March 25, 2009

First Business Financial Services Elects Not to Participate in US Treasury Capital Purchase Program

MADISON, Wis., March 25, 2009 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that its Board of Directors has elected not to participate in the U.S. Treasury Troubled Asset Relief Program Capital Purchase Program ("CPP") after fully evaluating the related costs and benefits, as well as the potential impact on the long-term value of its shares. The company received preliminary approval from the U.S. Treasury on March 12, 2009 to issue up to $27 million of preferred stock under the CPP.

"We are very pleased to have been approved for participation in the Treasury’s CPP but even more pleased that we are able to decline participation due to the strength of our company," stated company CEO, Corey Chambas.

As announced last week, First Business surpassed $1 billion in assets and strengthened its capital position through another year of profitability. CEO Chambas stated, "Based on the company’s strong capital position and sound asset quality, the Board of Directors determined that we can better serve the long-term interests of our shareholders, clients and community by not participating in this program."
About First Business Financial Services, Inc.

First Business Financial Services, Inc. (Nasdaq:FBIZ) is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offers commercial banking, specialty finance, and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility, and responsiveness. For additional information, visit www.firstbusiness.com or call (608) 238-8008.

The First Business Financial Services, Inc. logo is available at http://www.firstbusiness.com/logo

Forward-Looking Statements
This press release contains forward-looking statements that reflect the Corporation's plans, estimates and beliefs. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "objective" and similar expressions and verbs in the future tense are intended to identify forward-looking statements. The statements contained in this press release involve or may involve certain assumptions, risks, and uncertainties, many of which are beyond the Corporation's control, which could cause actual results to differ materially from those discussed in the forward-looking statements. The forward-looking statements included in this press release are only made as of the date hereof, and the Corporation undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. In addition to the assumptions and other factors referenced specifically in connection with such statements, the factors described in "Item 1A. Risk Factors" in our Annual Report on Form 10-K and the following factors could impact the business and financial prospects of the Corporation: general economic conditions; legislative and regulatory initiatives; increased competition and other effects of deregulation and consolidation of the financial services industry; monetary and fiscal policies of the federal government; deposit flows; disintermediation; the cost and availability of funds; general market rates of interest; interest rates or investment returns on competing investments; demand for loan products; demand for financial services; changes in accounting policies or guidelines; general economic developments; acts of terrorism and developments in the war on terrorism; and changes in the quality or composition of loan and investment portfolios.

Contact:
Barbara Conley
Senior Vice President and General Counsel
First Business Financial Services, Inc.
(608) 232-5902
Email