Who We Are

Blackhawk Bank's Vision, Mission & Core Values

Our Vision

To create exceptional results by creating exceptional experiences...the fun, smart place to bank, invest and work.

Our Mission

To make every customer a customer for life.

Our Core Values

We will...
  • be obsessed with our Client's success.
  • keep learning and teaching.
  • own it.
  • work smart, play hard.
  • communicate in ways that engage and inform.
  • give.
  • be grateful.

Then and Now: An Historic View

In a Certificate of Organization adopted on March 26, 1881, a group of community leaders agreed “to associate ourselves in a corporate body to be known as Beloit Savings Bank for the purpose of receiving the deposits of laborers, mechanics, servants, minors and others, and to loan the same for the benefit of such depositors.” 

S.T. Merrill was elected the first President of the bank. Secretary / Treasurer John A. Holmes was authorized, under the direction of the Financial Committee, to make all necessary arrangements in conformity to law for the opening of Beloit Savings Bank. It served its customers from 2 until 4 PM on Mondays and Saturdays from the 2nd floor of the D.S. Foster Building in downtown Beloit, Wisconsin, after agreeing to “cause such repairs as were proper, not to exceed the sum of twenty dollars.”

So it began in 1881 for the bank now known as Blackhawk Bank. Since, the bank has thrived for generations under the guidance of its seventeen Presidents and numerous local civic and business leaders serving on its Board of Directors. 

The leadership skills of these men and women have positioned Blackhawk Bank as a foremost provider of financial services in Rock, Boone, Winnebago, and Kane counties. Today, lead by President and CEO Dave Adkins, Blackhawk is the second largest bank in Beloit, Wisconsin and second in all of Boone County, Illinois.

The community banking tradition is inherent in the bank’s philosophy: to provide unparalleled client service; to give folks the ability to call a bank official for a prompt response to a question or concern; to know clients by name. Blackhawk takes pride in being a strong corporate citizen, strengthening economic growth and prosperity in the communities it serves.

While faced with the influx of big-bank conglomerates and non-bank competition, Blackhawk Bank continues to focus on what it does best; meeting clients’ ever-changing needs with friendly, helpful service, convenience, superior financial products and the latest technology.

Major Events Timeline


The Beloit Daily News proclaims Beloit Savings Bank the oldest and largest Mutual Savings Bank in Wisconsin, with highest-ever assets. It reported that the School Savings Program, first instituted by the bank in 1882, gave the Bank a nation-wide reputation. During 1971, the Bank adopted an “on-line” computer accounting system to provide faster, more accurate service for its clients.


A two story state-of-the art facility was constructed to accommodate Beloit Savings Bank’s move from its long-time site at the corner of State Street and Public Avenue. The vacated building became an eclectic restaurant called “The Olde Banque” for a period of time before it was later demolished.


On the brink of Beloit Savings Bank’s 100th Anniversary, it was granted checking powers by the Wisconsin legislature. The Bank began offering regular and NOW checking accounts.


Beloit Savings Bank purchased an "in-house computer" and installed its first TYME Automated Teller Machine.


A new, full service branch bank opened at 1795 Madison Road, on Beloit’s west-side. Land was purchased for another office on Beloit’s east-side.


The Beloit east-side office opened in February at 2200 Cranston Road. The Beloit offices were serving 4000 clients per month, and over 350 new accounts were opened during the year.


A new marketing and advertising program was developed with a goal of attracting 500 Free Checking Accounts.


Beloit Savings Bank changed its state charter to become a publicly–held commercial bank. The Bank’s name became Blackhawk State Bank. Shares of Blackhawk Bancorp, Inc. became available on the Over the Counter Market under the symbol BKHB.


Ground breaking took place for a two-story, 6,000 square foot addition on the S/E corner of the building at 400 Broad Street, Beloit. The Bank announced plans for the first full-service branch bank located in a local supermarket, Cub Foods.


Robert Thomas Securities, a full service brokerage firm, opened inside the bank at 400 Broad Street, Beloit. The firm’s name later changed to Raymond James Financial Services, Inc.


