New Charter Announcement

We're Becoming the Largest Locally Headquartered
and Managed Banks in the Region

[UPDATE] As part of our transition to a Division of Foresight Bank, you will begin to see Foresight Bank listed on notices, bank statements, and other formal documents, starting May 1, 2025.

What this means for you: This is simply a legal name change as part of our transition to a Division of Foresight Bank. There are no changes to your account or services, and your access will remain the same and there is no action required on your part.

Thank you for being a valued customer. We appreciate your continued trust.

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:


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 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.
What changes will I see as a result of the transition?	Starting May 1, 2025, you will notice that "Foresight Bank" or "Division of Foresight Bank" appears on notices, bank statements, and other formal documents. This change is simply a legal update as part of our transition to a Division of Foresight Bank.

Federal Deposit Insurance Corporation (FDIC) Questions

Questions	Answers
Will my FDIC insurance change as part of the consolidation?	Your accounts will continue to be FDIC insured. However, once our six banks; Northwest Bank of Rockford, German American State Bank, Lena State Bank, State Bank Freeport, State Bank of Davis, and State Bank of Herscher, consolidate into Foresight Bank on May 1, 2025, deposit balances held at multiple divisions will be combined for FDIC insurance purposes. However, the FDIC provides a 6-month grace period during which your coverage will remain unchanged—giving you time to review and adjust your accounts if needed. For time deposits, like CDs, with a maturity date outside the six month grace period, FDIC coverage will continue until six months after the maturity date. Contact your banker for a personalized review to ensure your funds remain fully protected.
How long do I have before the balances are combined for FDIC insurance purposes?	The FDIC allows a grace period of six months from the date of consolidation, which is May 1, 2025. During that time, your deposits at each of the previously separate banks will continue to be insured separately. After that, your total balances across divisions will be combined for insurance purposes. For time deposits, like CDs, with a maturity date outside the six month grace period, FDIC coverage will continue until six months after the maturity date. We encourage you to talk with your banker now to plan ahead and explore your options.
What is the standard FDIC insurance coverage?	The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category (such as individual, joint, trust, etc.). If you’re unsure how this applies to your situation, reach out to your banker for assistance.
What should I do if I think my combined balances may exceed FDIC limits after May 1, 2025?	Our team is here to help. Contact your local branch or banker to review your accounts. We offer tailored solutions and strategies to help ensure your funds remain fully insured—even if your total balances exceed standard FDIC limits.

FDIC Insurance Coverage Notice

As of May 1, 2025, our six community banks officially consolidated under Foresight Bank. As a result of this consolidation, deposit accounts held at multiple divisions of Foresight Bank are now considered part of the same FDIC-insured institution.

The Federal Deposit Insurance Corporation (FDIC) provides a six-month grace period—from May 1 through October 31, 2025—during which deposits that were separately insured under the original bank charters will continue to be insured separately. After this period, account balances across all divisions will be aggregated for insurance coverage and insured up to the standard limit of $250,000 per depositor, per insured bank, per ownership category. For time deposits, like CDs, with a maturity date outside the six month grace period, FDIC coverage will continue until six months after the maturity date.

If you have not yet reviewed your combined account balances, we encourage you to connect with your local banker. Our team is here to help you understand your coverage and explore available options to ensure your deposits remain fully protected.