Blackhawk Bancorp, Inc. (OTCPK:BHWB) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 14.88% of its issued and outstanding shares. The company intends to fund the purchase of shares tendered by issuing subordinated debt. The tender offer will expire on May 7, 2021, unless extended. As of March 31, 2021, the company had 3,359,613 shares issued and outstanding.