Bankwell Hires Head of SBA Lending

Bankwell Financial Group, Inc. (NASDAQ: BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in the newly established role of Head of SBA Lending.

Mr. Johnston most recently served as the National Sales Director for Ready Capital, the nation’s fourth largest SBA lender. Additionally, Mr. Johnston has held various lending and underwriting positions at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual.

Christopher R. Gruseke, President and CEO of Bankwell, stated, "We are excited to welcome Michael to the team. We have created the new role of Head of SBA Lending to further our evolution as a relationship-driven, commercially focused bank with a passion for assisting small businesses. Michael is an excellent cultural fit with extensive skills and experience to help facilitate the growth of our SBA Lending business in a prudent and profitable manner.”

Mr. Johnston expressed his enthusiasm for joining Bankwell's team, stating, "The Bank’s executive leadership is dedicated to expanding our small business customer base as part of its growth strategy. I am thrilled to contribute to Bankwell’s ongoing success."

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Courtney E. Sacchetti [phone]