Foresight Financial Group Finalizes Legal Consolidation, Unifies Community Banks as Foresight Bank

Core Viewpoint - Foresight Financial Group has successfully consolidated six community banks into a single charter named Foresight Bank, enhancing operational efficiency and service delivery across its markets [1][2]. Group 1: Consolidation Details - The consolidation includes German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis, and State Bank of Herscher, which will continue to operate under their familiar names as divisions of Foresight Bank [1][3]. - This unification creates a total asset institution valued at $1.6 billion, positioning Foresight Bank as the only locally headquartered and managed bank in Winnebago County [2][3]. Group 2: Customer Impact - Customers will benefit from consistent tools, expanded access, and local service, with the ability to bank at any of the 12 Foresight Bank branches starting this fall [2]. - The consolidation aims to strengthen support for individuals, businesses, and communities, ensuring continued trusted service from local teams [2][4]. Group 3: Company Background - Foresight Financial Group, Inc. is a locally owned bank holding company based in Winnebago County, Illinois, with total assets of $1.63 billion as of December 31, 2024 [3]. - The common stock of Foresight Financial Group is traded on the OTCQX Marketplace under the symbol "FGFH" [4].