Bridgewater Bank and Federal Home Loan Bank of Des Moines Award $800,000 to Minnesota Nonprofits Through Matching Grant Program
ST. LOUIS PARK, Minn., June 09, 2025--(BUSINESS WIRE)--Bridgewater Bank, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), has awarded $800,000 to 23 local nonprofit organizations through the 2025 Member Impact Fund, a matching grant initiative focused on strengthening affordable housing and community development efforts.
The Member Impact Fund provides members with up to $3 in matching funds for every $1 contributed to eligible nonprofits. Beyond its previously planned 2025 charitable giving, Bridgewater Bank committed an additional $100,000, resulting in a significantly larger pool of support for nonprofit partners serving Minnesota communities.
"As a local bank and leader in the affordable housing space, we are thrilled to amplify our community impact through this meaningful collaboration with FHLB Des Moines," said Nick Place, Chief Banking Officer at Bridgewater Bank. "This program strengthens our ability to support some of the most impactful organizations in our state and bring transformational resources to the table."
Confirmed grant recipients include:
Minnesota Housing Partnership
CommonBond Communities
Habitat for Humanity of Minnesota
Twin Cities Housing Alliance
Bridging
Trellis
Rethos
(Full recipient list available upon request)
"Minnesota Housing Partnership is deeply grateful to Bridgewater Bank for their generous and strategic contribution to advancing our work. Across Minnesota, we need more homes to help our state thrive—and each of us has a role to play in making that happen. Our partnership with Bridgewater Bank reflects a shared commitment to creating the homes Minnesota needs," said Anne Mavity, Executive Director of Minnesota Housing Partnership.
Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines.
"The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development," said Kris Williams, President and CEO of FHLB Des Moines. "It's inspiring to see the partnerships centered around improving local communities in such a variety of ways."
Member FDIC | Equal Housing Lender
About Bridgewater
Bridgewater Bancshares, Inc. (Nasdaq: BWB) is a St. Louis Park, Minnesota-based financial holding company founded in 2005. Its banking subsidiary, Bridgewater Bank, is a premier, full-service bank dedicated to providing responsive support and simple solutions to businesses, entrepreneurs, and successful individuals across the Twin Cities. Bridgewater offers a comprehensive suite of products and services spanning deposits, lending, and treasury management solutions. Bridgewater has also received numerous awards for its banking services and esteemed corporate culture. With total assets of $5.1 billion and nine strategically located branches as of March 31, 2025, Bridgewater is one of the largest locally-led banks in Minnesota and is committed to being the finest entrepreneurial bank. For more information, please visit www.bridgewaterbankmn.com.
About FHLB Des Moines
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement. FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250606761503/en/
Contacts
Media Contacts:Jessica Stejskal | SVP Marketing | Bridgewater Bankjessica.stejskal@bwbmn.com | 952.893.6860
Rachel Wegmann | Public Relations Manager | FHLB Des Moinesrwegmann@fhlbdm.com | 515.412.2357
Investor Contact | Bridgewater Bank: Justin Horstman | VP Investor Relationsjustin.horstman@bwbmn.com | 952.542.5169
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
KeyBanc Initiates Coverage of Zoom Communications (ZM) With Underweight Rating
Zoom Communications Inc. (NASDAQ:ZM) is one of the 10 tech stocks on Wall Street's radar right now. On June 6, KeyBanc initiated coverage of Zoom Communications Inc. (NASDAQ:ZM) with an Underweight rating and set a $73 price target in a broader report on select Enterprise Software companies. The analyst noted that the company's core video conferencing business has faced challenges since the pandemic peak, as in-person work returned. The firm also mentioned the competitive pressure from Microsoft as it has strengthened its position with Teams, improving features and user experience. Keybanc said that the company's efforts to grow beyond video collaboration have not been very compelling. A close-up of a hand using a laptop to control an immersive video meeting. Similarly, on May 22, Wells Fargo increased its price target on Zoom Communications Inc. (NASDAQ:ZM) from $75 to $80 and maintained an Equal Weight rating on the stock. The stock was already trading around $2 above the analyst's price target on the day. Zoom (NASDAQ:ZM) provides an AI-driven work platform featuring video meetings, messaging, cloud phone systems, and productivity tools like whiteboards, workflow automation, and modular docs, while also supporting virtual events, contact centers, and third-party app integration across various industries. While we acknowledge the potential of ZM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
B.Riley Raises Price Target on Silicon Motion (SIMO), Maintains Buy Rating
