Blackhawk Bancorp, Inc. Declares 75th Consecutive Dividend
December 03 2008 - 11:50AM
PR Newswire (US)
BELOIT, Wis., Dec. 3 /PRNewswire-FirstCall/ -- The Board of
Directors of Blackhawk Bancorp, Inc. (OTC:BHWB) (BULLETIN BOARD:
BHWB) has declared the Company's 75th consecutive quarterly cash
dividend. Shareholders of record on December 19, 2008 will be paid
a dividend of $0.09 per share on January 5, 2009. This amounts to
36 cents per share on an annualized basis, representing a yield of
approximately 3.6% on the stock's recent trading price. The
announcement was made today by Blackhawk's President and Chief
Executive Officer, R. Richard Bastian, III. Blackhawk Bancorp,
Inc., with total assets of approximately $486,300,000, is the
parent company of Blackhawk State Bank, which operates eight
banking centers in south central Wisconsin and north central
Illinois. The stock of Blackhawk Bancorp, Inc. is traded Over the
Counter under the symbol BHWB. When used in this communication, the
words "believe," "expect," "anticipate," "plan," "estimate," "may,"
"will" or 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. DATASOURCE: Blackhawk Bancorp, Inc. CONTACT: R.
Richard Bastian, President and Chief Executive Officer, or Todd J.
James, Executive Vice President and Chief Financial Officer, both
of Blackhawk Bancorp, Inc., +1-608-364-8911; or Woody Wallace of
The Investor Relations Company, +1-312-245-2700, for Blackhawk
Bancorp, Inc.
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