Who We Are

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
  • embrace our differences
  • give
  • be grateful

History Highlights (1881 - Now)


In a Certificate of Organization adopted March 26, 1881, Beloit Savings Bank is formed, “for the purpose of receiving deposits of laborers, mechanics, servants, minors and others, and to loan the same for the benefit of such depositors.” 

S.T. Merrill is elected the first President of the Bank, which is located on the 2nd Floor of the D.S. Foster Building in downtown Beloit, WI.


A two story, state-of-the-art facility is constructed to accommodate Beloit Savings Bank’s move from its long-time site at the corner of State Street and Public Avenue, in Beloit.


Beloit Savings Bank celebrates its 100th Anniversary.


A new, full-service branch opens at 1795 Madison Road, on Beloit’s west side.

Land is purchased for another office on Beloit’s east side. In February, the Beloit East Banking Center opens at 2200 Cranston Road, Beloit.


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


Groundbreaking takes place for a two-story, 6,000 square foot addition on the southeast corner of the building located at 400 Broad Street, Beloit.

The Bank announces plans for the first full-service branch located in a local supermarket, Cub Foods.


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


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


In May, Blackhawk State Bank completes the Rochelle Bancorp, Inc. acquisition, resulting in six office locations on both sides of the Illinois-Wisconsin state line.

Blackhawk State Bank opens its second in-store branch, in July, at the Beloit Walmart Super Center.

The Cubs Foods and Walmart in-store branches later close, consolidating business into the nearby offices located at 400 Broad Street and 2200 Cranston Road, Beloit.


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

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


A second Raymond James Financial Services, Inc. opens inside the Rockford Office on Perryville Road.


In March, Blackhawk State Bank announces its plan to acquire DunC Corp., headquartered in Capron, IL.

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

The office at 1021 N. State Street, Belvidere consolidates into the nearby Banking Center located at 2141 N. State Street, Belvidere.


Blackhawk State Bank narrows its market to a regional corridor stretching from Beloit, WI to Belvidere, IL, selling the Rochelle and Oregon, IL branches to First National Bank of Rochelle.


Blackhawk State Bank shortens its name to Blackhawk Bank, in turn updating its logo for a more contemporary image. New signage is erected at all Banking Centers.

The Bank expands its ATM network through a co-operative agreement that places numerous ATMs in high-traffic areas.


Blackhawk Bank’s branch office at 1795 Madison consolidates into the two larger office in Beloit at 400 Broad Street and 2200 Cranston Road.

Business from the Bank’s 121 E. Locust Street branch in Belvidere, IL consolidates into the Banking Center located at 2141 N. State Street, Belvidere.


In April, a third office of Raymond James Financial Services, Inc. opens inside the Banking Center at 2141 N. State Street, in Belvidere.

The Mortgage Processing Department relocates from the Belvidere location, in September, to an office on Argus Drive in Rockford, IL.


Blackhawk Bank breaks ground, in June, for a full-service Banking Center at 3101 11th Street, in Rockford, IL.

The Banking Center opens on November 11th, to meet the financial needs of this diverse corridor populated by manufacturers, businesses, families and individuals.


To provide longer hours and additional financial services, the Bank consolidates its Capron, IL office into the nearby Belvidere Banking Center.

The Blackhawk Bank Mortgage & Commercial Loan Office opens on August 18th at 200 W. Milwaukee Street, in Janesville, WI.


On April 4th, Blackhawk Bank announces it acquired property at 2525 Milton Avenue in Janesville, WI.

On November 20th, a new full-service Banking Center opens at this location. The Mortgage & Commercial Loan Center relocates from 200 West Milwaukee Street to this new location.

Blackhawk Bank announces, on September 7th, that the Bank purchased property at 5506 Clayton Circle, in Roscoe, IL to accommodate the relocation of the office at 5206 Elevator Road.


A new Blackhawk Bank Business Banking Center opens at 2205 Point Boulevard, Suite 205 in Elgin, IL. This office serves business owners in Kane, McHenry and surrounding Counties.

The Banking Center at 5206 Elevator Road closes on March 24th and relocates to a temporary, module Banking Center on March 26th at 5506 Clayton Circle, the future site of the new Roscoe Banking Center.

On October 18th, Blackhawk Bancorp, Inc. announces the signing of a definitive merger agreement with First McHenry Corporation, parent company of First National Bank of McHenry, under which Blackhawk Bancorp agrees to acquire 100% of the common stock of First McHenry.


The new Roscoe Banking Center opens at 5506 Clayton Circle, on January 14th, offering full-service banking, mortgage services and business banking.

On March 1st, Blackhawk Bancorp, Inc. completes the acquisition of First McHenry and plans to merge their three Banking Centers located in McHenry, Richmond and Island Lake, IL into Blackhawk Bank.

