The Bank Slate


Foresight Financial in Ill. hires Illinois Bank CEO as its president

Foresight Financial Group in Winnebago, Ill., has hired a new president.

The $1.6 billion-asset company said in a press release that Jeffrey Hultman had also become its chief banking officer. He will lead the revenue, sales, and service activities for Foresight and its banks.

Hultman was CEO at Illinois Bank and Trust, a division of Heartland Financial USA.

Four other bankers from Illinois Bank joined Hultman at Foresight.

“We are thrilled to welcome these locally focused bankers,” Peter Morrison, Foresight’s CEO, said in the release.

“I am confident that … this new team and our significant existing talent will further strengthen and align our sales and service culture, positioning us to achieve our goal of championing the growth of our local economies by being the leader in the communities we serve,” Morrison added.

Foresight is the holding company for Northwest Bank of Rockford, State Bank; State Bank of Davis, German American State Bank, Lena State Bank and State Bank of Herscher.

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