Blackhawk Bancorp Retains The Investor Relations Company
February 28 2008 - 11:09AM
PR Newswire (US)
CHICAGO, Feb. 28 /PRNewswire-FirstCall/ -- Blackhawk Bancorp, Inc.
(OTC:BHWB) (BULLETIN BOARD: BHWB) and The Investor Relations
Company today announced Blackhawk Bancorp has hired the company to
assist in creating and implementing an investor relations program.
Blackhawk Bancorp, based in Beloit, Wisconsin, has seven banking
locations and assets exceeding $450 million. Blackhawk currently
serves communities in southern Wisconsin and northern Illinois,
including the counties of Rock, Boone, and Winnebago. Blackhawk
reported 2007 earnings of $1.03 per fully diluted share or
$2,291,000. Based upon its closing market price of $10.00 on
February 19, 2008, Blackhawk had a market capitalization of
approximately $21.7 million. "The Investor Relations Company's
assignment is to work closely with Blackhawk as we launch a
corporate re-branding effort. Our relationship with IRC is
opportune, as management is laying the foundation for several
growth initiatives we believe will build shareholder value," said
Richard Bastian III, President and CEO. IRC Chairman and CEO
Sherwood Lee Wallace stated, "IRC has a long history assisting
banks establish visibility and gain support in the financial
markets. Blackhawk Bancorp has substantial growth opportunities in
Rockford, Illinois and other demographically shifting and
underserved markets. We look forward to working closely with
Blackhawk's management team to achieve their corporate objectives."
Blackhawk Bancorp, Inc. is the parent company of Blackhawk State
Bank, which operates seven office locations in south central
Wisconsin and north Central Illinois, along the US 90 corridor from
Rockford, Ill. to Beloit, Wis. Blackhawk's locations Blackhawk
serves 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
trust, estate and succession planning. The bank has received
numerous accolades for its work with the fast-growing Hispanic
population in its served markets. The Investor Relations Company
(http://www.tirc.com/) is a 26-year-old IR consultancy based in
Chicago, providing a full range of services nationally for small
and medium size public companies with market values up to $2
billion. The company's Chairman, Sherwood Lee Wallace, is co-author
of New Dimensions in Investor Relations, published by John Wiley
& Sons, cited by industry specialists as the best textbook yet
written on investor relations. It can be ordered from the
publisher, from the National Investor Relations Institute or from
IRC. DATASOURCE: Blackhawk Bancorp, Inc. CONTACT: Jacob Eisen, or
Tad Gage, both of The Investor Relations Company, +1-312-245-2700,
for Blackhawk Bancorp, Inc. Web site: http://www.tirc.com/
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