Bankwell Financial (BWFG)

Overall impact
B (75)

Commentary

Bankwell Financial is a strong overall performer. With a 'B' rating of 74.7 for overall impact (89th percentile compared to all companies), Bankwell Financial ranks 8th out of 67 industry peers, behind Ameriserv Financial, Ames National, Codorus Valley Bancorp and 4 others, and ahead of Webster Financial, CB Financial Services, Citizens Bank of Philadelphia and 56 others. On top material causes for Bankwell Financial's industry (Banking), Bankwell Financial performs well in Lgbtq Equality (84.2 score), Terrestrial Biodiversity (95.3), Healthy Oceans (95.3) and 3 other causes where it received an 'A' score and performs poorly in Quality Lifelong Education (36.4 score).
Impact
Cause BWFG
Peer rank
Overall impact

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Impact trend

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Company
Founded
2002
Employees
167
Sector
Financials
Industry
Banks
Sub-industry
Regional Banks
SASB industry
Commercial Banks
Headquarters
Ct, United States
Share classes
BWFG
Description
Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner-occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income-producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and personal loans. It operates branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.
Material causes
Ethos considers the following causes material for Bankwell Financial, based on its industry sub-industry Regional Banks. Learn more about material causes in our methodology overview.

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