On April 25, 2024, the Board of Directors of Bridgewater Bancshares, Inc. appointed Joe Chybowski as the President of the Company, Mary Jayne Crocker as the Executive Vice President and Chief Strategy Officer of the Company, and Laura Espeseth as the Chief Accounting Officer of the Company, effective as of April 26, 2024. Prior to the Effective Date, Jerry Baack served as President, Chairman and Chief Executive Officer, and he will continue to serve as Chairman and Chief Executive Officer of the Company after the Effective Date. Mr. Chybowski, age 37, will continue to serve as Chief Financial Officer of the Company, a position he has held since 2017.

In his capacity as President of the Company, Mr. Chybowski will also serve as the principal operating officer of the Company, a role previously served by Ms. Crocker. Prior to 2017, Mr. Chybowski served as Controller of the Company from 2013 to 2017. Prior to joining the Company, Mr. Chybowski worked for Performance Trust Capital Partners in Chicago from 2009 to 2013 advising financial institutions on investment portfolio strategy and asset/liability management.

Ms. Crocker, age 62, has been with the Company since its founding in 2005, and prior to her current appointment as Executive Vice President and Chief Strategy Officer she served as Executive Vice President and Chief Operating Officer of the Company since 2014. As Chief Strategy Officer, Ms. Crocker will be responsible for shaping the long-term strategic plans and ensuring alignment with the Company?s objectives. Ms. Espeseth, age 42, will also serve as principal accounting officer of the Company, a role previously served by Mr. Chybowski.

Prior to Ms. Espeseth?s appointment as Chief Accounting Officer, Ms. Espeseth has worked in various roles since joining the Company in 2017, including most recently acting as the Company?s Controller from 2018 to 2024. Prior to joining the Company, Ms. Espeseth worked for CliftonLarsonAllen LLP from 2004 to 2017 providing audit and consulting services to financial institutions.