Rick Bastian, Chairman & CEO400 Broad Street, Beloit WI and 2475 N. Perryville Road, Rockford, IL
Toll Free 800.209.2616 | Beloit: Ext 4229 | Rockford: Ext 4633
Rick Bastian joined Blackhawk Bank as President & CEO in May of 2001. Today he’s the Chairman and CEO of Blackhawk Bancorp, Inc. and its subsidiary, Blackhawk Bank. He has decades of banking experience, including more than 18 years as the president of banks in Tulsa, Oklahoma, Rockford, Illinois and Racine and Kenosha, Wisconsin.
Blackhawk Bank specializes in financing smaller, privately-held businesses and is a stalwart supporter of manufacturing in the Rock River Valley. The Business Banking Division and the Company’s board of directors know manufacturing. Together, they’re helping local manufacturers evolve by advising them about restructuring cash-flow, maximizing their existing infrastructure and workforce, sharing best practices with a network of other customers, learning how to maximize negotiation skills, and planning for the eventual transition of business ownership.
Rick became a Certified Family Business Advisor (FBA) after completing Succession Planning training in Los Angeles. He has comprehensive knowledge to help family-owned and closely-held businesses create an exit strategy, a succession plan, and build an advisory board - not only as a means to transition the business in the future, but to also help create a clear road-map of how the business will operate to reach its goals. Rick also holds a Certified Exit Planning Advisor (CEPA) designation from the University of Chicago Booth School of Business. Bastian is the only financial professional in the Stateline region with both designations. He understands the importance of the legal and financial elements essential to successful ownership transitions and has advised a number of companies during the process.
Business owners who would like to learn more may call Rick at 815.877.2039 or 608.299.3400.
Rick is a member of the Greater Beloit Economic Development Council, a past board member of the Stateline United Way and the Stateline Community Foundation. He serves as a director of the Northern Illinois Community Development Corp. and is on the board of the Rockford Area Economic Development Council. He has served on the boards of a NYSE insurance company, a start-up environmental services company and a number of public and privately-held banks.
Rick’s expertise includes: Strategic Planning | Succession Planning | Advisory Board Development | Exit Strategy | Family Governance | Leadership & Team Development | Mergers & Acquisitions | Lean Manufacturing & Office Principles
Rick and Jayme Bastian reside in Rockford, and are active participants in numerous civic and philanthropic organizations.
Dave Adkins, President & COO
2475 North Perryville Road, Rockford IL and 400 Broad Street, Beloit, WI
Dial Direct: Rockford 815.986.7103 | Beloit 608.299.3473
Dave Adkins has over 30 years’ banking experience. He joined Blackhawk in 2004 to lead the Mortgage Division and a few years later added executive management of Consumer Banking. In January 2014 he was named the Bank’s Chief Operating Officer, and at the August 2014 Blackhawk Bancorp meeting Dave was appointed President & COO of the Company and the Bank.
Dave oversees strategic objectives, commercial banking, operations, planning, policies and procedures for the organization. He has managed the bank to a strong position through a company restructure that both improved the efficiency ratio and reduced substandard assets. A forward thinker, Dave is immersed in researching innovative models that can benefit consumers of financial services. It was this same process that helped navigate the Bank and its clients through the Great Recession, emerging smarter and stronger.
Under Dave’s direction, Bankers undergo continuous improvement processes to maintain first-rate advisory skills. Listening to clients’ concerns and providing relevant solutions is the differentiator in the commoditized banking industry. A culture of financial education has proven to be the connection to long-term relationships with clients at all stages of their financial life.
Dave’s on the Belvidere School District Charitable Foundation Board and the Board of Growth Dimensions, Boone County’s economic development group. He’s the treasurer of the Belvidere Family YMCA and the Finance Committee Chair for St. James Catholic Church. Dave is a past Chairman and Treasurer of the Belvidere Vision 100 Referendum Committee, and has held leadership roles with the Boone County 911 Board, the Belvidere Cosmopolitan Club and numerous other community organizations.
