Bankwell Financial Group, Inc. Sample Contracts

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS FOURTH QUARTER AND FULL YEAR OPERATING RESULTS AND DECLARES AN INCREASE TO THE FIRST QUARTER DIVIDEND (January 30th, 2019)

New Canaan, CT – January 30, 2019 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.3 million or $0.41 per share for the fourth quarter of 2018, versus $2.1 million or $0.27 per share for the same period in 2017 and GAAP net income of $17.4 million or $2.21 per share for the year ended 2018, versus $13.8 million or $1.78 per share for the year ended 2017.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD QUARTERLY NET INCOME OF $4.9 MILLION OR $0.62 PER SHARE FOR THE THIRD QUARTER AND DECLARES FOURTH QUARTER DIVIDEND (October 31st, 2018)

New Canaan, CT – October 30, 2018 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $4.9 million or $0.62 per share for the third quarter of 2018, versus $4.3 million or $0.55 per share for the same period in 2017.

Bankwell Financial Group, Inc. – Employment Agreement This Employment Agreement (the “Agreement”) is made and entered into as of June 1, 2018 effective January 1, 2018 by and among Christine Chivily (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly- owned bank subsidiary, Bankwell Bank (the "Bank") on the other. Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank. WHEREAS Company desires to continue to employ the Executive on the terms and conditions set forth herein; and WHEREAS, the Executive de (August 7th, 2018)
Bankwell Financial Group, Inc. – Employment Agreement This Employment Agreement (the “Agreement”) is made and entered into as of June 1, 2018 effective January 1, 2018 by and among Heidi S. DeWyngaert (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the "Bank") on the other. Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank. WHEREAS Company desires to continue to employ the Executive on the terms and conditions set forth herein; and WHEREAS, the Executive (August 7th, 2018)
Bankwell Financial Group, Inc. – Employment Agreement This Employment Agreement (the “Agreement”) is made and entered into as of June 1, 2018 effective January 1, 2018 by and among David Dineen (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the "Bank") on the other. Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank. WHEREAS Company desires to continue to employ the Executive on the terms and conditions set forth herein; and WHEREAS, the Executive desires (August 7th, 2018)
Bankwell Financial Group, Inc. – Employment Agreement This Employment Agreement (the “Agreement”) is made and entered into as of June 1, 2018 effective January 1, 2018 by and among Penko Ivanov (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the "Bank") on the other. Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank. WHEREAS Company desires to continue to employ the Executive on the terms and conditions set forth herein; and WHEREAS, the Executive desires (August 7th, 2018)
Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD SECOND QUARTER NET INCOME OF $4.7 MILLION OR $0.60 PER SHARE AND DECLARES THIRD QUARTER DIVIDEND (July 26th, 2018)

New Canaan, CT – July 26, 2018 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $4.7 million or $0.60 per share for the second quarter of 2018, versus $3.8 million or $0.49 per share for the same period in 2017.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS FIRST QUARTER NET INCOME OF $4.6 MILLION OR $0.59 PER SHARE, REPRESENTING 24% YEAR OVER YEAR GROWTH AND DECLARES SECOND QUARTER DIVIDEND (April 27th, 2018)

New Canaan, CT – April 25, 2018 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $4.6 million or $0.59 per share for the first quarter of 2018, versus $3.7 million or $0.48 per share for the same period in 2017.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD YEAR-END OPERATING RESULTS AND DECLARES A 71% INCREASE TO THE FIRST QUARTER DIVIDEND (February 1st, 2018)

New Canaan, CT – January 31, 2018 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $2.1 million or $0.27 per share for the fourth quarter of 2017, versus $3.3 million or $0.43 per share for the same period in 2016 and GAAP net income of $13.8 million or $1.78 per share for the year ended 2017, versus $12.4 million or $1.62 per share for the year ended 2016.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD THIRD QUARTER NET INCOME OF $4.3 MILLION OR $0.55 PER SHARE AND DECLARES FOURTH QUARTER DIVIDEND (October 18th, 2017)

New Canaan, CT – October 18, 2017 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported net income of $4.3 million or $0.55 per share for the third quarter of 2017, versus $3.1 million or $0.41 per share for the same period in 2016.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD SECOND QUARTER NET INCOME OF $3.8 MILLION OR $0.49 PER SHARE AND DECLARES THIRD QUARTER DIVIDEND (July 26th, 2017)

New Canaan, CT – July 26, 2017 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.8 million or $0.49 per share for the second quarter of 2017, versus $2.9 million or $0.38 per share for the same period in 2016.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD FIRST QUARTER NET INCOME OF $3.7 MILLION OR $0.48 PER SHARE, EXCEEDS 10% RETURN ON EQUITY AND DECLARES SECOND QUARTER DIVIDEND (April 26th, 2017)

New Canaan, CT – April 26, 2017 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.7 million or $0.48 per share for the first quarter of 2017, versus $3.0 million or $0.40 per share for the same period in 2016.

