Blackhawk Names Adkins President
August 26 2014 - 12:33PM
Business Wire
Rick Bastian, Chairman and CEO of Blackhawk Bancorp, Inc.
(OTCBB: BHWB), announced that David K. Adkins, executive
vice president and chief operating officer, was appointed president
of Blackhawk Bancorp, Inc. and its subsidiary, Blackhawk Bank. He
was also appointed a director of the bank and its parent. As chief
executive officer, Bastian will continue to be responsible for the
company’s overall performance and strategic direction while Adkins
assumes day-to-day responsibility for most of the bank’s
operations.
Adkins, a ten-year veteran of Blackhawk, brings over thirty
years of diverse banking experience to the position. “We are
fortunate to have someone with Dave’s talent and skill help lead
Blackhawk into the future,” remarked Bastian. “He is a proven
leader who has shown a remarkable commitment to client service,
relationship building and out of the box thinking,” he
continued.
Adkins graduated from Illinois Wesleyan University with a BS in
Business Administration. He is a 2009 graduate of the Graduate
School of Banking and has attended a number of bank-related schools
and conferences including the Wisconsin Banking Association’s
Commercial Lending School. He has served the community as Board
Member and Treasurer of the Belvidere YMCA, Board Member of Growth
Dimensions, Chair and Treasurer of Vision 100 Referendum, past
President of Forest Hills Country Club, and is a member of the
Cosmopolitan Club.
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
Janesville, 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, Chairman
& CEOrbastian@blackhawkbank.comorDavid K. Adkins,
Presidentdadkins@blackhawkbank.comPhone: (608) 364-8911
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