Twin Cities-based Bridgewater Bank has launched its newest division, Bridgewater Equipment Finance.

Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth. The locally-led equipment finance team will work directly with clients to identify opportunities that improve cash flow, preserve assets and expand budgets for capital acquisitions and more.

“An equipment finance division is a natural complement to our business,” said Jerry Baack, Bridgewater president and CEO. “We continue to focus on providing commercial clients with the right products and services they need to grow in a competitive business environment.”

Providing the most experienced, discerning and responsive team is part of Bridgewater Bank’s commitment to clients seeking equipment financing solutions. The bank has attracted top local talent to forge the new division, including Tony Ferraro, Bridgewater senior vice president of Commercial Lending, Kathy Hanson, Charlie Hicks and Mark Decker, all of whom are seasoned professionals in the equipment leasing space.

“We have the right foundation to build this division,” said Ferraro. “Bridgewater has a great culture, and we are adding the best talent to aggressively develop this new area of the Bank. There’s no doubt current and potential clients will appreciate what we offer.”

Bridgewater Bank is a full-service bank dedicated to serving the diverse needs of commercial real estate investors, entrepreneurs and high-net-worth individuals in the Twin Cities. With an asset size of more than $2.2 billion as of September 30, 2019, Bridgewater is one of the largest, locally-led banks in the state of Minnesota.