Blackhawk Bancorp Appoints Executives to New Posts
January 10 2014 - 10:14AM
Business Wire
Blackhawk Bancorp, Inc. announced that R. Richard Bastian,
President and Chief Executive Officer, has been given additional
responsibilities as the Chairman of the Board of both the Company
and its subsidiary, Blackhawk Bank. David Adkins, Executive Vice
President, has been promoted to Chief Operating Officer. Todd James
remains Executive Vice President and Chief Financial Officer.
Bastian, Adkins and James will be the executive officers of
Blackhawk Bancorp.
“With the Great Recession behind us, these changes will allow
Blackhawk to focus on opportunities for organic growth and growth
through merger or acquisition while we continue our commitment to
improving the profitability and performance of Blackhawk Bank,”
said Bastian. “Todd and Dave are part of an outstanding management
team that has done a great job guiding both the bank and its
clients through challenging times,” he continued.
Adkins joined the bank in 2004 as Senior Vice President,
Mortgage Lending with over 31 years of banking experience. He most
recently served as Executive Vice President of Consumer Banking.
Adkins is a graduate of Illinois Wesleyan University and the
Graduate School of Banking. James, a CPA, joined the Company as
Senior Vice President and Chief Financial Officer in 2002 and is a
graduate of Truman State University and the Graduate School of
Banking.
About Blackhawk Bancorp
Blackhawk Bancorp, Inc. is headquartered in Beloit, Wisconsin
and is the parent company of Blackhawk Bank, which operates eight
banking centers in south central Wisconsin and north central
Illinois, along the I-90 corridor from Belvidere, Illinois to
Beloit, Wisconsin. Blackhawk’s locations serve individuals and
small businesses, primarily with fewer than 200 employees. The
Company offers a variety of value-added consultative services to
small businesses and their employees related to its banking
products such as health savings accounts and investment
management.
Forward-Looking Statements
When used in this communication, the words “believes,”
“expects,” and similar expressions are intended to identify
forward-looking statements. The Company’s actual results may differ
materially from those described in the forward-looking statements.
Factors which could cause such a variance to occur include, but are
not limited to: heightened competition; adverse state and federal
regulation; failure to obtain new or retain existing customers;
ability to attract and retain key executives and personnel; changes
in interest rates; unanticipated changes in industry trends;
unanticipated changes in credit quality and risk factors, including
general economic conditions; success in gaining regulatory
approvals when required; changes in the Federal Reserve Board
monetary policies; unexpected outcomes of new and existing
litigation in which Blackhawk or its subsidiaries, officers,
directors or employees is named defendants; technological changes;
changes in accounting principles generally accepted in the United
States; changes in assumptions or conditions affecting the
application of “critical accounting policies”; and the inability of
third party vendors to perform critical services for the Company or
its customers.
Further information is available on the Company’s website at
www.blackhawkbank.com.
Blackhawk Bancorp, Inc.Todd J. James, 608.299.3476
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