Blackhawk Begins Trading on OTCQX
November 18 2014 - 10:15AM
Business Wire
Blackhawk Bancorp, Inc. (OTCQX: BHWB) announced that its
common stock began trading today on OTCQX, the best marketplace for
established global and growth companies operated by OTC Markets
Group Inc. Prior to this, the company’s shares traded on the OTCQB
venture marketplace. The Company’s ticker symbol “BHWB” remains the
same.
OTCQX for banks is an expansion of the OTCQX marketplace that
was created for strongly capitalized and well managed banks that
have committed to provide higher level reporting and greater
transparency. To qualify for OTCQX a bank must meet high financial
standards, be current with its regulatory reporting and post
quarterly results and report material events in a timely manner.
These banks must also appoint a Corporate Broker, a FINRA member
broker-dealer specializing in bank stocks, to serve as their OTCQX
advisor. FIG Partners LLC, a nationally recognized firm
specializing in banks, will serve as Blackhawk’s Corporate Broker
on OTCQX.
“We are pleased that Blackhawk Bancorp was approved to trade on
the OTCQX marketplace,” said Todd James, the Company’s Chief
Financial Officer. “The increased visibility and transparency of
the marketplace is expected to increase the liquidity of our shares
and ultimately improve shareholder value. The transparency of the
OTCQX marketplace is consistent with the corporate governance and
reporting practices already being followed by Blackhawk,” he
added.
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
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.comorTodd James, Executive Vice
President & CFOtjames@blackhawkbank.comPhone: (608)
364-8911
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