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Foresight Financial Group, Inc. Appoints Todd J. James as Chief Financial Officer

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Foresight Financial Group, Inc. (OTCQX: FGFH) has appointed Todd J. James as its new Chief Financial Officer, effective August 19, 2024. James will replace retiring CFO Dean Cooke, who served the company for 27 years. This appointment follows the recent addition of Jeff Hultman as Foresight President in April, demonstrating the company's commitment to strengthening its executive team.

Foresight, an Illinois-based financial holding company founded in 1986, operates fourteen offices across Northern Illinois counties. The company's CEO, Peter Q. Morrison, emphasized Foresight's position as the sole banking services organization headquartered in Winnebago County and Rockford, Illinois, highlighting their mission of 'Community Building Through Community Banking'.

Foresight Financial Group, Inc. (OTCQX: FGFH) ha nominato Todd J. James come nuovo Direttore Finanziario, con effetto dal 19 agosto 2024. James sostituirà il CFO in pensione Dean Cooke, che ha servito l'azienda per 27 anni. Questa nomina arriva in seguito all'aggiunta recente di Jeff Hultman come Presidente di Foresight in aprile, dimostrando l'impegno dell'azienda nel rafforzare il proprio team esecutivo.

Foresight, una holding finanziaria con sede in Illinois fondata nel 1986, opera quattordici uffici nella contea del Nord Illinois. Il CEO dell'azienda, Peter Q. Morrison, ha sottolineato la posizione di Foresight come l'unica organizzazione di servizi bancari con sede nella contea di Winnebago e a Rockford, in Illinois, evidenziando la loro missione di 'Costruire Comunità Attraverso la Banca di Comunità'.

Foresight Financial Group, Inc. (OTCQX: FGFH) ha designado a Todd J. James como su nuevo Director Financiero, con efecto a partir del 19 de agosto de 2024. James reemplazará al CFO saliente Dean Cooke, quien sirvió a la empresa durante 27 años. Esta designación sigue a la reciente incorporación de Jeff Hultman como Presidente de Foresight en abril, demostrando el compromiso de la empresa con el fortalecimiento de su equipo ejecutivo.

Foresight, una compañía financiera con sede en Illinois fundada en 1986, opera catorce oficinas en los condados del Norte de Illinois. El CEO de la compañía, Peter Q. Morrison, destacó la posición de Foresight como la única organización de servicios bancarios con sede en el condado de Winnebago y Rockford, Illinois, subrayando su misión de 'Construir Comunidad a Través de la Banca Comunitaria'.

포리사이트 파이낸셜 그룹, 인크. (OTCQX: FGFH)는 토드 제임스를 새 최고 재무 책임자로 임명했다, 2024년 8월 19일부터 효력이 발생한다. 제임스는 27년 동안 회사를 위해 일한 퇴임 CFO 딘 쿡을 대체할 것이다. 이 임명은 4월 포리사이트의 사장으로 제프 헐트먼을 최근 영입한 것에 이어 이루어졌으며, 이로써 회사의 경영진 팀 강화 의지를 보여준다.

1986년에 설립된 일리노이 주의 금융 지주회사인 포리사이트는 북부 일리노이 카운티에 14개 사무소를 운영하고 있다. 회사의 CEO인 피터 Q. 모리슨은 포리사이트의 위치를 윈네바고 카운티와 록포드에 본사를 둔 유일한 은행 서비스 조직으로 강조하며, '커뮤니티 은행을 통한 커뮤니티 구축'이라는 그들의 사명을 강조했다.

Foresight Financial Group, Inc. (OTCQX: FGFH) a nommé Todd J. James comme nouveau Directeur Financier, à compter du 19 août 2024. James remplacera le CFO sortant Dean Cooke, qui a servi l'entreprise pendant 27 ans. Cette nomination fait suite à l'ajout récent de Jeff Hultman en tant que Président de Foresight en avril, démontrant l'engagement de l'entreprise à renforcer son équipe de direction.

Foresight, une société holding financière basée dans l'Illinois et fondée en 1986, opère quatorze bureaux dans les comtés du nord de l'Illinois. Le PDG de l'entreprise, Peter Q. Morrison, a souligné la position de Foresight en tant que unique organisation de services bancaires ayant son siège dans le comté de Winnebago et à Rockford, Illinois, mettant en avant leur mission de 'Construire des Communautés grâce à la Banque Communautaire'.