Adkins’ expertise includes: Strategic Planning | Asset / Liability Management | Company Profitability Leadership of the Bank’s Sales & Service Culture | Lean Business Practices | Client Development, Retention and Advocacy | Product Development | Expansion of Delivery Channels | Policies and Processes of Regulatory Compliance | Consumer Financial Safety | Local and Regional Economics.
Dave graduated from Illinois Wesleyan and completed the Graduate School of Banking in Madison, WI. He and his wife Gail reside in Belvidere, lending their time to not-for-profit organizations in volunteer roles. When not engaged in a community or family activity, you’ll find Dave on the golf-course or at the shooting range.
Todd Larson, Senior Vice President & Chief Credit Officer2475 N. Perryville Road, Rockford, IL | 815.877.2138
Todd's an expert advisor on business management matters and readily shares his knowledge with clients throughout the bank's market area. He directs Blackhawk's team of Business Bankers, Credit Analysts, Loan Underwriters and Administrative Assistants while developing and managing commercial loan relationships. With more than 33 years of experience in the local business banking arena, Todd's keen insights into the local marketplace position him as a lead member of Blackhawk Bank's Asset/Liability and Loan Committees.
The father of three children, Todd lives in Belvidere where he's an active member of the Belvidere Cosmopolitan Club. His two favorite leisure activities are golfing and enjoying all the activities that go along with being a dad.
Andy Williams, Senior Vice President Business Banking2475 N. Perryville Road, Rockford, IL | 815.877.2421
Outstanding banking skills combined with intimate knowledge of the Rockford market are two valuable benefits Andy brings to local entrepreneurs. He's a go-getter who's won numerous new clients for the Bank and proves his dedication to building relationships by delivering excellent customer service. Andy specializes in business banking solutions for manufacturers and healthcare professionals in Rockford and Winnebago County. A former Vice President of Organizational Development at the Rockford Chamber of Commerce, Andy knows nearly every business person in Rockford. Blackhawk Bank acquired his professional skill set in 2004.
Andy's a member of the Rockford Chamber of Commerce, RMA, and Women of Today's Manufacturing. Andy and his wife Chanin have two children and live in Winnebago. His hobbies include model rocketry, trap shooting, fantasy football and cycling.
Jim Pieschel, Senior Vice President Business Banking2475 N. Perryville Road, Rockford, IL | 815-986-7154
Jim brings 26 years of banking experience (23 of them in commercial banking) to the bank’s team of experts. He previously managed a commercial banking division with 13 commercial bankers and loan balances in excess of $400,000,000. He has specialized expertise in Illinois revenue bond financing, as well as financing for manufacturing and the development of senior living communities. As a management trainee during his first two years in banking, Jim learned how a bank truly operates and how multiple lines of business engage to meet the needs of its clients.
Jim serves as a board member of the Crusader Health Foundation and is the Chairperson of the University Club of Rockford Scholarship Trust. He obtained a Bachelor of Arts / Economics degree from the University of Illinois, Urbana/Champaign.
A lifelong Winnebago County resident, Jim, his wife Courtney and their two children reside in Loves Park. His favorite leisure activities include being entertained by the antics of his kids, listening to classic rock (Rockford’s very own Cheap Trick is # 1 in that book!), golfing, being a fan of University of Illinois athletics, the Cubs, Bears, Blackhawks, and the Bulls.
Steve Parsons, Vice President Business Banking2205 Point Boulevard, Suite 205, Elgin IL | 224-269-1282
Steve joined the commercial team at Blackhawk transferring his high-level skills from one great local organization to another. He spent 17 years as the Regional Manager for the Illinois Manufacturing Excellence Center (IMEC) in Rockford, consulting with Northern Illinois manufacturing clients to develop and implement strategies focused on better product quality, cost containment and faster product throughput. He helped clients increase sales and efficiency, improve their safety record and their marketing initiatives.
During his IMEC tenure, Steve worked with business owners and their bank to improve company finances. He helped create 243 new jobs, retained 1,500 jobs and infused more than $44 million in new business for local manufacturers. He has brought those experiences and manufacturing expertise to benefit the Bank’s small business clients.
