Bankwell Financial Group, Inc. and its wholly-owned subsidiary Bankwell Bank, announces the departure of Penko Ivanov, Chief Financial Officer (“CFO”), effective December 31, 2022. The Company has begun a search for qualified candidates for the CFO position. Effective January 1, 2023, Mr. Ivanov will act as interim CFO as a consultant to the Company through the filing of its 2022 year-end financial reports to assure an orderly transition.