Silicon Motion Technology Corporation (NASDAQ:SIMO) is one of the . On June 5, increased its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $90 from $75 and reaffirmed its Buy rating on the stock. The firm pointed to the expanded Nvidia Bluefield DPU win and the upcoming Nintendo Switch 2 cycle as drivers of longer-term gains for the company. It further added that progress in the PCIe Gen5 PC and notebook market is on track, with Silicon Motion (NASDAQ:SIMO) projected to grow its market share to over 50% using its 8- and 4-channel products. Additionally, provided a bullish outlook on the company's future earnings as it said that similar momentum is expected from the adoption of UFS 4.0 in smartphones. The developments could push estimated earnings per share in 2026 and 2027 to around $5.25 and $6.50, respectively. An engineer in a lab coat tweaking a circuit board with intricate semiconductors. During the company's Q1 2025 earnings call, management highlighted that Silicon Motion (NASDAQ:SIMO) has partnered with NVIDIA for over a year to qualify its MonTitan server boot storage for the BlueField-3 DPU, a platform designed to optimize AI workloads and cloud networking. Starting later this year, its boot storage will support BlueField-3, creating new revenue and growth opportunities. Silicon Motion (NASDAQ:SIMO) designs and sells NAND flash controllers and specialized SSDs for various applications, including computing, enterprise data centers, mobile devices, and industrial uses, under multiple brand names. While we acknowledge the potential of SIMO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
28 minutes ago
- Yahoo
Why Amazon Stock Still Looks Like a Long-Term Winner
Amazon should register solid revenue gains in the years ahead, thanks to multiple tailwinds pushing it forward. AWS will continue to be a growth and profit engine for the business. With earnings set to keep rising, the current valuation looks compelling. 10 stocks we like better than Amazon › Amazon (NASDAQ: AMZN) has been one of the best investments anyone could've made. In the past 20 years, shares have catapulted 11,270% higher (as of June 3). A $10,000 investment would've turned into more than $1.1 million today. That's life-changing wealth. As of this writing, this "Magnificent Seven" stock trades 15% off its peak from early February. Now might be a great time to add this dominant enterprise to your portfolio. Here's why Amazon shares still look like a long-term winner. Investors prefer to own companies that exhibit solid growth, thanks to the presence of a powerful secular trend. Amazon stands out above the crowd because it has multiple tailwinds working to its benefit. We all know about the massive online marketplace, which makes Amazon a leader in the e-commerce niche of the broader retail sector. According to data from the Federal Reserve Bank of St. Louis, physical shopping in the U.S. still represents 84% of the industry, providing Amazon with a durable opportunity to capture in the decades ahead. Amazon Prime membership is estimated to have 220 million subscribers worldwide, providing recurring and predictable revenue for the business. People can buy items with fast and free delivery, get savings on gas, and watch shows and movies. Consequently, the rising popularity of streaming entertainment should make Prime a compelling service for more people. Advertising might fly under the radar, but that should change. In the first quarter, digital advertising contributed $13.9 billion to Amazon's revenue. That sales figure increased 19% year over year. counted 2.6 billion visitors in April, so there's plenty of attention that can be monetized. Amazon also has a budding presence within healthcare. Amazon One Medical is a primary care service offering in-person and telehealth appointments to patients. There's also Amazon Pharmacy, which can deliver medications at discounted prices. One important secular trend that hasn't been mentioned here yet is cloud computing, a market poised to register fantastic growth going forward. CEO Andy Jassy says that 85% of IT spending is still on-site, which introduces a truly massive opportunity as these companies shift to off-premises and take advantage of the cloud. Enter Amazon Web Services (AWS), which continues to be a significant growth engine, reporting a 17% revenue gain in Q1. In the past 12 months, AWS raked in a whopping $112 billion in sales, making it the leader in the global cloud market. It's also bolstering the bottom line. Operating income came in at $11.5 billion for AWS during Q1, translating to a remarkable operating margin of 39.5%. It has required substantial investments to get to this point, but now AWS can leverage its expense structure to generate sizable profits. With AWS, Amazon also has a critical platform to launch various artificial intelligence (AI) tools for its customers. "Generative AI is going to reinvent virtually every customer experience we know, and enable altogether new ones about which we've only fantasized," Jassy said. While Amazon certainly proves that it's a wonderful company, it's important for investors to look at the stock's valuation as well. If you pay too much, no matter how great a business it is, returns going forward can disappoint. Amazon shares trade at a forward price-to-earnings (P/E) ratio of 33.3. On the surface, this doesn't exactly look like a bargain. However, when you realize that net income soared 77% between 2021 and 2024, and that the analyst community sees earnings per share rising 62% from 2024 to 2027, it's easy to be bullish. Amazon has been a fantastic stock to own in the past, and it can still be a long-term winner in the future. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Why Amazon Stock Still Looks Like a Long-Term Winner was originally published by The Motley Fool
