Bridgewater Bank

Office address: Suite 150, 926 – 5th Avenue SW Calgary, Alberta T2P 0N7
Year established: 1997
Company type: banking
Employees: over 130
Expertise: residential mortgages, deposits, credit cards, GICs, HISAs
Parent company: Alberta Motor Association
CEO and key people: Dave Fromow, COO
Financing status: -

Bridgewater Bank is a Schedule I chartered bank that specializes in residential mortgages and deposits.  It’s a member of various regulatory organizations such as the Canadian Deposit Insurance Corporation (CDIC) and Canada Mortgage and Housing Corporation (CMHC).

History of Bridgewater Bank

Established in 1997 as a wholly-owned subsidiary of the Alberta Motor Association (AMA), Bridgewater Bank has grown to manage over $3.3 billion in residential mortgages and deposits for over 53,000 accounts across Canada.

The bank has maintained its Western Canadian roots while expanding its reach and services nationally. It has no branches like other banks; it operates through a network of brokers. This setup allows Bridgewater Bank to focus less on logistics and more on customers.  

Products and Services of Bridgewater Bank

Bridgewater Bank offers a range of products and services, each designed to meet the unique needs of its clients:

  • residential mortgages: specializing in competitive mortgage solutions, Bridgewater Bank offers flexible options to suit their clientele’s goals
  • Guaranteed Investment Certificates (GICs): offering both short-term and long-term GICs, the bank provides secure investment options with guaranteed rates
  • High-Interest Savings Accounts (HISAs): the Smart eSavings account is a convenient, low-risk option for growing money starting at $25 as initial deposit, no minimum ongoing balance required

Culture at Bridgewater Bank

Bridgewater Bank fosters a dynamic and progressive work environment. The bank values a balance between work and personal life, ensuring reasonable work hours for its employees.

The team at Bridgewater Bank is committed to delivering solutions that work best for their customers. To help the workforce perform its best, the bank offers comprehensive and flexible rewards packages, various training and leadership programs, and opportunities for career advancement.

Bridgewater Bank's culture is centered around passion, growth, and a commitment to its employees' success.

About Bridgewater Bank COO Dave Fromow

Dave Fromow's appointment as COO of Bridgewater Bank in April 2023 marked a significant milestone in his banking career. Fromow has held various executive roles in finance, credit, and risk leadership. His expertise in securitization, residential and commercial lending, enterprise risk management, and strategic planning has been instrumental in his career progression.

His journey at Bridgewater Bank began when he joined as vice president of Enterprise Risk in 2020. Fromow was promoted to interim COO in September 2022, following the retirement of the former COO. The appointment was made official in April 2023.

Fromow's educational background includes an Executive Master of Business Administration and a Chartered Financial Analyst (CFA) charter, which he has held since 2017.

The future at Bridgewater Bank

Bridgewater Bank looks forward to continued growth and innovation in the financial sector. Under David Fromow’s leadership, the bank remains focused on providing superior customer service and innovative solutions for its clients across Canada. Fromow says, “As we continue to grow, we will remain committed to helping Canadians achieve their financial dreams. We can’t wait for what the future has in store for Bridgewater Bank."

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