Steve holds a B.S. in Industrial Technology from Illinois State University and an M.B.A. in Total Quality Management from Newport University. He completed the comprehensive Galliard Family Business Advisor Level One training program at the Galliard Institute in 2012, equipping him to assist family-owned and closely-held businesses with Succession Planning.
Steve and his wife Sharla (Institutional Research @ Rock Valley College) reside in Rockford. They are actively involved at City First Church. Steve enjoys target shooting, motorcycling, flying, bicycling, traveling, museums and anything mechanical that goes fast.
Jim Reynolds, Vice President, Business Banking
2475 N. Perryville Road, Rockford, IL | 815.986.7120
Jim has 22 years of experience in the Financial Services Industry including 16 years in retail and business banking and 6 years in financial advice related to planning, insurance, and investments. He especially enjoys working with business owners and entrepreneurs.
Jim has been Youth Director at his church for 13 years and is also currently serving on the Rockford University Alumni Association Board. He has been involved in the past with scouting for Belvidere High School Football, serving on the The Literacy Council Board of Directors, coaching on Belvidere Youth Baseball teams, and held associate membership in the Rock River Valley Tooling & Machining Association.
Jim is a life-long resident of Belvidere and married his high school sweetheart, Melenie; they have three great kids. The family is actively involved at Belvidere Covenant Church. Jim enjoys storm chasing and watching sports, especially the Chicago Cubs, with his son and participating and attending his daughters’ school events and activities.
Kathy Sink, Assistant Vice President Business Banking2475 N. Perryville Road, Rockford IL | 815.877.2084
Kathy’s seventeen-year tenure in banking brings extensive experience that includes communicating with the Small Business Administration and facilitating Claims & Reimbursements, Portfolio Management, Loan Applications and Review, Risk Management Evaluation, and resolution of Assigned Non-Performing Special Asset Loans.
Kathy partners with the Client Relationship Managers to act as the point of contact for client’s interactions with other departments within the Bank. She has extensive training and holds numerous certifications in Small Business Administration Governmental Guaranteed Programs.
Kathy’s community service includes serving as Co-chair for the Crusader Community Health Evening of Caring event in 2017; she’s a volunteer for PAWS Humane Society and RPS’s Rockford Reads program, assisting 2nd grade students who are learning to read. Kathy’s a lifelong resident of Rockford, has a son, Mike; also a rescued dog and two rescued cats. Her hobbies include art, music, and decorating.
Chris Benson, Business Banker
2475 N. Perryville Road | Rockford, IL | 815.986.7129
While getting acquainted with client Chris Benson during a few visits to the Rockford office, Chairman & CEO Rick Bastian was impressed by Chris's interpersonal skills, enthusiasm, and his commitment to the betterment of his clients ... albeit in another field. In a book entitled 'Good to Great', author Jim Collins talks about getting the right people on the bus, and having read the book, Rick recognized Chris as one of those people. A few conversations later, Rick planted the idea of a career at Blackhawk in Chris's head. The idea came to fruition in early 2017, with Chris joining the Business Banking Team.
Chris has 8 years of sales experience serving manufacturing firms. He most recently ran the Southwest sales territory for Zenith Cutter. Now, after undergoing management training and graduating from the Commercial Lending School hosted by the Kansas / Nebraska Bankers Association in October of 2017, Chris is responsible for new business development for the Bank in the Rockford marketplace. He is passionate about delivering high-level customer service and developing strong partnerships with clients.
Chris holds a Bachelor of Arts in History from Rockford University. He and his wife Jenelle live in Cherry Valley with their children Jack and Nora. Chris enjoys traveling, trap shooting, hiking, boating, hunting, and spending as much time as possible with his family. He's a member of Ignite Rockford and the Rockford Cosmopolitan Club.
Jim Erdman, Vice President, Consumer & Business BankingNMLS # 476504
9609 Forest Hills Road, Machesney Park, IL | 815.986.7186
Jim joined Blackhawk Bank in 2002, adding expertise to the Business Banking Division with over 28 years in the banking industry. Jim specializes in locally owned and small corporations, and guides his clients in growing their businesses. In addition to managing the Small Business Banking Division, Jim manages Blackhawk’s Consumer Lending Division and is able to assist clients with their personal lending needs.
