First Business Qualifies for NASDAQ Global Select Criteria
MADISON, Wis., January 6, 2014 – Effective January 2, 2014,First Business Financial Services, Inc. (NASDAQ:FBIZ) will be listed on NASDAQ’s Global Select Market. NASDAQ has three tiers of markets: NASDAQ Capital Market, NASDAQ Global Market and NASDAQ Global Select Market.According to NASDAQ, the NASDAQ Global Select Market has the highest initial listing standards in the world. Approximately 1,200 companies are listed on the Global Select, having met these stringent financial and liquidity requirements for initial listing and continue to meet stringent financial, liquidity and corporate governance requirements.
“First Business’ inclusion in this exclusive market tier is the result of continued success following our first registered public offering in December 2012,” stated Corey Chambas, President & CEO. “The market continues to recognize this strong performance as our stock price has increased nearly 65% since the offering, driving our market capitalization to approximately $150 million.”
About First Business Financial Services, Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.3 billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. It is the 2nd largest Wisconsin-based commercial bank holding company listed on NASDAQ or the NYSE. Its companies include: First Business Bank - Madison; First Business Bank - Milwaukee; First Business Bank - Northeast; First Business Trust & Investments; First Business Equipment Finance, LLC; and First Business Capital Corp. For additional information, visit www.firstbusiness.com or call (608) 238-8008.
The First Business Financial Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2667