Winnebago, Ill.-based Foresight Financial announced May 1 that it consolidated its six Illinois-based community banks into a single charter..The banks, which will now be under the new name Foresight Bank, include German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis and State Bank of Herscher. Each location is expected to continue operating under its current name as a division of Foresight Bank. Customers will be able to bank at any of the dozen Foresight Bank branches starting this fall, following system updates slated for August and October. “Bringing our six banks together under one charter as Foresight Bank allows us to better serve our customers and communities,” said Peter Q. Morrison, CEO of the $1.6 billion Foresight Bank. “This unification strengthens our ability to provide consistent tools, expanded access, and the local service our customers rely on — while positioning us to grow together in meaningful, lasting ways.”
Winnebago, Ill.-based Foresight Financial announced May 1 that it consolidated its six Illinois-based community banks into a single charter..The banks, which will now be under the new name Foresight Bank, include German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis and State Bank of Herscher. Each location is expected to continue operating under its current name as a division of Foresight Bank. Customers will be able to bank at any of the dozen Foresight Bank branches starting this fall, following system updates slated for August and October. “Bringing our six banks together under one charter as Foresight Bank allows us to better serve our customers and communities,” said Peter Q. Morrison, CEO of the $1.6 billion Foresight Bank. “This unification strengthens our ability to provide consistent tools, expanded access, and the local service our customers rely on — while positioning us to grow together in meaningful, lasting ways.”
