Blackhawk President Jim Huiskamp says he's been thinking about how to preserve it for years.
"That statue has been a part of my life since I was five or six years old - I played baseball at Frances Willard and I'd drive by it down there on my bike. We lived on Watch Hill Road and we'd go down there to spend our paper route money."
The statue will be moved to Milan where the bank is planning to demolish a drive-through location, and rebuild it with solar power and interactive teller machines.
After asking the bank's architect to include the statue in these plans, Huiskamp then approached city officials.
"I simply said, here is the picture, here's what it would look like, and here's where it would be, what do you think ? I wanted them to know there was somebody out there that would take care of this thing for years and years to come."
He's getting bids now on moving the Black Hawk statue, and hopes to have it moved to Milan, and restored, by this summer.