Jim earned a Bachelor of Science Degree in Finance from Northern Illinois University, DeKalb, Illinois. He's an Eagle Scout and serves as Treasurer and Assistant Scoutmaster of Boy Scout Troop 2. Jim, his wife, Stephanie, and two children reside in Roscoe. He enjoys spending time outdoors, ATV-ing, motorcycling, and attending concerts.
Jack Walden, Vice President Business Banking400 Broad Street, Beloit WI | 608.299.3471
Jack arrived at Blackhawk Bank with over 16 years of experience in commercial banking at a community bank in the Milwaukee area. While there, he developed an extensive amount of expertise in business development, relationship management, and credit analysis. As a native of Janesville, and a resident of Fort Atkinson, Jack is excited to be working at Blackhawk where he can further help assist the local business community.
Jack is a graduate of the University of Wisconsin at Whitewater where he majored in finance, and the Graduate School of Banking, held at UW-Madison. Over his career, he has helped manufacturers, distributors, service firms, non-profits, and real estate investors achieve their vision and goals. Additionally, he has provided financing for mergers and acquisitions for both strategic buyers and private equity groups.
Active in the community, Jack has served on the Boards of the Jefferson County Habitat for Humanity and Milwaukee Achiever Literacy Services. Additionally, he has donated his time to the United Way of Greater Milwaukee and Waukesha County, Special Olympics, and the Ronald McDonald House of Southeastern Wisconsin. As a trusted advisor, Jack also served on the Board of Directors for a large Rock and Dane county supplier of home building materials.
Jack and his wife Mary have twin sons, Justin and Nick. The Walden family enjoys spending free time with family, friends, and their two dogs, being outdoors, traveling, and attending sporting events.
Shawn Murphy, Assistant Vice President, Business Banking
400 Broad Street, Beloit, WI | 608-299-3404
Shawn brings more than a decade of experience to the commercial team at Blackhawk Bank, having previously worked in personal banking, mortgage lending, loss mitigation, and business banking at Town Bank (formerly Community Bank CBD) in Lake Geneva, Wisconsin.
Shawn’s a builder of strong partnerships; his clients find his experience and knowledge highly valuable in identifying needs and developing the appropriate solutions. He works on their behalf to identify opportunities, overcome challenges, and create a course for success.
Shawn received his Bachelor of Science degree in Finance from the University of Wisconsin – La Crosse, AACSB (Association to Advance Collegiate Schools of Business) in 2008 and recently completed coursework at the Graduate School of Banking at the University of Wisconsin – Madison.
Shawn’s a member of the Financial Management Association International, and is a Director of a start-up non-profit, the Butterfly Club. Former affiliations include membership in the Lake Geneva and Lake Delavan Chambers of Commerce; the Lake Geneva Jaycees; Secretary and Captain of the UW-L Men’s Soccer Team.
Shawn and his wife are parents of a daughter. He enjoys spending time with his family, sailing, golfing, and mountain/road cycling.
Phil Whitehead Senior Vice President Business Banking2525 Milton Avenue, Janesville WI | 608.713.1997
Phil brings 25 years of multi-faceted proficiency in developing commercial banking relationships aided not only by his years of experience in the industry, but also by being licensed as CPA and a Certified Financial Planner. He has a long history of helping clients develop their business to its fullest potential by providing solid advice, and banking services geared to attaining specific goals.
Phil earned an Associate’s Degree from UW Wisconsin – Rock County; a Bachelor of Business Administration Degree with an emphasis in Marketing from UW Wisconsin – Whitewater, and a Master of Science Degree with an emphasis in Accounting from UW Wisconsin, Whitewater.
Phil knows the southern Wisconsin region and its business environment intimately: his hometown is Brodhead; he has spent the majority of his banking career working and living in Rock County.