Blackhawk State Bank reached a merger agreement and plan of reorganization with Rochelle Bancorp, Inc., an Illinois corporation headquartered in Rochelle. Rochelle Savings and Loan operated offices in both Rochelle and Oregon.


May: Blackhawk State Bank completed the Rochelle Bancorp acquisition, resulting in six office locations on both sides of the Illinois/Wisconsin state line.

July: Blackhawk opened its second in-store branch bank at the Beloit WalMart Super Center.

The Cub Foods and WalMart branches were later closed, consolidating business to the near-by offices at 400 Broad Street and 2200 Cranston Road, Beloit.


March: Blackhawk State Bank opened its eighth office at the corner of Highway 251 and Elevator Road in Roscoe, IL

May: Blackhawk State Bank announced its plan to expand its presence in Illinois with the proposed acquisition of First Financial Bancorp of Belvidere, IL. The completed acquisition added two offices in Belvidere and a new office building on Perryville Road in Rockford.


Rick Bastian joined Blackhawk as its sixteenth President and Chief Executive Officer.

A second Raymond James Financial Services, Inc. opened inside the Rockford office on Perryville Road.


March: Blackhawk announced its plan to acquire DunC Corp., headquartered in Capron, IL.

October: Blackhawk State Bank completed the DunC Corp. acquisition, adding offices in Capron, Machesney Park and Belvidere, IL.

As a result of this acquisition, Blackhawk began focusing on brick and mortar efficiencies in communities where another Blackhawk Bank office was located nearby. The decision was carried out to consolidate business from the 1021 N. State Street, Belvidere office to the nearby banking center at 2141 N. State Street.


Focusing further on core efficiencies, Blackhawk consolidated its market to a regional corridor stretching from Beloit, WI to Belvidere, IL. The branch banks in Rochelle and Oregon, Illinois were sold to First National Bank of Rochelle.


Blackhawk State Bank shortened its name to Blackhawk Bank and updated its logo for a more contemporary image. New signage was erected at all Banking Centers.

The bank expanded its ATM network through a co-operative agreement that placed numerous ATMs in high-traffic sites. The ATM network expansion is an on-going project.


The elimination of secondary offices continued with the consolidation of two branches in close proximity to other banking centers. Business from Blackhawk’s branch office at 1795 Madison was consolidated to two larger offices in Beloit at 400 Broad Street and 2200 Cranston Road. Business from the bank’s 121 E. Locust Street branch was consolidated to a main banking center in Belvidere at 2141 N. State Street.


April: A third office of Raymond James Financial Services, Inc. opened inside the banking center at 2141 N. State Street, Belvidere.

September: The Mortgage Processing Department relocated from the Belvidere office to 7160 Argus Drive in Rockford, IL. The Mortgage Center houses the bank’s mortgage underwriters and processors.


In June, Blackhawk Bank broke ground for a full-service banking center at 3101 11th Street in Rockford, IL. On November 11th, the banking center opened to meet the financial needs of this diverse corridor populated by manufacturers, businesses, families and individuals.


In April, the Bank launched Mobile Banking so that wherever clients may be, so is Blackhawk Bank.

2011 & 2012 

The Bank earned multiple honors including:

‘5 Star Superior’ Ratings, awarded to only the strongest banks by leading financial industry analyst Bauer Financial

Manzullo Individual Business Catalyst of the Year Award, presented to President & CEO Rick Bastian

American Bankers Association Certificate of Recognition for Financial Literacy
Named Among the Top 200 Community Banks in the Nation by US Banker
Throughout 2011, Blackhawk Bank celebrated 130 years of safe, sound, reliable service to local residents and business owners.

FDIC ‘Outstanding’ Rating For Community Reinvestment – awarded to no other bank in the region.


Rick Bastian, Chairman & CEO of Blackhawk Bank, earned certification as a Family Business Advisor from the Galliard Group in Los Angeles, CA, qualifying him to assist family owned and closely held businesses with the legal and financial elements essential to successful business ownership transitions.

