News Column

Blackhawk Names Adkins President

August 26, 2014

BELOIT, Wis.--(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

Blackhawk Bancorp, Inc.

R. Richard Bastian, III, Chairman & CEO


David K. Adkins, President

Phone: (608) 364-8911

Source: Blackhawk Bancorp, Inc.

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Source: Business Wire

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