- CEO
- Todd J. James
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 400 Broad Street Beloit WI United States of America 53512-0719
- IPO Date
- Feb 1, 1995
- Business
- Blackhawk Bancorp, Inc. operates as the parent company of Blackhawk Bank, providing comprehensive banking services primarily through ten full-service banking centers located in Wisconsin and Illinois. The company's core products and services include personal banking accounts such as checking, savings, health savings, and money market accounts; certificates of deposit; installment and home improvement loans; mortgage and home equity loans; business loans and deposit accounts; credit cards; cash management services; and online and mobile banking platforms. Additionally, the company offers value-added consultative services for small business owners including health savings accounts, investment management, and human resource consulting services. Blackhawk Bancorp serves individuals, families, business owners, and employees across its geographic markets. The company was founded in 1983 and is headquartered in Beloit, Wisconsin.
In recent major developments, Blackhawk Bancorp announced and completed its acquisition by First Mid Bancshares, Inc. in August 2023. This acquisition, structured as a 100% stock transaction, brought Blackhawk's approximately $1.3 billion in total assets, $1.2 billion in deposits, and $784 million in loans under the First Mid Bancshares umbrella, which has expanded the combined company to approximately $8.0 billion in total assets. Operational integration includes the conversion of Blackhawk Bank accounts to First Mid Bank & Trust, expected to be completed by December 2025, with no immediate changes for Blackhawk customers at the time of acquisition. As part of the transaction, Blackhawk's CEO Todd James resigned and joined the First Mid Board of Directors. This strategic move expands First Mid's footprint and service offerings including wealth management, trust, insurance, and agricultural services, reinforcing Blackhawk Bancorp's commitment to supporting local communities through enhanced financial solutions.
These changes reflect a major strategic shift for Blackhawk Bancorp from an independent regional bank to a significant component of a larger multi-state financial institution. The company continues to focus on providing comprehensive financial services supported by its legacy of local banking expertise and customer-centric consultative products. The acquisition strengthens its market position across Illinois and Wisconsin, enhancing product ranges and service capabilities. Blackhawk Bancorp was established in 1983 and is headquartered in Beloit, Wisconsin. It operates primarily in the banking and financial services industry, targeting retail, small to mid-sized business customers, and community banking markets.