Human Resource Consulting was launched as a value added service benefiting the Bank’s commercial clients. Terri Burdick, Senior Vice President completed the Individual Marketplace and SHOP Marketplace Curriculum for Insurance Agents and Brokers sponsored by the Department of Health and Human Services USA and the Health Insurance Marketplace to gain the level of advanced knowledge that insurance agents have. She commenced consultative services to business clients regarding the requirements of the Affordable Care Act.

Person-to-Person Payments were introduced as a means to securely send money to anyone with an email address and a bank account in the United States. Bank-to-Bank Transfer services were added to allow clients to transfer money between checking and savings accounts at Blackhawk and other financial institutions with whom they have accounts. 

Mobile Apps: the easiest way to facilitate mobile banking hit the scene. The Bank introduced Apps for iPhone, iPad and Android.

A Speakers Bureau was developed to discuss financial topics with both the media and members of clubs and organizations in ways that are informative and engaging. Topics have broad audience appeal, from the effects of state and federal politics on our local and regional economy, to how to be an effective Social Networker. The Bank offers expertise from within the complex realm of Human Resources, advice on personal finance and getting ahead, and expert know-how about growing a small business.


On August 15th the Bank consolidated services at the Capron office into the nearby Belvidere, IL Banking Center. There, clients have the benefit of longer hours and additional financial services.

The Blackhawk Bank Mortgage & Commercial Loan Office opened on August 18th at 200 W. Milwaukee Street in Janesville. Through this office, the Bank imparts its trusted brand of loan services to home buyers and business owners in northern Rock County.

On August 25th Rick Bastian, Chairman and CEO announced that Dave Adkins, executive vice president and chief operating officer, was appointed president of Blackhawk Bancorp, Inc. and its subsidiary, Blackhawk Bank. He was also appointed a director of the bank and its parent. As chief executive officer, Bastian continues to be responsible for the company’s overall performance and strategic direction while Adkins has day-to-day responsibility for most of the bank’s operations.


On April 4th Blackhawk Bank announced that it acquired property at 2525 Milton Avenue in Janesville, WI and on Monday, November 20th a new full-service banking center opened at that location. Through this expanded commitment to the Janesville area, residents and business owners in northern Rock County can enjoy the benefits of a convenient local banking center, ATM, drive thru, mortgage services, trusted business advice, commercial cash management services, and access to investment advisors. Blackhawk Bankers working here formerly staffed the Mortgage & Commercial Loan Center at 200 West Milwaukee Street, now closed. Other highly experienced bankers from the Janesville area have joined the Blackhawk Bank family and are in place to serve Business and Personal Banking clients.

On September 7th Blackhawk Bank president and COO Dave Adkins announced that the Bank purchased the property at 5506 Clayton Circle, Roscoe, IL to accommodate the relocation of its full-service banking center located on the corner of Elevator and Hwy 251. The purchase further demonstrates Blackhawk Bank's generations-old dedication to serving the financial needs of the people of the Roscoe / Rockton region, and beyond. The new banking center will be a much larger facility on two levels. Ownership of the building allows the Bank to conduct a complete renovation before its opening in 2018, and is currently underway. 


On March 1st the Business Banking Center opened at 2205 Point Boulevard, Suite 205 in Elgin, IL. This office serves business owners in Kane and McHenry Counties with a complete array of business loan, deposit and cash management services.

On Saturday, March 24th the Roscoe, IL Banking Center at 5206 Elevator Road officially closed, and on Monday, March 26th the temporary Banking Center opened at 5506 Clayton Circle with full-service banking, ATM and Drive-Thru services. Renovations went underway at the building that would permanently house the fabulous new Roscoe Banking Center later in 2019. 


On January 14th, the new Roscoe Banking Center opened its doors at 5506 Clayton Circle.  The new location offers full-service banking, mortgage services and business banking.  

Blackhawk Bank is a wholly owned subsidiary of Blackhawk Bancorp, Inc. (BHWB). The Bank employs more than 200 people, operates eight full service Banking Centers and a Mortgage Processing Center.


Blackhawk Bank offices are located in Beloit & Janesville WI; Roscoe, Machesney Park, Rockford, Belvidere and Elgin IL.