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The $558 million-asset company said Monday that it would use proceeds from the sale to retire its senior debt and support its balance sheet.
April 1 -
WASHINGTON — The Treasury Department said Thursday it will auction off its preferred shares in 11 more institutions that remain in the Troubled Asset Relief Program.
October 18
Blackhawk Bancorp (BWHB) in Beloit, Wis., announced several executive changes.
The $586 million-asset company said in a press release that it had tapped David Adkins, executive vice president of consumer banking, to fill the newly created post of chief operating officer. He joined Blackhawk in 2004 as senior vice president of the mortgage lending division.
Blackhawk also named R. Richard Bastian, its president and chief executive, as chairman.
"With the Great Recession behind us, these changes will allow Blackhawk to focus on opportunities for organic growth and growth through merger or acquisition while we continue our commitment to improving the profitability and performance of Blackhawk Bank," Bastian said in a release.
Blackhawk has six branches in Illinois and two in Wisconsin.