First National Bank of McHenry adopted the Blackhawk Bank identity, name and logo on July 20, 2019. 


Blackhawk Bank celebrates 140 years on March 26, 2021.

Blackhawk Bank’s Business Banking Center located at 2205 Point Boulevard in Elgin, IL closes.
The new St. Charles Banking Center opens at 460 South First Street, featuring an Interactive Teller Machine (ITM). Staff from the Business Banking Center moved to the new St. Charles location. Through the expanded commitment to the St. Charles area, residents and business owners in Kane and DuPage counties now enjoy the benefits of a convenient, full-service local banking center, Mortgage services, trusted Commercial Business advice, Wealth Management, and Treasury Management services.

About Blackhawk Bank

Established in 1881, Blackhawk Bank has served individuals, families and business owners for 141 years. The Bank operates twelve full-service banking centers in Beloit and Janesville, Wisconsin and in Rockford, Belvidere, Machesney Park, Roscoe, McHenry, Island Lake, Richmond, and St. Charles Illinois. The Bank also operates a Mortgage Processing Center in Roscoe, Illinois. Complete information about Blackhawk Bank can be found at www.blackhawkbank.com.  Member FDIC | Equal Housing Lender

Red Location icon along with a map of Northern Illinois and Southern Wisconsin, which shows some Blackhawk Bank locations.

Find a Location

Blackhawk Bank Banking Centers and ATMs are conveniently located in Southern Wisconsin and Northern Illinois.

Banking Basics

A common question bank account holders have is, “What do banks do with my money?” Since banks operate like a for profit business, they put the money loaned to them by their customers to work. Generally, banks make investments or loans using the money collected or borrowed from customers. For the privilege of using those dollars, the bank then pays an annual percentage yield (rate of return), or interest, to the deposit account holders. Most banks are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency created by Congress and run by the government to maintain stability and public confidence in the U.S. financial system. Since its inception, no depositor has ever lost a penny of FDIC-insured funds. Coverage is automatic. The FDIC insures deposits up to $250,000 per depositor, per insured bank. Banks which are Members of the FDIC are undergo rigid operational safety and soundness audits and are examined for compliance with consumer protection laws on a frequent basis. So, if your bank is a Member of FDIC, you can rest assured that your funds are insured up to $250,000 per depositor, per insured bank. Learn all the details of FDIC Insurance here.

How do Checking Accounts Work?

A checking account holds your money, similar to a typical savings account. With a checking account, you can access the money for your everyday expenses like food, clothes, and other needs. Most checking account holders access their checking account fund through a debit card, ATM card, digital solutions or paper checks. The APY on checking accounts is lower than a savings account because this money doesn’t stay in place as long as savings. Customers are more likely to take this money out of their account sooner than a savings account in order to pay their bills or for daily life costs. If you want to learn more about different types of checking accounts, you can research several options here.

Savings Account Basics

A savings account holds the money you don’t plan to touch for a while. It can be money you intend to use to buy a high-ticket item, like a car, or simply money that you want to let sit in the bank and collect interest. Most Savings, Money Market Accounts and Certificates of Deposit produce an APY and they all vary in their terms and benefits. It’s best to consult with a banker about which type of account can help you reach your goals the best, but here is the difference in general terms.

Personal Savings Account Basics

A personal savings account is a standard account that lets you deposit your money for safe keeping. Regular deposits to a savings account pave the way to a solid financial future while putting your money to work in the meantime. Money deposited into your savings can be used by the bank to make investments and loans. Since you can withdraw the money at any time, the interest you make on your savings is relatively low. Generally speaking, the longer you keep your money deposited, the more interest you can earn.

Money Market Saving Information

Money Market Savings accounts allow you to make deposits anytime, for any amount. You typically can earn a higher APY and some money market accounts allow you to write checks right from your account. Money Market accounts have a higher minimum balance to open than a regular savings account, but keeps your money liquid, guarantees returns, is insured and is a convenient way to transfer funds to and from your checking account. Interest rates and annual percentage yields are variable and may change at any time. The Bank may require that an Account Holder make no more than six (6) transfers or withdrawals during any statement cycle from a Savings or Money Market Account.

Certificate of Deposit Basics

Certificates of Deposit (CD) accounts work a little differently. They offer interest rates based on the amount of time you leave your money in the bank. The longer the CD terms (ex- 7 months, 22 months, 35 months, etc.), the higher the interest rate you can earn. However, you must leave the money untouched until the term agreement is up. If you withdraw the money before the term expires, there is usually an early withdrawal penalty. CDs are intended for those with a saving goal in mind.

Blackhawk Bank offers reliable services and a range of account options that can fit any banking needs. To learn more about the account services we offer, contact us today for more information.

Locate a Blackhawk Bank location near you.


Mathew Reynolds
SVP Retail Banking

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