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Home > Insider Trading > Latest 13D and 13G Filings > 13G Filing (0000895345-18-000112)

Filing Details

Accession Number:
0000895345-18-000112
Form Type:
13G Filing
Publication Date:
2018-03-23 17:07:54
Filed By:
EJF Capital
Company:
Bridgewater Bancshares Inc (NASDAQ:BWB)
Filing Date:
2018-03-23
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
EJF Capital 0 1,614,556 0 1,614,556 1,614,556 5.4%
Emanuel J. Friedman 0 1,614,556 0 1,614,556 1,614,556 5.4%
EJF Sidecar Fund, Series 0 1,016,456 0 1,016,456 1,016,456 3.4%
EJF Income Fund 0 35,000 0 35,000 35,000 0.1%
EJF Income GP 0 35,000 0 35,000 35,000 0.1%
EJF Financial Services Fund 0 563,100 0 563,100 563,100 1.9%
EJF Financial Services GP 0 563,100 0 563,100 563,100 1.9%
Filing
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
 
Bridgewater Bancshares Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
108621103
(CUSIP Number)
 
March 14, 2017
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Capital LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
1,614,556
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
1,614,556
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,614,556
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.4% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 
 
(1)
Based on 30,059,374 shares of common stock, par value $0.01 per share (“Common Stock”) outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374 shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Emanuel J. Friedman
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
1,614,556
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
1,614,556
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,614,556
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.4% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Sidecar Fund, Series LLC – Series E
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
1,016,456
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
1,016,456
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,016,456
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.4% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Income Fund, LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
35,000
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
35,000
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
35,000
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
0.1% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Income GP, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
35,000
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
35,000
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
35,000
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
0.1% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Financial Services Fund, LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
563,100
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
563,100
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
563,100
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
1.9% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
CUSIP No. 108621103
13G
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
EJF Financial Services GP, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
563,100
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
563,100
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
563,100
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
1.9% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Based on 30,059,374 shares of Common Stock outstanding, as reflected in the Issuer’s Prospectus dated March 13, 2018, as filed by the Issuer with the SEC on March 14, 2018 (indicating that the total amount of Common Stock outstanding after the Issuer’s public offering of 6,700,000 shares of Common Stock, and the full exercise of the underwriters’ over-allotment option of 1,005,000 additional shares of Common Stock, would be 30,059,374  shares), and the Issuer’s March 16, 2018 Press Release, as filed by the Issuer with the SEC on a Form 8-K dated March 16, 2018 (indicating that the public offering had closed and the underwriters had fully exercised their option to purchase additional shares in the over-allotment).
 
 
Item 1(a). Name of Issuer:
 
Bridgewater Bancshares, Inc.
 
Item 1(b). Address of Issuer's Principal Executive Offices:
 
3800 American Boulevard West, Suite 100
Bloomington, Minnesota 55431

Item 2(a). Name of Person Filing:
 
This Schedule 13G is being filed on behalf of the following persons (the “Reporting Persons”)*:

(i)
EJF Capital LLC;
(ii)
Emanuel J. Friedman;
(iii)
EJF Sidecar Fund, Series LLC – Series E (“Sidecar E”);
(iv)
EJF Income Fund, LP (the “Income Fund”);
(v)
EJF Income GP, LLC;
(vi)
EJF Financial Services Fund, LP (the “Financial Services Fund”); and
(vii)
EJF Financial Services GP, LLC.

*Attached as Exhibit A is a copy of an agreement among the Reporting Persons that this Schedule 13G is being filed on behalf of each of them.

Item 2(b). Address of Principal Business Office or, if none, Residence:
 
The address of the principal business office of each Reporting Person is:

2107 Wilson Boulevard
Suite 410
Arlington, VA 22201

Item 2(c). Citizenship:

See Item 4 of the attached cover pages.

Item 2(d). Title of Class of Securities:
 
Common Stock, par value $0.01 per share (“Common Stock”)
 
Item 2(e). CUSIP Number:
 
108621103
 
Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
 
Not applicable.
 
Item 4. Ownership
 
(a)
Amount beneficially owned:
 
 
 
See Item 9 of the attached cover pages.
 
