Blackhawk Bancorp, Inc.
OTCQX : BHWB

Blackhawk Bancorp, Inc.

November 19, 2015 12:28 ET

Lucas Derry Appointed Director of Blackhawk Bancorp

BELOIT, WISCONSIN--(Marketwired - Nov. 19, 2015) - Blackhawk Bancorp, Inc. (OTCQX:BHWB) Beloit, WI announced the appointment of Lucas Derry, president of Header Die and Tool, as a director of Blackhawk Bancorp, Inc., and its wholly owned subsidiary Blackhawk Bank. A graduate of the University of Wisconsin Whitewater, Mr. Derry joined the family-owned business in 2002 and ultimately purchased it from his father in 2009. His success with the company earned him the designation as the Rockford Chamber of Commerce 2013 Manufacturer of the Year. Mr. Derry is also President and board member of the Rock River Valley Machining and Tooling Association.

"Lucas' background in manufacturing and experience in ownership transitions between generations will provide valuable insight into the strategic direction of the bank," said Rick Bastian, chairman and CEO.

Derry was appointed by the board of directors as of November 18, 2015 to serve the remaining term of an open position that expires in 2016. He will be up for re-election at the Company's 2016 annual shareholder meeting.

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"; inability to recover previously recorded losses as anticipated, 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.

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