Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 86

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 2
Chunk 86
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Item 2.    Properties

The Bank’s headquarter building is located at 258 Elm Street in New Canaan, Connecticut. The property is leased by us until 2031. 

We also lease office space for each of our branch offices in New Canaan, Stamford, Norwalk, Fairfield, Darien, and Westport, Connecticut. The leases for our facilities have terms expiring at dates ranging from 2028 to 2033, although certain of the leases contain options to extend beyond these dates. We own the Hamden branch office. We believe that our current facilities are adequate for our current level of operations. Each lease is at market rate based on similar properties in the applicable market area. Management continually evaluates its branch and other office locations for opportunities to maximize cost savings while meeting our growth needs and the needs of our clients.

Our branch office locations are as follows:

BranchAddressOwned or LeasedCherry Street156 Cherry Street New Canaan, CT 06840Lease (expires 2031)Atlantic Street300 Atlantic Street Stamford, CT 06901Lease (expires 2033)High Ridge1095 High Ridge Road Stamford, CT 06905Lease (expires 2028)Black Rock2220 Black Rock Turnpike Fairfield, CT 06825Lease (expires 2029)Sasco HillOne Sasco Hill Road Fairfield, CT 06824Lease (expires 2031)Norwalk370 Westport Avenue Norwalk, CT 06851Lease (expires 2029)Hamden2704 Dixwell Avenue Hamden, CT 06518OwnWestport100 Post Road East Westport, CT 06880Lease (expires 2028)Darien1065 Post Road Darien, CT 06820Lease (expires 2028)