Foresight Financial Group, Inc. (OTCQX: FGFH) hat Todd J. James als neuen Chief Financial Officer ernannt, der am 19. August 2024 in Kraft tritt. James wird den scheidenden CFO Dean Cooke ersetzen, der 27 Jahre im Unternehmen tätig war. Diese Ernennung folgt auf die kürzliche Hinzufügung von Jeff Hultman als Foresight-Präsident im April und zeigt das Engagement des Unternehmens, sein Führungsteam zu stärken.

Foresight, eine in Illinois ansässige Finanzholdinggesellschaft, die 1986 gegründet wurde, betreibt vierzehn Büros in den nordlichen Illinois Landkreisen. Der CEO des Unternehmens, Peter Q. Morrison, betonte die Position von Foresight als die einzige Bankenserviceorganisation mit Hauptsitz im Winnebago County und Rockford, Illinois und hob ihre Mission hervor: 'Gemeinschaftsbildung durch Gemeinschaftsbanking'.

Positive
  • Appointment of experienced Todd J. James as new CFO, bringing both CFO and CEO level expertise
  • Recent addition of former Illinois Bank and Trust CEO Jeff Hultman as Foresight President
  • Strengthening of executive team with high-profile appointments
  • Unique position as the only banking services organization headquartered in Winnebago County and Rockford
Negative
  • None.

WINNEBAGO, Ill., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Foresight Financial Group, Inc. (OTCQX: FGFH) (“Foresight” or the “Company”) an Illinois corporation founded in 1986, is a financial holding company with fourteen offices in the Northern Illinois counties of Winnebago, Stephenson, Boone, and Kankakee. Holdings of Foresight include German American State Bank located in German Valley, Pecatonica, and Winnebago; State Bank of Davis located in Davis; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee, announced today the appointment of Todd J. James as the Chief Financial Officer of Foresight effective August 19, 2024. Mr. James will assume the duties of retiring Foresight Chief Financial Officer Dean Cooke following 27 years of distinguished service to Foresight and its subsidiaries. “We are delighted to welcome Todd as Chief Financial Officer,” said Peter Q. Morrison, CEO of Foresight. “The addition of Todd to our executive staff and the experience he brings at both the CFO and CEO level adds enormous depth to our team. Having brought on former Illinois Bank and Trust CEO Jeff Hultman as Foresight President in April, the addition of Todd James clearly exhibits the commitment Foresight has in being the preeminent banking group in Northwestern Illinois and Southwestern Wisconsin. Foresight and its affiliates now represent the sole Banking services organization with headquarters not only in Winnebago County, but Rockford Illinois as well. Rockford and the greater Winnebago and Stephenson county area deserves local ownership and representation, and Foresight and its affiliate banks are there to fill that need and live up to our mission of Community Building Through Community Banking.

About Todd J. James

Mr. James brings over 30 years of experience to Foresight having started his career in public accounting before moving into banking with Amcore Financial, and then for the last 20 years at Blackhawk Bank in Beloit Wisconsin where he held the title of CFO, and for the last 5 years President & CEO as well as Chairman of the Board. Mr. James received his BS in Accounting from Northeast Missouri State University, graduated from the Graduate School of Banking in Madison WI, and holds the designation of Certified Public Accountant .

About Foresight Financial Group, Inc.

We are a market driven, people oriented community banking organization dedicated to enhancing shareholder value by providing our customers with diversified financial services that help them achieve economic success and financial security. We will pursue these goals while balancing shareholder and customer interests with the ongoing welfare of our employees and local communities.

The members of our group maintain a high degree of independence and sensitivity to the concerns of the local communities and markets that we choose to serve. We will seek to expand sensibly into new markets when we believe that our business model and community banking philosophy can be successfully extended. For more information about Foresight, please visit: www.foresightfg.com


FAQ

When will Todd J. James start as CFO of Foresight Financial Group (FGFH)?

Todd J. James will start as Chief Financial Officer of Foresight Financial Group (FGFH) effective August 19, 2024.

Who is Todd J. James replacing as CFO at Foresight Financial Group (FGFH)?

Todd J. James is replacing Dean Cooke, who is retiring after 27 years of service as CFO at Foresight Financial Group (FGFH).

How many offices does Foresight Financial Group (FGFH) operate?

Foresight Financial Group (FGFH) operates fourteen offices across Northern Illinois counties, including Winnebago, Stephenson, Boone, and Kankakee.

What recent executive appointments has Foresight Financial Group (FGFH) made?

Foresight Financial Group (FGFH) recently appointed Todd J. James as CFO and Jeff Hultman, former Illinois Bank and Trust CEO, as President in April.

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