First Business Newsroom

First Business Financial Services, Inc. Promotes Mary Oliverio

Tue, 9 Mar 2010 06:00:00 GMT

MADISON, WI, March 9, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Mary Oliverio has been promoted to Loan Services Supervisor.

Mary joined First Business as a Loan Service Representative two years ago with over 23 years of experience in both retail and commercial banking. Most of Mary's career has been spent in Loan Servicing in various roles from Customer Service to Management.

First Business Financial Services, Inc. Hires Mark Van Someren

Wed, 3 Mar 2010 06:00:00 GMT

MADISON, WI, March 3, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Mark Van Someren has been hired as Client Support Representative.

Mark comes to First Business with nine years of customer service experience. He previously worked as a Senior Customer Service Banker at Park Bank. Mark is a graduate of the University of Wisconsin - Stevens Point with a Bachelor of Science degree in Business Administration.

First Business Capital Corp. Promotes Ryan Jahns and Bridget Persch

Thu, 25 Feb 2010 06:00:00 GMT

MADISON, WI, February 25, 2010 - First Business Capital Corp. announced today that Ryan Jahns has been promoted to Field Examiner and Bridget Persch to Senior Collateral Analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Ryan joined First Business Capital Corp. in December 2007 after an internship at First Business Bank-Northeast. He worked as a Collateral Analyst with First Business Capital Corp. prior to his promotion to Field Examiner. Ryan is a graduate of Ripon College with a Bachelor of Science degree in Business and Economics.

Bridget has been promoted to Senior Collateral Analyst and is responsible for the training and development of new Collateral Analysts. She joined First Business Capital Corp. in 2007 after working as a Client Service Representative and Client Support Representative for First Business Bank. Bridget earned a Bachelor of Science degree in Political Science from the University of Dayton in Dayton, Ohio.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $1,000,000 to $7,000,000 and more. It provides revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing. For additional information, visit www.firstbusiness.com or call 608-232-5980.

Tim McKeag Joins First Business Bank

Tue, 23 Feb 2010 06:00:00 GMT

APPLETON, WI - February 23, 2010 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Tim McKeag has been hired as Vice President of Business Development.

Tim comes to First Business with 25 years of experience. He was previously Market President of The Business Bank - Appleton. Tim has a Bachelor of Business Administration degree in Management and a Master of Business Administration degree from the University of Wisconsin - Oshkosh. Tim has volunteered his time as a board member with the Salvation Army, Boy Scouts, Outagamie County Housing Authority, and the University of Wisconsin - Oshkosh College of Business Administration.

About First Business Bank - Northeast
First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments. Among these products are: remote deposit, treasury management, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 920-734-1800.

In difficult times, firms turn to alternate financing

Fri, 19 Feb 2010 06:00:00 GMT

First Business Capital Corp. Hires Kurts Strelnieks and Brian Benz

Fri, 12 Feb 2010 06:00:00 GMT

MADISON, WI, February 12, 2010 - First Business Capital Corp. announced today that Kurts Strelnieks and Brian Benz have accepted positions as Vice President - Account Executive. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Kurts will be responsible for managing existing client relationships at First Business Capital Corp. He has over 20 years of banking experience, primarily in asset-based lending. Past asset-based lending experience includes positions at Associated Commercial Finance, LaSalle Business Credit, Firstar Financial Services, and Norwest Business Credit. He graduated from Augsburg College with an Accounting degree and the University of St. Thomas with an MBA. He has been a board member of local chapters of the Turnaround Management Association and the Association for Corporate Growth.

Brian will be responsible for managing existing client relationships within First Business Capital Corp. He has over 13 years of asset-based lending experience which includes four years at Bank of America Business Capital and five years at GE Capital. Brian received his Bachelor's degree in Finance from Ball State University.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $1,000,000 to $7,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing. For additional information, visit www.firstbusiness.com or call 608-232-5980.

First Business Financial Services, Inc. Promotes Joni Ciula and Brian Spielmann

Fri, 5 Feb 2010 06:00:00 GMT

MADISON, WI, February 5, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Joni Ciula has been promoted to Senior Treasury Analyst and that Brian Spielmann has been promoted to Senior Financial Accountant.

