Bankwell Financial Group to price its initial public offering of stock

Sandler O'Neill is the bookrunner; funds used for corporate purposes

By Devika Patel

Knoxville, Tenn., April 4 - Bankwell Financial Group, Inc. will price an initial public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Sandler O'Neill + Partners, LP is the sole bookrunning manager.

Proceeds will be used for general corporate purposes.

The company also said that the secretary of the U.S. Treasury will sell 10,980 series C preferred shares.

The bank holding company is based in New Canaan, Conn. The company expects its shares will trade on the Nasdaq under the symbol "BWFG."

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