‌Exhibit 21.1

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LIST OF SUBSIDIARIES OF BRIDGEWATER BANCSHARES, INC.

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Subsidiary			​	Organized Under Laws of
Bridgewater Bank	​	​	​	Minnesota
​	​	Subsidiaries of Bridgewater Bank:	​	​
​	​	Bridgewater Investment Management, Inc.	​	Minnesota
​	​	BWB Holdings, LLC	​	Minnesota

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