Joni joined First Business in 2003. Since then she has held several positions in various entities of the bank including: Loan Support Representative for First Business Financial Services; Collateral Analyst and Field Examiner for First Business Capital Corp; and most recently, Treasury Analyst for First Business Financial Services. Joni is a graduate of the University of Wisconsin - Madison with a Bachelor's degree in Finance.

Brian has been with First Business since 2006. He is a graduate of Bradley University in Peoria, IL where he earned his Bachelor of Science in Accounting. During his time at Bradley University, Brian served as a Captain of the Varsity Baseball Team. Brian recently passed the CPA exam and is pursuing an MBA from Edgewood College.

Economy growth of 5.7 percent shows signs of recovery

Mon, 1 Feb 2010 06:00:00 GMT

Survey: Fox Valley Biz Survived Recession Better Than Madison, Milwaukee

Sun, 31 Jan 2010 06:00:00 GMT

Economic Survey Reveals Northeast Wisc. Businesses Led Dane & Milwaukee/Waukesha Counties in 2009

Fri, 29 Jan 2010 06:00:00 GMT

MADISON, January 29, 2010 - Northeast Wisconsin businesses fared better than their counterparts in Dane County and Milwaukee/Waukesha Counties in 2009 according to a report released today by First Business Bank. Overall however, all three regions showed similar economic declines. The majority of firms did not meet expectations for 2009, with actual sales revenue and profitability showing declines. Despite a challenging 2009, all economic predictions for 2010 are positive.

"The optimism for 2010 is paramount," says Mark Meloy, President and CEO of First Business Bank - Madison. "Clearly there were challenges in 2009, but nearly 50 percent of businesses, and higher figures in some regions, expect increased sales revenue this year. That confidence says a lot about the character of the states' business owners."

The First Business Economic Survey of Dane County, Milwaukee/Waukesha Counties, and Northeast Wisconsin was sponsored by First Business Bank and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business. The University of Wisconsin-Oshkosh and Insight Publications additionally sponsored the Northeast survey. Carroll University additionally sponsored the Milwaukee/Waukesha survey. Results for each region were released late last year. This new report looks at the state as a whole to compare economic realities across regions.

"The results show that the three geographic areas surveyed are all quite comparable," says Mickey Noone, President - Northeast Region of First Business Bank. "The Northeast did see lower declines than the other survey regions in sectors such as profitability and sales revenue which may be attributed to a higher number of business-to-business firms located in the Northeast."

For the first time in the seven year history of the survey, all three regions saw declines in all seven economic indicators including: sales revenue; profitability; total operating costs as a percentage of revenue; capital expenditures; number of employees; overall wage changes; changes in pricing; and operating capacity. This is also the first time in the survey's history a majority, 52 percent, of firms did not meet expectations. Sales were down overall and respondents that had steep sales declines, greater than a 10 percent decline, were over double that of the previous year.

Milwaukee and Waukesha Counties suffered the most in 2009 according to the survey. In addition to decreases in sales and profitability, these businesses reported the largest decrease in number of employees and changes to wages.

"The results for Milwaukee/Waukesha Counties may be attributed to a higher concentration of small businesses in the region," says Dave Vetta, President and CEO of First Business Bank - Milwaukee. "These businesses are already lean and may have a harder time downsizing their business models to meet economic challenges."

Additional survey findings by economic category include:

Sales revenue:
Firms headquartered in the Milwaukee/Waukesha region had the largest percentage of firms reporting decreased actual revenue among the three regions.

Forecasts for 2010 are most optimistic in the Northeast WI region, with 72 percent of firms expecting an increase in revenue next year.

Profitability:
37.2 percent of the Milwaukee/Waukesha region reported decreased profitability of 10 percent or greater, compared to just 21.8 percent in Northeast WI with Dane County between the two.

Milwaukee/Waukesha is forecasting a decreased profitability (31.8 percent) at a greater rate than Dane (23.4 percent) or Northeast WI (13.35 percent).