Bankwell Financial Group, Inc. – Christopher R. Gruseke Employment Agreement (March 16th, 2017)

This Employment Agreement (the “Agreement”) is made and entered into as of June 1, 2016, by and among Christopher Gruseke (the “Executive”) on the one side, and Bankwell Financial Group, Inc. a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the “Bank”). Unless a distinction is appropriate, the term “Company” in this Agreement shall include the Bank.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD FOURTH QUARTER AND ANNUAL NET INCOME OF $3.3 MILLION OR $0.43 PER SHARE AND $12.4 MILLION OR $1.62 PER SHARE, RESPECTIVELY AND DECLARES FIRST QUARTER DIVIDEND (January 26th, 2017)

New Canaan, CT – January 25, 2017 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.3 million or $0.43 per share for the fourth quarter of 2016, versus $2.6 million or $0.35 per share for the same period in 2015 and GAAP net income of $12.4 million or $1.62 per share for the year ended 2016, versus $9.0 million or $1.21 per share for the year ended 2015.

Bankwell Financial Group, Inc. – Penko Ivanov Employment Agreement (November 9th, 2016)

This Employment Agreement (the “Agreement”) is made and entered into as of September 26, 2016 effective September 26, 2016 by and among Penko Ivanov (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the "Bank") on the other. Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD THIRD QUARTER NET INCOME OF $3.1 MILLION OR $0.41 PER SHARE AND DECLARES A 40% INCREASE TO THE QUARTERLY DIVIDEND (October 27th, 2016)

New Canaan, CT – October 26, 2016 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.1 million or $0.41 per share for the third quarter of 2016, versus $2.3 million or $0.31 per share for the same period last year.

Bankwell Financial Group, Inc. – David Dineen Employment Agreement (August 9th, 2016)

This Employment Agreement (the “Agreement”) is made and entered into as of July 11, 2016 effective July 11, 2016 by and among David Dineen (the “Executive”) on the one side, and Bankwell Financial Group, Inc., a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the "Bank"). Unless a distinction is appropriate, the term "Company" in this Agreement shall include the Bank.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS SECOND QUARTER NET INCOME OF $2.9 MILLION, REACHES RECORD ASSET LEVELS AT $1.5 BILLION AND DECLARES THIRD QUARTER DIVIDEND (July 28th, 2016)

New Canaan, CT – July 27, 2016 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $2.9 million for the second quarter of 2016. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.3 billion, driven by continued strong organic growth.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD FIRST QUARTER NET INCOME OF $3.0 MILLION, $0.40 EARNINGS PER COMMON SHARE, 9.23% RETURN ON AVERAGE TANGIBLE COMMON EQUITY AND DECLARES SECOND QUARTER DIVIDEND (April 27th, 2016)

New Canaan, CT – April 27, 2016 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.0 million for the first quarter of 2016. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.2 billion, driven by strong organic growth.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD FOURTH QUARTER AND FULL YEAR NET INCOME; LOAN ORIGINATIONS FOR THE YEAR EXCEED $400 MILLION (January 28th, 2016)

New Canaan, CT – January 27, 2016 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $2.6 million for the fourth quarter of 2015, a 260.1% increase over the same period for 2014, and $9.0 million for the year ended 2015, an increase of 97.7% compared to the year ended 2014.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS THIRD QUARTER NET INCOME OF $2.3 MILLION AND DECLARES FIRST CASH DIVIDEND (October 29th, 2015)

New Canaan, CT – October 29, 2015 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $2.3 million for the third quarter of 2015. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.1 billion, driven by strong organic growth.

Bankwell Financial Group, Inc. – Bankwell Financial Group, Inc. Announces Private Placement of $25.5 Million of Fixed Rate Subordinated Notes (August 19th, 2015)

New Canaan, CT, August 19, 2015 -- Bankwell Financial Group, Inc. (NASDAQ: BWFG) (the "Company" or "Bankwell"), the parent company of Bankwell Bank, today announced that it has completed a private placement of $25.5 million in aggregate principal amount of fixed rated subordinated notes (the "Notes") to certain institutional investors. The Notes are non-callable for five years, have a stated maturity of August 15, 2025, and bear interest at a quarterly pay fixed rate of 5.75% per year to the maturity date or any early redemption date.

