Foresight Financial Announces Appointment of William LaFever to Board of Directors
Rhea-AI Summary
Foresight Financial Group (OTCQX: FGFH) has appointed William LaFever to its Board of Directors. LaFever, CEO of Bill Doran Company, brings extensive experience in business growth and financial management. Under his leadership, Bill Doran Co. has seen annual sales increase from $20 million to over $175 million. Foresight Financial Group, with $1.6 billion in assets as of June 30, 2024, is the largest deposit holder in Stephenson County, Illinois. The company operates six subsidiary banks across Northwestern Illinois, maintaining a strong local presence in the region.
Positive
- Appointment of experienced business leader William LaFever to the Board of Directors
- LaFever's track record of growing annual sales from $20 million to $175 million at Bill Doran Co.
- Foresight Financial Group holds $1.6 billion in assets as of June 30, 2024
- Largest market share of deposits in Stephenson County, Illinois
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FGFH gained 2.87%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
WINNEBAGO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Foresight Financial Group Board of Directors is pleased to announce that William LaFever has joined the Board of Directors effective immediately.
Mr. LaFever is the CEO of the Bill Doran Company. Bill Doran Co., headquartered in Rockford Illinois, is a floral distribution company with 25 offices nationwide and over 800 employees. Bill has been with the company since 1996 and has grown annual sales from
“I am honored to serve on the board of directors of Foresight Financial Group. I am committed to upholding the shared values of the organization and contributing to its continued growth and success. It is an exciting time and I look forward to working collaboratively with my fellow board members to navigate the challenges and opportunities ahead,” said Mr. LaFever.
“We are thrilled to have Bill join our team. Bill has been an integral and highly respected part of the greater Rockford business community for many years and brings a wealth of knowledge and experience to the Foresight Board. His addition to the Foresight Board is another example of our commitment to strong local leadership for Rockford, Winnebago County as well as the greater Northern Illinois market area that we serve. As the only Winnebago County based banking organization, Foresight and its member banks are committed to providing the highest level of banking products and services with highly personalized service,” said Robert W. Stenstrom, Chairman Foresight Board.
Foresight Financial Group, Inc. is headquartered in Winnebago County in Northwestern Illinois and has assets totaling
| CONTACT: | Peter Q. Morrison CEO (815) 847-7500 |
809 Cannell-Puri Ct., Suite #5
P.O. Box 339
Winnebago, IL
61088 Office: 815-847-7500
www.foresightfg.com
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