Skip to Content
Close Icon

Our History

welcome to freeport

Welcome to State Bank, your locally owned and operated community bank.

From the beginning, we have dreamed of starting and growing a community bank devoted to helping customers the right way. We believe in one-on-one, warm, personal attention offered with contemporary products. All of this is provided by knowledgeable, friendly, professional bankers who are committed to serving our community.

Today, we continue to research new products and services in order to meet the changing needs of our customers. Since opening our doors in 1999 we have come to provide such value-added products as online and mobile banking, identity theft protection, cash management services, and much more.

One thing that hasn't changed over the years is our unique style of doing business provided by the area's most experienced team of professional employees. We are a bank that is far more committed to customers than most. It's that independent spirit that allows us to provide banking with yesterday's attitude and tomorrow's services.

We would like to thank all of our friends and customers for your business and relationships. You are the reason for our success - thank you!

Our Mission

State Bank will be the preferred, local community bank by providing the highest quality service and targeted, competitive products. Our goal is to create customer loyalty, employee pride and shareholder value while supporting the well-being of our community.

Our Values

We believe in... 

  • Enhancing the long-term financial success of our customers through a value-added relationship.
  • Preserving and enhancing shareholder equity through a steady and sustainable growth in earnings and dividends.
  • Striving for excellence in the delivery of customer service and in the development of customer products whereby we commit to make the customer's interest our interest.
  • Attracting, developing, and retaining people of the highest character and competence and providing them with a system of above-average rewards and incentives, in return for their performance, loyalty, team effort, and commitment.
  • Respecting the dignity and rights of the public we serve and of our fellow workers by treating people the very way we would like to be treated.
  • Promoting the economic and social health of the communities and public we serve.

Press Releases: 

April 24, 2023: State Bank, Freeport Announces Selection of New President/CEO, Chris Schneiderman

February 6, 2023: State Bank, Freeport Announces Acquisition of GreenState Credit Union Agriculture Loan Portfolio

About Foresight Financial Group, Inc.
Foresight Financial Group, Inc. is a locally owned bank holding company headquartered in Winnebago County, Illinois, with total assets of $1.63 billion as of December 31, 2024. Foresight Financial is the parent company of Foresight Bank, which was formed through the legal consolidation of six long-standing community banks: German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis, and State Bank of Herscher.

Each location continues to serve its community under its familiar name as a division of Foresight Bank—delivering local service backed by the strength and resources of a unified organization. Foresight Financial Group’s common stock is traded on the OTCQX Marketplace under the symbol “FGFH.”