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Foresight Financial Announces Appointment of William LaFever to Board of Directors

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Foresight Financial Group (OTCQX: FGFH) has appointed William LaFever to its Board of Directors. LaFever, CEO of Bill Doran Company, brings extensive experience in business growth and financial management. Under his leadership, Bill Doran Co. has seen annual sales increase from $20 million to over $175 million. Foresight Financial Group, with $1.6 billion in assets as of June 30, 2024, is the largest deposit holder in Stephenson County, Illinois. The company operates six subsidiary banks across Northwestern Illinois, maintaining a strong local presence in the region.

Foresight Financial Group (OTCQX: FGFH) ha nominato William LaFever nel suo Consiglio di Amministrazione. LaFever, CEO della Bill Doran Company, porta con sé una vasta esperienza nella crescita aziendale e nella gestione finanziaria. Sotto la sua guida, la Bill Doran Co. ha visto le vendite annuali aumentare da 20 milioni di dollari a oltre 175 milioni di dollari. Foresight Financial Group, con 1,6 miliardi di dollari in attivi al 30 giugno 2024, è il più grande detentore di depositi nella Contea di Stephenson, Illinois. L'azienda gestisce sei banche sussidiarie nel nord-ovest dell'Illinois, mantenendo una forte presenza locale nella regione.

Foresight Financial Group (OTCQX: FGFH) ha designado a William LaFever en su Junta Directiva. LaFever, CEO de Bill Doran Company, aporta una amplia experiencia en crecimiento empresarial y gestión financiera. Bajo su liderazgo, Bill Doran Co. ha visto un aumento en las ventas anuales de 20 millones de dólares a más de 175 millones de dólares. Foresight Financial Group, con 1.6 mil millones de dólares en activos a partir del 30 de junio de 2024, es el mayor tenedor de depósitos en el Condado de Stephenson, Illinois. La empresa opera seis bancos subsidiarios en el noroeste de Illinois, manteniendo una fuerte presencia local en la región.

Foresight Financial Group (OTCQX: FGFH)가 William LaFever를 이사회의 일원으로 임명했습니다. LaFever는 Bill Doran Company의 CEO로서 사업 성장과 재무 관리에 대한 광범위한 경험을 가지고 있습니다. 그의 지도 아래 Bill Doran Co.는 연간 매출이 2천만 달러에서 1억 7500만 달러 이상으로 증가했습니다. Foresight Financial Group은 2024년 6월 30일 기준으로 16억 달러의 자산을 보유하고 있으며 일리노이주 스테픈슨 카운티에서 가장 큰 예금 보유자입니다. 이 회사는 일리노이주 북서부에서 6개의 자회사 은행을 운영하며 이 지역에서 강력한 지역 존재감을 유지하고 있습니다.

Foresight Financial Group (OTCQX: FGFH) a nommé William LaFever à son conseil d'administration. LaFever, PDG de Bill Doran Company, apporte une vaste expérience en matière de croissance des affaires et de gestion financière. Sous sa direction, Bill Doran Co. a vu ses ventes annuelles passer de 20 millions de dollars à plus de 175 millions de dollars. Foresight Financial Group, avec 1,6 milliard de dollars d'actifs au 30 juin 2024, est le plus grand détenteur de dépôts du comté de Stephenson, dans l'Illinois. L'entreprise exploite six banques filiales dans le nord-ouest de l'Illinois, maintenant une forte présence locale dans la région.

Die Foresight Financial Group (OTCQX: FGFH) hat William LaFever in ihren Vorstand berufen. LaFever, CEO der Bill Doran Company, bringt umfassende Erfahrung in der Unternehmensentwicklung und Finanzverwaltung mit. Unter seiner Führung konnte die Bill Doran Co. ihre jährlichen Verkäufe von 20 Millionen Dollar auf über 175 Millionen Dollar steigern. Die Foresight Financial Group, mit 1,6 Milliarden Dollar an Vermögenswerten zum 30. Juni 2024, ist der größte Einleger im Stephenson County, Illinois. Das Unternehmen betreibt sechs Tochterbanken im Nordwesten von Illinois und pflegt eine starke lokale Präsenz in der Region.

Positive
  • Appointment of experienced business leader William LaFever to the Board of Directors
  • LaFever's track record of growing annual sales from $20 million to $175 million at Bill Doran Co.
  • Foresight Financial Group holds $1.6 billion in assets as of June 30, 2024
  • Largest market share of deposits in Stephenson County, Illinois
Negative
  • None.

WINNEBAGO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Foresight Financial Group Board of Directors is pleased to announce that William LaFever has joined the Board of Directors effective immediately.

Mr. LaFever is the CEO of the Bill Doran Company.  Bill Doran Co., headquartered in Rockford Illinois, is a floral distribution company with 25 offices nationwide and over 800 employees.  Bill has been with the company since 1996 and has grown annual sales from $20 million to over $175 million today. Prior to joining Bill Doran Co. Mr. LaFever was in public accounting with Arthur Anderson. Bill is a graduate of the University of Notre Dame.

“I am honored to serve on the board of directors of Foresight Financial Group. I am committed to upholding the shared values of the organization and contributing to its continued growth and success. It is an exciting time and I look forward to working collaboratively with my fellow board members to navigate the challenges and opportunities ahead,” said Mr. LaFever.

“We are thrilled to have Bill join our team. Bill has been an integral and highly respected part of the greater Rockford business community for many years and brings a wealth of knowledge and experience to the Foresight Board. His addition to the Foresight Board is another example of our commitment to strong local leadership for Rockford, Winnebago County as well as the greater Northern Illinois market area that we serve. As the only Winnebago County based banking organization, Foresight and its member banks are committed to providing the highest level of banking products and services with highly personalized service,” said Robert W. Stenstrom, Chairman Foresight Board.

Foresight Financial Group, Inc. is headquartered in Winnebago County in Northwestern Illinois and has assets totaling $1.6 billion as of June 30, 2024. Foresight continues to hold the largest market share of deposits of any financial institution operating in Stephenson County, Illinois. Foresight’s subsidiary banks include Northwest Bank of Rockford; State Bank, Freeport; State Bank of Davis; German American State Bank, German Valley; Lena State Bank; and State Bank of Herscher. Foresight common stock is listed on the OTCQX Marketplace under the trading symbol “FGFH”.

CONTACT:Peter Q. Morrison
CEO
(815) 847-7500 
  

809 Cannell-Puri Ct., Suite #5
P.O. Box 339
Winnebago, IL
61088 Office: 815-847-7500
www.foresightfg.com


FAQ

Who is the new board member appointed to Foresight Financial Group (FGFH)?

William LaFever, CEO of Bill Doran Company, has been appointed to the Board of Directors of Foresight Financial Group (FGFH), effective immediately.

What is Foresight Financial Group's (FGFH) total asset value as of June 30, 2024?

Foresight Financial Group (FGFH) reported total assets of $1.6 billion as of June 30, 2024.

Where is Foresight Financial Group (FGFH) headquartered?

Foresight Financial Group (FGFH) is headquartered in Winnebago County, Northwestern Illinois.

How many subsidiary banks does Foresight Financial Group (FGFH) operate?

Foresight Financial Group (FGFH) operates six subsidiary banks across Northwestern Illinois.

FORESIGHT FINCL GRP INC

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