Civic involvement has always been important to Phil and includes Board membership with the Green County Development Corporation; presidency of the New Glarus Area Optimist Club and membership in the New Glarus Lions Club. He served Forward Janesville as a Board member, and was a member of Forward Janesville’s Downtown Development Alliance and the Leadership Development Academy. He also served as a Board member of the Junior Achievement Board of Rock County.
Phil is married to Lisa, and they are parents of four children.
Now in Kane & McHenry Counties:
Pam Cumpata, Senior Vice President Business Banking
Direct: 224.236.7700 | Cell: 224.339.0707 | Toll-free: 800.209.2616 Ext. 3770
After extensive research of eleven counties on both sides of the Illinois and Wisconsin stateline, Blackhawk Bank has identified Kane and McHenry Counties as the right fit for its expansion of business services. To lead the new-market initiative, Pam Cumpata has been appointed to the position of Senior Vice President, Business Banking.
"Pam understands the unique market attributes of Kane and McHenry Counties, and how to help its residents capitalize on opportunity," stated Dave Adkins, Blackhawk Bank's President and COO. "She has over 31 years of experience in business development and business banking, and served as the President of the McHenry County Economic Development Corporation for the past 8 years."
Pam is now actively engaging with her established network of business owners to introduce them to the benefits that commercial clients experience with Blackhawk Bank.
“Blackhawk Bank is expanding into communities where there is opportunity due to an expressed need for our unique selling propositions,” stated Rick Bastian, Blackhawk’s Chairman of the Board and CEO. “We bring a very different approach to relationship development, and that style of banking resonates with the business owners and residents in Kane and McHenry Counties. We are excited to have Pam, a highly respected veteran of the Fox River Valley business arena, join our team.”
Cumpata has a Master’s degree in Business Administration from Loyola University Chicago and attended Northwestern University’s Kellogg School of Management from 2005-2006, participating in the Women’s Senior Leadership Program. Cumpata is an advocate of community service, serving as a Board Director for United Way of Greater McHenry County and Sage YMCA.
Cash Management Solutions
Kim Lantta, Vice President Cash Management Solutions
2525 Milton Avenue, Janesville, WI | 608.473.1391
Kim brings over 16 years of industry experience to Blackhawk Bank, having held positions in both business and consumer banking. As manager of our Cash Management Solutions team, she's responsible for helping businesses understand and utilize the many cash management products and services we offer. Growing up in a family-owned business in southern Wisconsin allows Kim to have a deep understanding of the challenges facing business owners today, and their need for greater efficiencies.
Kim holds a Bachelor of Business Administration Degree in Finance from UW-Whitewater and is currently attending the Graduate School of Banking at UW-Madison, with program completion in August, 2017.
Kim currently volunteers with the YWCA of Rock County. In the past, she has been involved with Janesville Kiwanis, Agrace Hospice, United Way of Rock County, the Arthritis Foundation and was the Secretary for the Downtown Development Alliance. She resides in Edgerton, WI with her two sons; she enjoys attending concerts, watching sports and reading.
Greg Lundquist, Assistant Vice President Cash Management Solutions2475 N. Perryville Road, Rockford, IL | 815.986.7146
With over 11 year of banking experience, Greg is an accomplished banker and an outstanding leader within the organization. His clients reap the benefit of his deep commitment to developing and strengthening relationships, his wealth of knowledge, and his strong ties to the community. Greg is responsible for identifying, developing and marketing business cash management solutions and fostering a high level of client satisfaction. He serves as a key member of the client relationship team.
Greg specializes in streamlining commercial deposit functions by tailoring a product suite that meets the specific needs of each business. Greg is great at showing clients how cash management services can save time and money within their day-to-day business operations, allowing them more time to focus on growing their business and increasing profitability.
Greg and his wife reside in Rockford. He chairs the Walter Lawson Children's Home golf outing that raises thousands of dollars to help improve the quality of life of children with profound disabilities. Greg is also an active member of local Chambers of Commerce, and participates in community volunteer initiatives like the United Way Day of Caring, Habit for Humanity, and fund-raisers that promote other local charities.
In his free time, Greg's an avid sports fan who also enjoys outdoor activities like golf, fishing and hunting.