Leadership and Directors

Strategic Leadership Team

Jerry Baack
Jerry Baack
President and Chief Executive Officer
Jerry Baack As the principal founder of the Company and the Bank, Mr. Baack was responsible for all aspects of the Bank’s formation; including, the initial capital raise, business plan, board and management team structure and recruitment, charter and regulatory approval.  He currently serves as Chairman of the Board, Chief Executive Officer and President of the Company, positions he has held since the Bank was founded in 2005.  As the chief visionary and strategist, Mr. Baack plays a vital role in business development and is instrumental in defining strategic initiatives and ascertaining new opportunities for growth. Mr. Baack drives all decisions regarding mergers and acquisitions, capital management and diversification.  Prior to establishing Bridgewater Bank in 2005, Mr. Baack held positions at Commerce Bank, First State Bank of Excelsior (nka Beacon Bank), Hampton Bank (nka Merchants Bank).  He began his career as a bank examiner with the Federal Deposit Insurance Corporation in 1990, where he worked for over seven years. He has over 25 years of commercial banking and regulatory experience. As a result of the Bank’s continued success, Mr. Baack was awarded Banker of the Year by Northwestern Financial Review in 2017. Additionally, Mr. Baack was recognized as a nominee for the 2017 Entrepreneur of the Year award by Ernst & Young. Mr. Baack received his B.S. from Minnesota State University in 1989 and Graduate School of Banking at University of Colorado, Boulder in 2001.
Mary Jayne Crocker
Mary Jayne Crocker
Executive Vice President and Chief Operating Officer
Mary Jayne Crocker Mrs. Crocker has been with the Bank since its origin and serves as Executive Vice President and Chief Operating Officer. She is responsible for directing the implementation of all strategic initiatives and overseeing retail banking, marketing, daily operations, technology and human resources. Prior to joining Bridgewater Bank in 2005, Mrs. Crocker held positions with Commerce Bank in Edina and began her financial career in brokerage at the Montreal Stock Exchange. Mrs. Crocker has over 20 years of experience in the financial services industry. She led the integration of the acquisition of First National Bank of the Lakes in 2016 and chairs the Bank's IT Steering Committee.

In 2013, Mrs. Crocker was recognized as one of the Top Women in Finance in the Twin Cities by Finance & Commerce. Furthermore, she was honored as one of the Top Women in Business for 2017 by the Minneapolis/St. Paul Business Journal. Mrs. Crocker is a member of the MSPBJ Women's Leadership Council and currently serves on the board of the Habitat for Humanity of Minnesota and the Bank Holding Company Association. She received her B.C. from McMaster University in Ontario and is an alumna of The Institute of Certified Bankers.
Jeffrey D. Shellberg
Jeffrey D. Shellberg
Executive Vice President and Chief Credit Officer
Jeffrey D. Shellberg Mr. Shellberg is a founder of the Company and founding director of the board. He has worked in the regulatory and commercial banking industry for over 30 years. As Executive Vice President and Chief Credit Officer, Mr. Shellberg is responsible for all aspects of the Bank’s credit policies and risk management systems. Prior to 2013, Mr. Shellberg oversaw the lending division in addition to his responsibilities as Chief Credit Officer. He currently chairs the loan and appraisal committees and plays an integral role in credit actions on the Bank’s largest lending relationships. He serves as the primary contact with all regulatory agencies. Mr. Shellberg’s extensive experience in community banking includes strategic planning, policy formation, risk management, asset and liability management, as well as external/internal audit. Prior to joining Bridgewater Bank, Mr. Shellberg was Senior Vice President of Klein Bank and began his banking career at the Federal Deposit Insurance Corporation in 1985, where he worked for 15 years. He is a frequent guest panelist at commercial real estate forums across the Twin Cities. Mr. Shellberg received his B.S. from Iowa State University and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
Joseph M. Chybowski
Joseph M. Chybowski
Senior Vice President and Chief Financial Officer
Joseph M. Chybowski Mr. Chybowski serves as Senior Vice President and Chief Financial Officer and has been with Bridgewater Bank since 2013. Mr. Chybowski manages all financial-related activities, including but not limited to accounting, regulatory reporting, liquidity management, investment strategies, insurance and capital development. He directs all financial initiatives for the Bank. Mr. Chybowski chairs the Bank’s Asset/Liability Committee as well as the Investment Committee. Prior to joining the Bank, Mr. Chybowski worked with Performance Trust Capital Partners in Chicago. He currently serves on the board of People Serving People, Minnesota’s largest and most comprehensive homeless shelter. Mr. Chybowski received his B.S. from North Park University in Chicago and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
Nicholas L. Place
Nicholas L. Place
Senior Vice President and Chief Lending Officer
Nicholas L. Place As Senior Vice President and Chief Lending Officer, Nick place oversees a talented team of lenders in addition to a very active portfolio of loans. Mr. Place joined the Bank in 2007. Under his leadership the Bank has seen consistent growth exceeding $400 million in new production through each of the last two years. In addition to his managerial responsibilities, Mr. Place is actively engaged in loan originations, primarily focusing on real estate lending in the Minneapolis/St. Paul metro area. Mr. Place has been instrumental in strategically developing specialty loan products in response to market demands. Mr. Place is often a guest speaker on numerous commercial real estate panels throughout the Twin Cities. Prior to joining the Bank, he was employed at Ameriprise Financial. He started his career in banking at Wells Fargo. Mr. Place received his B.A and B.S. from the University of St. Thomas and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
Lisa M. Salazar
Lisa M. Salazar
Senior Vice President Deposit Services and Emerging Products
Lisa M. Salazar

