Blackhawk Bancorp, Inc. Declares Common Stock Dividend
April 21 2014 - 2:08PM
Business Wire
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports that its
Board of Directors has declared a cash dividend on the Company’s
common stock. Shareholders of record on May 16, 2014 will be paid a
dividend of $0.02 per share on May 30, 2014. This amounts to $0.08
per share on an annualized basis. This is the first common stock
dividend declared by the company since the third quarter of
2009.
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.R. Richard Bastian, III, President
& CEOrbastian@blackhawkbank.comorTodd J. James, EVP &
CFOtjames@blackhawkbank.comPhone: (608) 364-8911
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