Winnebago, Ill.-based State Bank promoted Chris Schneiderman to president on Oct. 31.
Peter Morrison will remain as CEO of the $1.4 billion bank. Schneiderman’s promotion came two weeks after Rex Entsminger, the former president/CEO and director of State Bank’s parent company, Foresight Financial Group, Inc., announced his immediate retirement. At the time, Morrison was named Foresight’s interim president and CEO.
Schneiderman has held key roles with State Bank for 20 years and was most recently executive vice president-senior lending officer. “[Schneiderman] has been one of the single most impactful forces behind the success State Bank has experienced in the greater Freeport market, and the board felt it was important to recognize not only those contributions but that [Schneiderman’s] title be reflective of the confidence the board has in his leadership abilities for the future,” Morrison said.