As Senior Vice President Deposit Services and Emerging Products, Ms. Salazar is responsible for driving accountability and results through initiatives that deliver revenue growth, market share, new business opportunities and market penetration. She leads a very talented team of deposit services professionals with a focus on providing an unconventional and highly customer-centric experience. In addition to managing the deposit channel of Bridgewater Bank, Ms. Salazar is responsible for leading the strategic direction of the Bank's product offerings by maintaining awareness of industry trends to enhance the overall client experience.

Focusing primarily on all aspects of deposit and fee income generation for commercial banking, Ms. Salazar has over 26 years of experience in the financial services industry. Prior to joining Bridgewater Bank, Mrs. Salazar was with TCF National Bank for 23 years, and First National Bank of North Dakota (nka Alerus Financial) for three years. She graduated from Minnesota State University Moorhead and holds her Certified Treasury Professional Certification.

Board of Directors

Jerry Baack
Jerry Baack
Chairman of the Board
Jerry Baack As the principal founder of the Company and the Bank, Mr. Baack was responsible for all aspects of the Bank’s formation; including, the initial capital raise, business plan, board and management team structure and recruitment, charter and regulatory approval.  He currently serves as Chairman of the Board, Chief Executive Officer and President of the Company, positions he has held since the Bank was founded in 2005.  As the chief visionary and strategist, Mr. Baack plays a vital role in business development and is instrumental in defining strategic initiatives and ascertaining new opportunities for growth. Mr. Baack drives all decisions regarding mergers and acquisitions, capital management and diversification.  Prior to establishing Bridgewater Bank in 2005, Mr. Baack held positions at Commerce Bank, First State Bank of Excelsior (nka Beacon Bank), Hampton Bank (nka Merchants Bank).  He began his career as a bank examiner with the Federal Deposit Insurance Corporation in 1990, where he worked for over seven years. He has over 25 years of commercial banking and regulatory experience. As a result of the Bank’s continued success, Mr. Baack was awarded Banker of the Year by Northwestern Financial Review in 2017. Additionally, Mr. Baack was recognized as a nominee for the 2017 Entrepreneur of the Year award by Ernst & Young. Mr. Baack received his B.S. from Minnesota State University in 1989 and Graduate School of Banking at University of Colorado, Boulder in 2001.
James S. Johnson
James S. Johnson
Director
James S. Johnson Mr. Johnson is a founding director of the board. He is a franchise owner of Flagship Marketing, Inc., a privately-held company that operates as Express Employment Professionals (Express) and Specialized Recruiting Group (SRG), which both deliver staffing support and human resource services through a network of franchise office owners. Since 1994, Mr. Johnson’s franchises in the Twin Cities have focused primarily in the office services, light industrial and professional staffing segments. Mr. Johnson sits on the board for the Minnesota Recruiting and Staffing Association where he is the immediate Past Chair. He has experience serving as director of other organizations, including Gillette Children’s Specialty Healthcare. Mr. Johnson received his B.A. and B.S. from Iowa State University. As a prominent business owner and long-standing resident of Minnesota, Mr. Johnson has significant ties to other local business leaders.
David B. Juran
David B. Juran
Director
David B. Juran Mr. Juran, a member of the Bridgewater Bank Board since 2010, is the Executive Vice President of Dougherty & Company LLC, a full-service investment bank and brokerage firm founded in 1997. He has been with his company since 2002 and is also a member of the Board of Directors of Dougherty Financial Group LLC, President of Dougherty Funding LLC, President of Dougherty Equipment Finance LLC, Chief Executive Officer of Dougherty Real Estate Advisors LLC and President and Chief Operating Officer of Dougherty Mortgage LLC. Dougherty Mortgage LLC specializes in financing market rate, affordable and senior housing throughout the United States. Prior to joining Dougherty & Company, Mr. Juran served as Senior Vice President of a regional investment banking firm for over 14 years. Mr. Juran serves on the board of several non-profits, including Summit Academy and Minnesota Attainable Housing. He received his B.S. from the University of St. Thomas and is fully licensed under NASD Series 7 and 63. His particular expertise in programs supporting the creation of multifamily housing, assisted living and affordable housing coupled with his knowledge of lending through HUD, GNMA and Fannie Mac provides the Board with solid insights into these unique market areas.
Jeffrey D. Shellberg
Jeffrey D. Shellberg
