Blackhawk Bank Announces New Branch in St. Charles, Illinois

Rhea-AI Summary

Blackhawk Bank (OTCQX:BHWB) has announced the acquisition of a property at 460 S. First Street, St. Charles, IL, where it plans to open a new full-service branch later this year. This move will result in the closure of the Kane County Business Banking Center at 2205 Point Blvd, with staff transitioning to the new location. The new branch aims to enhance banking services for residents and business owners across Kane and DuPage counties. Blackhawk Bank has been operational since 1881 and currently manages ten full-service centers in Illinois and Wisconsin.

Positive

• Opening a new full-service branch in St. Charles, enhancing local banking services.
• Staff from the closed Kane County center will transition to the new location.
• Expanding products and services offered in the St. Charles area.

Negative

• Closure of the existing Kane County Business Banking Center may inconvenience some customers.

BELOIT, WI / ACCESSWIRE / August 25, 2021 / Blackhawk Bank (OTCQX:BHWB) announces that it has acquired property at 460 S. First Street, St. Charles, IL and plans to open a full-service branch at that location later in the year. In conjunction with the opening of the new location, Blackhawk Bank's Kane County Business Banking Center located at 2205 Point Blvd will be closed with the staff moving to the new location. In addition, Blackhawk will be hiring additional staff from the local community to expand the products and services offered.

Blackhawk opened its Kane County Business Banking Center in 2018 and has been extremely well-received in the market. Through the expanded commitment to the St. Charles area, residents and business owners in Kane and DuPage counties will enjoy the benefits of a convenient, full-service local banking center, mortgage services, trusted commercial business advice, wealth management, and treasury management services.

Blackhawk Bank has served individuals, families and business owners since 1881. In addition to the new, full-service branch in St. Charles, the Bank operates ten full-service banking centers located in Rock County, Wisconsin and the Illinois counties of Winnebago, Boone, McHenry, Lake, and Kane. The Bank also operates a Mortgage Processing Center in Roscoe, Illinois. Complete information about Blackhawk Bank can be found at www.blackhawkbank.com.

Blackhawk Bancorp, Inc.: www.blackhawkbank.com Phone: (608) 364-8911

Todd J. James, President & CEO
tjames@blackhawkbank.com

Matthew McDonnell, SVP & CFO
mmcdonnell@blackhawkbank.com

SOURCE: Blackhawk Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/661365/Blackhawk-Bank-Announces-New-Branch-in-St-Charles-Illinois

FAQ

What is the location of Blackhawk Bank's new branch?

The new branch will be located at 460 S. First Street, St. Charles, IL.

When will the new Blackhawk Bank branch open?

The new full-service branch is set to open later this year.

What will happen to the Kane County Business Banking Center?

The Kane County Business Banking Center at 2205 Point Blvd will be closed.

How long has Blackhawk Bank been in operation?

Blackhawk Bank has been serving customers since 1881.

Is Blackhawk Bank hiring for the new location?

Yes, Blackhawk Bank plans to hire additional staff from the local community for the new branch.