 
(b)
Percent of class:
 
 
 
See Item 11 of the attached cover pages.
 
 
(c)
Number of shares as to which such person has:
 
 
 
(i)
Sole power to vote or to direct the vote:
 
 
 
 
See Item 5 of the attached cover pages.
 
 
 
(ii)
Shared power to vote or to direct the vote:
 
 
 
 
See Item 6 of the attached cover pages.
 
 
 
(iii)
Sole power to dispose or to direct the disposition:
 
 
 
 
See Item 7 of the attached cover pages.
 
 
 
(iv)
Shared power to dispose or to direct the disposition:
 
 
 
 
See Item 8 of the attached cover pages.
 
EJF Sidecar Fund, Series LLC – Series E is the record owner of the number of shares of Common Stock shown on item 9 of its respective cover page.

The Income Fund is the record owner of the number of shares of Common Stock shown on item 9 of its respective cover page.

EJF Income GP, LLC is the general partner of the Income Fund and the investment manager of an affiliate thereof and may be deemed to share beneficial ownership of the shares of Common Stock of which the Income Fund is the record owner. 

The Financial Services Fund is the record owner of the number of shares of Common Stock shown on item 9 of its respective cover page.

EJF Financial Services GP, LLC is the general partner of the Financial Services Fund and an investment manager of certain affiliates thereof and may be deemed to share beneficial ownership of the shares of Common Stock of which the Financial Services Fund is the record owner. 

EJF Capital LLC is the managing member of Sidecar E (and the investment manager of an affiliate thereof) and the sole member of both EJF Financial Services GP, LLC and EJF Income GP, LLC, and may be deemed to share beneficial ownership of the shares of Common Stock of which such entities may share beneficial ownership.

Emanuel J. Friedman is the controlling member of EJF Capital LLC and may be deemed to share beneficial ownership of the shares of Common Stock over which EJF Capital LLC may share beneficial ownership.
 
Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

Not applicable.
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.
 
Item 10.
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  March 23, 2018
 
 
EJF CAPITAL LLC
  
     
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EMANUEL J. FRIEDMAN
  
     
 
By:
/s/ Emanuel J. Friedman
  
 
Name:
Emanuel J. Friedman
  
 
 
 
 
EJF SIDECAR FUND, SERIES LLC – SERIES E
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Managing Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF INCOME FUND, LP
  
     
  By: 
EJF INCOME GP, LLC
  
  Its: General Partner  
       
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF INCOME GP, LLC
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF FINANCIAL SERVICES FUND, LP
  
     
  By: 
EJF FINANCIAL SERVICES GP, LLC
  
  Its: General Partner  
       
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF FINANCIAL SERVICES GP, LLC
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
 
EXHIBIT A
 

The undersigned, EJF Capital LLC, a Delaware limited liability company, Emanuel J. Friedman, EJF Sidecar Fund, Series LLC – Series E, a Delaware separate series limited liability company, EJF Income Fund, LP, a Delaware limited partnership, EJF Income GP, LLC, a Delaware limited liability company, EJF Financial Services Fund, LP, a Delaware limited partnership, and EJF Financial Services GP, LLC, a Delaware limited liability company, hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them.  The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.
 
Dated:  March 23, 2018
 
 
EJF CAPITAL LLC
  
     
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EMANUEL J. FRIEDMAN
  
     
 
By:
/s/ Emanuel J. Friedman
  
 
Name:
Emanuel J. Friedman
  
 
 
 
 
EJF SIDECAR FUND, SERIES LLC – SERIES E
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Managing Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF INCOME FUND, LP
  
     
  By: 
EJF INCOME GP, LLC
  
  Its: General Partner  
       
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF INCOME GP, LLC
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF FINANCIAL SERVICES FUND, LP
  
     
  By: 
EJF FINANCIAL SERVICES GP, LLC
  
  Its: General Partner  
       
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer
  
 
 
 
 
EJF FINANCIAL SERVICES GP, LLC
  
     
  By:
EJF CAPITAL LLC
  
  Its:
Sole Member
  
       
 
By:
/s/ Neal J. Wilson
  
 
Name:
Neal J. Wilson
  
 
Title:
Chief Operating Officer