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Nick Place Email Address


Job Title

Senior Vice President and Chief Lending Officer

Bridgewater Bank

Bridgewater Bank is a full service bank committed to serving the diverse, individual needs of entrepreneurs. We are founded by, funded by and focused on investors and small business entrepreneurs, so we understand through personal experience the commitment, enthusiasm, vision and challenges entrepreneurs face to build and grow a business. Customers deal directly with the founders and owners of Bridgewater Bank, providing the best personalized service and products available.


I currently serve as Chief Lending Officer at Bridgewater Bank, where we take an unconventional approach to conventional loans. As a team, we have quietly grown Bridgewater into one of Minnesota’s largest banks, attracting an ever-growing local following along the way. I oversee a talented team of lenders, as well as an active portfolio of client relationships myself, while serving on our Strategic Leadership Team. As the premier real estate lender in the Twin Cities, Bridgewater Bank’s loan products are assembled to meet the diverse needs of real estate and small business entrepreneurs. Over the last two years, our talented lending team has consistently produced over $1.5 billion in annual loan production. In addition to my leadership responsibilities, I continue to be actively engaged in loan origination, primarily focusing on real estate lending in the Minneapolis/St. Paul metro area. I have direct lending experience involving stabilized and reposition projects, as well as ground-up construction on residential and commercial properties and multi-family, retail, industrial and office properties. I'm also actively engaged in specialty financing products surrounding tax increment financing, affordable housing properties and historic tax credit projects. Additionally, I serve on the boards of Rethos | Places Reimagined and Minnesota Housing Partnership. I enjoy networking with individuals from many areas and welcome you to contact me anytime with questions or opportunities to connect. Specialties: •Real estate financing focusing primarily on multi-family properties, retail strip centers, office/commercial properties, assisted living/skilled nursing facilities and student rentals •Experience in small business lending, loan underwriting and financial analysis

Last University
Went to University of Saint Thomas
Is based in Saint Anthony.

Other people working at Bridgewater Bank:

Lisa WebbDirector Loan Quality Assurance
Craig DoseSenior Vice President Operations
Jerry BaackFounder, President, Chief Executive Officer and Chairman of the Board
Jeff ShellbergExecutive Vice President and Chief Credit Officer
Joe ShmigelskyCredit Analyst
Andrew BatesSales Associate
Anna BergeSenior Vice President of Technology
Adam BenjaminSenior Vice President, Professional Services and Private Banking
Christian RekowVice President
Jessica ButlerSenior Vice President Marketing
Mary Jayne********@bridgewaterbankmn.com
Mary JayneExecutive Vice President Chief Operating Officer
Mark A DoldCredit Portfolio Underwriter, Banking
John CallahanVice President Commercial Lending
Darren PalmbergManaging Director
Tom JohnsonVice President Commercial Lending
Nikkie PurvisDirector Operational Risk

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