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Beloit, WI, May 4, 2022 – Blackhawk Bancorp, the parent company of Blackhawk Bank, today announced plans to close two banking centers located in Richmond and Island Lake, Illinois. The closures are expected to occur in August, 2022.
These changes are being made as part of the holding company’s long-term strategy to improve the efficiency and effectiveness of its delivery systems. Banks continue to see migration of customer transactions across digital channels, reducing in-branch transactions. These closures will help to offset the investment in financial technology needed to stay competitive and meet the needs of today’s customers.
About Blackhawk Bancorp
Blackhawk Bancorp, Inc. is headquartered in Beloit, Wisconsin, and is the parent company of Blackhawk Bank. The combined entity operates twelve full-service banking centers located in Rock County, Wisconsin, and the Illinois counties of Winnebago, Boone, McHenry, Lake, and Kane. The Bank offers a variety of value-added consultative services for its business customers related to the financial products it provides.
Blackhawk Bancorp, Inc.
Todd J. James, Chairman & CEO
Phone: (608) 364-8911