BELOIT, Wis., May 2, 2012 /PRNewswire/ -- Blackhawk
Bancorp, Inc. (OTCBB: BHWB) parent of Beloit based Blackhawk
Bank, announced that it has retained River Branch Capital
LLC as a strategic financial advisor for capital raising advice and
execution. Headquartered in Chicago, River Branch Capital is an investment
bank with extensive experience in the financial services industry
including merger and acquisition advisory services. It is a
wholly-owned subsidiary of River Branch Holdings LLC, an
international merchant bank.
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"We are delighted to partner with River
Branch as we position Blackhawk to take advantage of
tremendous organic growth opportunities and the expected
consolidation of our industry," said R.
Richard Bastian, III, president and chief executive officer
of Blackhawk. "We are committed to keeping Blackhawk strong
and provide increased value and liquidity to our shareholders over
time," he added.
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
Beloit, 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.
SOURCE Blackhawk Bancorp, Inc.