition, human resources and leadership development to Bridgewater.

Thomas is a founding director of the board. He is the President and Founder of BIG INK, a visual communications company that creates branded solutions for Fortune 1000 companies, an organization he has run since 1999. Prior to founding BIG INK, Thomas held marketing and business management positions at General Mills and Periscope, a Twin Cities advertising firm.

james johnson Franchise owner flagship marketing inc., Regional franchise developer at express services, inc.

todd urness shareholder at winthrop & weinstine, p.a.

Todd is a founding director of the board. He is a shareholder at the law firm of Winthrop & Weinstine, P.A., located in Minneapolis. Todd has practiced with Winthrop &Weinstine since 1985 and has been a shareholder with the firm since 1988. He has served on the Board of Directors of Winthrop & Weinstine as well as its senior management and compensation committees since 1993.

James is a founding director of the board. He is a franchise owner of Flagship Marketing, Inc., a privately-held company that operates as Express Employment Professionals (Express), which delivers staffing support and human resource services through a network of franchise office owners. In addition, James currently serves as Regional Franchise Developer for Express Services, Inc.

david juran Executive vice president of dougherty & company llc

david volk Principal at castle creek capital

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David, a member of the board since 2010, is the Executive Vice President of Dougherty & Company LLC, a full-service investment bank and brokerage firm founded in 1997. He has been with the company since 2002 and is also a member of the Board of Directors of Dougherty Financial Group LLC, President of Dougherty Funding LLC, President of Dougherty Equipment Finance LLC, Chief Executive Officer of Dougherty Real Estate Advisors LLC and President and Chief Operating Officer of Dougherty Mortgage LLC.

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David, a member of the board since 2017, is a principal at Castle Creek Capital, an alternative asset management firm located in Rancho Santa Fe, California, focused on the community banking industry. He has been with Castle Creek Capital since 2005 and has led or supported investments in numerous recapitalization, distressed and growth solutions.

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doug parish Former senior vice president and chief Compliance officer of ameriprise financial, inc.

Doug, a member of the board since 2018, is the former Senior Vice President and Chief Compliance Officer for Ameriprise Financial, Inc., a Fortune 250 diversified financial services company. As both a Certified Public Accountant and a Certified Internal Auditor, Doug is a financial expert with 30 years of diverse experience across a number of disciplines, including accounting, finance, audit, risk management, regulatory compliance and corporate governance.

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