Rockford, Ill., March 28, 2018 – A management change has been announced at Foresight Financial Group, Inc. and its subsidiary bank, State Bank of Davis.
Following a comprehensive review process, the State Bank of Davis Board of Directors has named Linda Heckert as President and Chief Executive Officer of the State Bank of Davis, effective April 2, 2018.
Prior to accepting the transfer and promotion to President and Chief Executive Officer of the bank, along with being named to the bank’s Board of Directors, Heckert held the position of Senior Vice President and Director of Retail and Business Banking at Northwest Bank of Rockford, a subsidiary of Foresight Financial, for the past seven years. Linda joined the Foresight Financial Group in 2009 with more than twenty years of commercial banking and financial services experience. A local resident of rural, southern Wisconsin, Heckert earned her BS degree in Finance from the Illinois State University. In addition, she earned her MBA, graduating with distinction from the Keller Graduate School of Management. Heckert serves as an active member of the community, currently serving on the Board for the Rockford Local Development Corporation and the MercyHealth Development Foundation. She has previously volunteered in many capacities, including previously being honored as the Janesville Volunteer of the Year and positioned on the Rockford Chamber – 20 People You Should Know.
In November 2017, Mary Hartman, President/CEO of State Bank, Freeport was appointed Interim President at State Bank of Davis. Mary will continue to be involved during a transition period to ensure all operations and customer service is maintained. “Mary has been instrumental in this leadership transition,” said Dr. Carolyn Sluiter, Chairwoman State Bank of Davis Board, “we are grateful for Mary’s leadership and excited for Linda to lead the Davis team and serve our customers.” Similarly, Linda will be involved with Northwest Bank during a transition period to ensure customer needs are met.
“I am proud of the addition of Linda to our team of Bank Presidents,” said Robert W. Stenstrom, Chairman Foresight Board. “Linda has demonstrated outstanding leadership at Northwest Bank and her promotion at State Bank of Davis and growth within the Foresight organization will position her to further contribute to the community, bank and entire organization. Our strong leaders at our six subsidiary banks are focused on being the preferred local banks in Northwest Illinois, enhancing shareholder value through our unique style of banking.”
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.