Bankwell Financial Group, Inc. (NASDAQ:BWFG), the parent company of Bankwell Bank, has announced board approval of a measure that will allow individual shareholder and director, Lawrence B. Seidman, to increase his position in the Company from a maximum of 9.9% to 14.99% of common stock.
Mr. Seidman is the Manager of Seidman and Associates, LLC based in Parsippany, NJ. He has served on Bankwell's board of directors since 2020.
