Rockford, Ill., April 16, 2018 – A new President/CEO has been announced at Foresight Financial Group, Inc.
The Foresight Financial Group Board of Directors is pleased to announce Rex Entsminger will be joining the holding company on April 16, 2018 as President and Chief Executive Officer.
Rex comes to Foresight Financial Group with more than thirty years of executive banking and leadership experience. He previously served as President and CEO for Alpine Bancorporation as well as Director for Alpine Bancorporation and Alpine Bank since 2012 and as Chief Financial Officer for six years prior. Rex has his Bachelor of Science in Accounting and Finance from the University of Nebraska and is a Certified Public Accountant. Throughout his career he has served the community in multiple capacities, including the United Way Advisory Board in Rockford, as a Director and Trustee of the Rockford Lutheran School and as Director of Zion Development Corporation. He also served in the United States Army Reserve.
“I am pleased Rex is joining our team and confident in the leadership he will provide our organization,” said Robert W. Stenstrom, Chairman Foresight Board. “Rex will lead and partner with our subsidiary bank Presidents, executive management team and Boards of Directors to build on our history of success and service provided to our communities. He will be responsible for executing our strategic plan focused on delivering on our mission of Community Building through Community Banking and increasing shareholder value.”
Foresight Financial Group, Inc. (OTC Bulletin Board FGFH) is headquartered in Northwestern Illinois and has assets totaling $1.164 billion as of December 31. 2017. 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 OTC Pink Sheets under the trading symbol FGFH.
Cover photo: Screenshot of website.