Bridgewater Bancshares, Inc._2024 Proxy Statement

PROPOSAL 1

Douglas Parish

Background: Mr. Parish, a director of the Company and the Bank since 2018, serves as the Chairperson of the Company’s Audit Committee. He is the Chief Financial Officer of Northern Star Scouting and former (retired in 2017) Senior Vice President and Chief Compliance Officer for Ameriprise Financial, Inc. a Fortune 250 diversified financial service company. As a Certified Public Accountant, Mr. Parish 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. Recruited to Ameriprise in 2005 at the time of the company’s spin-off from American Express, he worked to build a world-class internal audit function for this Fortune 250 diversified financial services company. Prior to his tenure at Ameriprise, Mr. Parish was Vice President and Chief Internal Auditor at Ceridian Corporation and held numerous audit roles at Citigroup. Mr. Parish holds a B.A. from St. Olaf College and has served on the boards of several youth-facing organizations in the Twin Cities including the Children’s Theatre Company, Greater Twin Cities Youth Symphonies and Northern Star Scouting. Qualifications: Our Board believes that Mr. Parish should serve as a director based on his financial expertise across a number of disciplines, including accounting, finance, audit, risk management, regulatory compliance, and corporate governance. Our Board has determined that Mr. Parish also qualifies as an “audit committee financial expert,” as that term is defined under applicable SEC rules. Background: Mr. Volk has served as a director of the Company and the Bank since 2017. Mr. Volk is a principal at Castle Creek Capital®, an alternative asset management firm focused on the community banking industry, located in San Diego, California. He has been with Castle Creek Capital since 2005 and has led or supported investments in numerous recapitalization, distressed and growth situations. Prior to joining Castle Creek Capital, Mr. Volk worked as an associate with TW Associates Capital, Inc. after receiving his initial training at Ernst & Young. Mr. Volk’s extensive financial institution experience based in strategic planning, operational improvements, acquisitions and capital financing brings a perspective on the opportunities and challenges facing banks nationwide. Mr. Volk holds a B.S. from Santa Clara University and a M.S. from the University of Virginia and currently serves as a board member for several banking institutions, including Southern California Bancorp, Bank of Idaho Holding Company and Spend Life Wisely Company. Qualifications: Our Board believes that Mr. Volk should serve as a director based on his extensive financial institution experience in strategic planning, operational improvements, mergers and acquisitions, and capital markets. Mr. Volk brings a national perspective on the opportunities and challenges facing banks.

Age: 57 Director Since: 2018 Committees: Audit (Chair)

David Volk

Age: 47 Director Since: 2017 Committees: Compensation and Nominating and ESG

2024 Proxy Statement

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