Bankwell Financial Group, Inc. – NOTE PURCHASE AGREEMENT Dated as of August 19, 2015 by and among BANKWELL FINANCIAL GROUP, INC. and THE PURCHASERS NAMED ON SCHEDULE A (August 19th, 2015)

This NOTE PURCHASE AGREEMENT, dated as of August 19, 2015 (this "Purchase Agreement"), is by and among Bankwell Financial Group, Inc., a Connecticut corporation (the "Company"), and the purchasers named on Schedule A (each, a "Purchaser" and together, "Purchasers").

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP, INC. (August 19th, 2015)

THIS SECURITY IS A GLOBAL SECURITY AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE NOTE PURCHASE AGREEMENT AND THE TERMS OF THE SECURITIES, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

Bankwell Financial Group, Inc. – Form of Subordinated Note (FACE OF SECURITY) (July 29th, 2015)

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP, INC. and Trustee INDENTURE Dated as of _____________ SUBORDINATED DEBT SECURITIES CROSS-REFERENCE TABLE (1) (July 29th, 2015)

THIS INDENTURE, dated as of                  between Bankwell Financial Group, Inc., a Connecticut corporation (the “Issuer”), and            , a              (the “Trustee”),

Bankwell Financial Group, Inc. – Form of Senior Note (FACE OF SECURITY) (July 29th, 2015)

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP, INC. and Trustee INDENTURE Dated as of SENIOR DEBT SECURITIES CROSS-REFERENCE TABLE(1) (July 29th, 2015)

THIS INDENTURE, dated as of           between Bankwell Financial Group, Inc., a Connecticut corporation (the “Issuer”), and ________, a ___________ (the “Trustee”),

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD SECOND QUARTER NET INCOME OF $2.3 MILLION AND LOANS GROW TO OVER $1 BILLION (July 27th, 2015)

New Canaan, CT – July 27, 2015 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $2.3 million for the second quarter of 2015. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.0 billion, driven by strong organic growth.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD FIRST QUARTER NET INCOME OF $1.9 MILLION (April 30th, 2015)

New Canaan, CT – April 30, 2015 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.9 million for the first quarter of 2015.

Bankwell Financial Group, Inc. – Christopher Gruseke Employment Agreement (March 16th, 2015)

This Employment Agreement (the “Agreement”) is made and entered into as of February 25, 2015, by and among Christopher Gruseke (the “Executive”) on the one side, and Bankwell Financial Group, Inc. a Connecticut bank holding company (the “Company”) and its wholly-owned bank subsidiary, Bankwell Bank (the “Bank”).  Unless a distinction is appropriate, the term “Company” in this Agreement shall include the Bank.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REACHES RECORD ASSET LEVELS AT $1.1 BILLION, RECORD CORE EARNINGS FOR THE FOURTH QUARTER OF $1.6 MILLION AND FULL YEAR CORE EARNINGS OF $5.8 MILLION (January 29th, 2015)

New Canaan, CT – January 29, 2015 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $0.7 million for the fourth quarter of 2014 and $4.6 million for the year ended 2014. Excluding merger related expenses, net income (defined as core earnings) for the quarter was $1.6 million and for the year ended was $5.8 million. In addition, Bankwell Financial Group, Inc. reached record asset levels at $1.1 billion, driven by the acquisition of Quinnipiac Bank and Trust Company in the fourth quarter of 2014 and strong loan growth.

Bankwell Financial Group, Inc. – Contract (November 14th, 2014)

The foregoing is being furnished solely pursuant to U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.

Bankwell Financial Group, Inc. – BANKWELL FINANCIAL GROUP REPORTS RECORD NET INCOME FOR THE THIRD QUARTER, FUELED BY RECORD LOAN GROWTH (October 30th, 2014)

New Canaan, CT – October 30, 2014 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.5 million for the quarter ended September 30, 2014, resulting primarily from record loan growth of $59 million since June 30, 2014.

Bankwell Financial Group, Inc. – Common Stock Common Stock BWFG Bankwell Financial Group INCORPORATED UNDER THE LAWS OF THE STATE OF CONNECTICUT CUSIP 06654A 10 3 SEE REVERSE FOR CERTAIN DEFINITIONS THIS CERTIFIES THAT IS THE REGISTERED HOLDER OF FULLY PAID AND NON- ASSESSABLE SHARES OF THE COMMON STOCK, NO PAR VALUE PER SHARE OF BANKWELL FINANCIAL GROUP, INC. (the “Company”), transferable only on the books of the Company by the holder hereof, in person or by duly authorized attorney or legal representative, upon surrender of this Certificate properly endorsed. This Certificate and the shares of Common Stock represented hereby (October 1st, 2014)

(the “Company”), transferable only on the books of the Company by the holder hereof, in person or by duly authorized attorney or legal representative, upon surrender of this Certificate properly endorsed. This Certificate and the shares of Common Stock represented hereby are subject to all the provisions of the Articles of Incorporation and Bylaws of the Company and any and all amendments thereto. This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.