ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 26, 2021

The Annual Meeting (the “Annual Meeting”) of Shareholders of Bankwell Financial Group, Inc. (the “Company”) will be held at Woodway Country Club, 540 Hoyt Street, Darien, Connecticut 06820*, on Wednesday, May 26, 2021 at 8:00 a.m.

*The Company intends to hold the Annual Meeting in person. However, the Company is closely monitoring the coronavirus (COVID-19) situation and is sensitive to public health and travel concerns and the protocols that federal, state, and local governments may continue to impose. There is a possibility that the Company may need to reconsider the date, time, method and/or location of the Annual Meeting. If the Company determines it necessary to make such changes, the Company will announce the decision to do so in advance in a press release and by filing additional proxy materials with the Securities and Exchange Commission, which will be available on the Company's website at http://investor.mybankwell.com. As always, the Company encourages you to vote your shares prior to the Annual Meeting.