New Canaan-based Bankwell Financial Group, Inc. (NASDAQ: BWFG), which has a branch in Wilton, reported GAAP net income of $2.9 million for the second quarter of 2016. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.3 billion, driven by continued strong organic growth.

The company's board of directors declared a $0.05 per share cash dividend, payable Aug. 26, 2016, to shareholders of record on Aug. 16, 2016.