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We're Becoming the Largest Locally Headquartered
and Managed Banks in the Region
At State Bank, we’re always looking for ways to better serve you. As part of the Foresight Financial Group family of banks, which includes German American State Bank, Lena State Bank, State Bank of Davis, Northwest Bank of Rockford, and State Bank of Herscher, we’re proud to offer the best of both worlds: the strength of a larger network combined with the local service and decision-making that you value. Over the past few years, we’ve worked as a group to enhance services and improve efficiency, always with you—and the well-being of our communities—in mind.
Now, as a natural next step, we’re bringing our six community banks together under a single charter. This is not a merger or buyout; it’s an internal change to structure that strengthens our organization and enhances what we can offer you. This transition will not change the way you bank in any negative way. Instead, it opens the door to even better solutions, service, and convenience. We’re becoming the largest locally headquartered and managed banks in the region, allowing us to streamline operations and provide an improved banking experience with valuable benefits we can pass on to you.
What You Can Look Forward To:
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| Enhanced Convenience | Increased Lending Power | Continued Local Decisions | New Offerings |
| Soon, you’ll have seamless access to in-person services at any of our 14 locations across Stephenson, Winnebago, and Kankakee counties, saving you time and expanding your banking options. | Our expanded lending limits will provide you with greater support for personal, commercial, and agricultural goals, with faster access to approvals and funds when you need them. | We’ll remain locally chartered, so you can count on decisions being made by people who know our communities and can respond quickly and effectively to your needs. | You’ll enjoy access to a broader range of products, services, and technology designed to meet your evolving financial needs and provide you with cost-effective solutions. |
What You Can Continue to Count on:
- You’ll still be banking with the same familiar faces and working with the trusted team you know and trust.
- Our commitment to community banking values remains unchanged – decisions will continue to be made by local leaders who understand our market.
- We’ll still be State Bank, a Division of Foresight Community Bank, dedicated to personal relationships and responsive service.
Frequently Asked Questions (FAQs)
| Questions | Answers |
|---|---|
| Is there anything I need to do? | No, there’s nothing you need to do. Your accounts and services will continue as usual. |
| Why is State Bank consolidating? | We’re bringing our Foresight banks together under one charter to make operations simpler and focus more on serving you with the local banking services you value. |
| When will the consolidation occur? | State Bank will become a division of Foresight Bank on 5/1/2025. |
| Will I still work with the same bank staff? | Yes, you’ll still see the same friendly faces you know and trust. This change won’t lead to layoffs—our team is here to continue providing you with personal, local service. |
| How will this impact my banking experience? | Your experience will stay the same. You’ll keep enjoying the same local, personal service from the State Bank staff you know and trust. |
| Will this affect my FDIC insurance coverage? | Your accounts remain fully insured by the FDIC. Until the consolidation is complete, any accounts you hold with different Foresight banks are insured separately. Once combined, your accounts will be aggregated for FDIC insurance purposes. If you have questions about your coverage levels, please reach out to us, and we’ll be happy to assist. |
| Will my account numbers or routing number change? | Routing numbers will not change. In most cases, your account number(s) will not change. There may be duplicate account numbers between banks, if we find you have an impacted account, we will contact you closer to the consolidation with next steps. |
| Will my online and mobile banking change? | No, your online and mobile banking will not change. Please continue using the new platform we recently introduced. |
| Can I still use my debit card and checks? | Yes, you can still use your State Bank debit card and checks. |
| Will I need to make changes to any automatic deposits or payments? | In most cases, no. For most customers, account and routing numbers will not change, and therefore any automatic deposits or payments will not be impacted by the consolidation. |
| What if I have accounts at multiple Foresight banks? | For now, your accounts will continue to be serviced separately. If any adjustments are needed in the future, we’ll provide clear information to ensure a smooth transition. |