Director
Jeffrey D. Shellberg Mr. Shellberg is a founder of the Company and founding director of the board. He has worked in the regulatory and commercial banking industry for over 30 years. As Executive Vice President and Chief Credit Officer, Mr. Shellberg is responsible for all aspects of the Bank’s credit policies and risk management systems. Prior to 2013, Mr. Shellberg oversaw the lending division in addition to his responsibilities as Chief Credit Officer. He currently chairs the loan and appraisal committees and plays an integral role in credit actions on the Bank’s largest lending relationships. He serves as the primary contact with all regulatory agencies. Mr. Shellberg’s extensive experience in community banking includes strategic planning, policy formation, risk management, asset and liability management, as well as external/internal audit. Prior to joining Bridgewater Bank, Mr. Shellberg was Senior Vice President of Klein Bank and began his banking career at the Federal Deposit Insurance Corporation in 1985, where he worked for 15 years. He is a frequent guest panelist at commercial real estate forums across the Twin Cities. Mr. Shellberg received his B.S. from Iowa State University and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
Thomas P. Trutna
Thomas P. Trutna
Director
Thomas P. Trutna Mr. Trutna is a founding director of the board. He is the President and Founder of BIG INK, a visual communications company that creates branded solutions for Fortune 1000 companies, an organization he has run since 1999. Prior to founding BIG INK, Mr. Trutna held marketing and business management positions at General Mills and Periscope, a Twin cities advertising firm. Mr. Trutna serves as Past President of the Minnesota Chapter Entrepreneurs’ Organization and is a frequent guest lecturer for entrepreneurial classes and professional organizations across the Twin Cities. Mr. Trutna received his B.S. from Minnesota State University, Mankato. Mr. Trutna’ s reputation in the E.O. community provides unique networking opportunities for the Bank. As a lifelong resident of St. Paul his connections will be invaluable as the Bank pursues this new geographic market.
Todd B. Urness
Todd B. Urness
Director
Todd B. Urness Mr. Urness is a founding director of the board. He is a shareholder at the law firm of Winthrop & Weinstine, P.A., a 135 lawyer general practice firm located in Minneapolis, Minnesota. Mr. Urness has practiced with Winthrop & Weinstine since 1985 and has been a shareholder with the firm since 1988. He has served on the Board of Directors of Winthrop & Weinstine as well as its senior management and compensation committees since 1993. In addition, he is the practice leader for the law firm’s real estate group. He holds a B.A. from Gustavus Adolphus College and a J.D. from the University of Minnesota School of Law. In addition, Mr. Urness is a Certified Public Accountant and a member of the Minnesota Bar. Mr. Urness’ involvement in real estate also expands to the development and ownership of several local real estate projects, primarily multifamily housing.
David J. Volk
David J. Volk
Director
David J. Volk Mr. Volk is a principal at Castle Creek Capital, an alternative asset management firm focused on the community banking industry located in Rancho Santa Fe, California. He has been with Castle Creek Capital since 2005 and has led or supported investments in numerous recapitalization, distressed, and growth situations. Prior to joining the firm, he worked as an associate with TW Associates Capital, Inc. and Ernst & Young. Mr. Volk currently serves as a director of multiple banking institutions, including Bank of Southern California and New Mexico First Financial. Mr. Volk holds a B.S. from Santa Clara University and an M.S. from the University of Virginia. Mr. Volk joined the board in 2017 and has extensive financial institution experience in strategic planning, operational improvements, acquisitions, and capital financing.
Douglas J. Parish
Douglas J. Parish
Director
Douglas J. Parish Mr. Parish is the former Senior Vice President and Chief Compliance Officer for Ameriprise Financial, Inc. a Fortune 250 diversified financial services company. He was with Ameriprise since the company’s spin-off from American Express in 2005 and was responsible for building the internal audit functions at Ameriprise. Prior to his tenure at Ameriprise, Mr. Parish was Vice President and Chief Internal Auditor at Ceridian Corporation and held numerous audit roles at Citigroup. He holds a B.A. from St. Olaf College and currently serves as a board member for several Twin Cities’ non-profit organizations, including the Children’s Theatre Company, Northern Star Council (Boy Scouts of America) and Greater Twin Cities Youth Symphonies. Mr. Parish joined the board in 2018 and has 30 years of diverse experience across several financial disciplines including accounting/finance, audit, risk management, regulatory compliance and corporate governance.