Operating costs as a percentage of revenue:
37.7 percent of the Northeast WI region reported 2009 increases in operating costs, compared to higher levels in Dane (49.5 percent) and Milwaukee/Waukesha (48.9 percent).

Capital expenditures:
All three regions had 35 percent - 40 percent of business reporting unchanged 2009 capital expenditures. Where there was a change, the highest report in percentage was greater than a 10 percent decrease (greater than 20 percent in all three regions).

All three regions had nearly 50 percent of businesses forecasting 2010 capital expenditures to stay constant.

Number of employees:
In 2009, most firms did not change their number of employees, however when there was a change, the greatest change was a greater than 10 percent decrease (more than 15 percent in all three regions).

Milwaukee/Waukesha had the highest proportion of firms indicating a decrease in the number of employees.

Overall wage changes:
In all markets, most firms made no change in wages. If they did make a change, it was an extreme increase or an extreme decrease, historically an unusual step.

Only 6.3 percent of firms from Northeast Wisconsin project cutting wages in 2010.

Pricing:
Dane County has the highest percentage of firms projecting increased pricing for 2010.

There are moderate price increases projected across the board for 2010, and very few firms project decreasing prices.

Operating capacity:
Capacity utilization levels are relatively similar across all three regions, however 29.7 percent of Dane County businesses are operating at 80 percent or higher of capacity utilization, compared to 23.0 percent for Northeast and 22.3 percent for Milwaukee/Waukesha.

2010 Expectations:
The majority of businesses in all three regions showed positive expectations for business performance in 2010.

Optimism varies by region. While only 14.8 percent of Northeast businesses expect to do worse, 25.5 percent and 35.2 percent expect to do worse in Dane County and Milwaukee/Waukesha Counties respectfully.

First Business Bank has been conducting the economic survey of Dane County for the past seven years. The survey was based on the responses of 425 Dane County businesses across the county. First Business Bank has been conducting the economic survey of Northeast Wisconsin for two years. The survey was based on the responses of 373 Northeast Wisconsin businesses across the Northeast region. This is the second year First Business has been conducted the economic survey of Milwaukee and Waukesha Counties. The survey was based on the responses of 566 Milwaukee and Waukesha County businesses across the two counties. The sample size has an error range of .05 and a confidence level of
95 percent.

Additional Information:
Full survey results are available at www.firstbusiness.com/survey

An 8 minute podcast highlighting the results is available at www.firstbusiness.com/podcast

Companies in three regions of Wisconsin had decline in economic indicators in 2009

Fri, 29 Jan 2010 06:00:00 GMT

Northeast Wisconsin leads Dane, Milwaukee counties in survey

Fri, 29 Jan 2010 06:00:00 GMT

Survey: northeast Wisconsin biz fared better in '09 than southern Wisconsin biz

Fri, 29 Jan 2010 06:00:00 GMT

Barbara H. Stephens Joins First Business Financial Services, Inc. Board of Directors

Thu, 28 Jan 2010 06:00:00 GMT

MADISON, January 28, 2010 - First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that Barbara H. Stephens has joined its Board of Directors.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7032

Stephens is currently Senior Vice President-Human Resources with Bucyrus International, Inc.; a $2.5 billion Milwaukee, Wisconsin-based manufacturing company. Prior to joining Bucyrus, Ms. Stephens was Director of Human Resources with Snap-On Tools located in Kenosha, Wisconsin. She has held a variety of managerial and executive level positions in her over 20-year career as a Human Resources professional and has a Master of Science, Education - Workforce, Education and Development from Southern Illinois University, Carbondale.

"We are pleased to have Barbara join our board," stated Jerry Smith, Chairman and Co-Founder of First Business Financial Services, Inc. "I have been impressed with Barb's business leadership over the years, and look forward to the opportunity of working directly with her at First Business."

About Bucyrus International, Inc.
Bucyrus is a world leader in the design and manufacture of high productivity mining equipment for the surface and underground mining industries. Bucyrus' surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals. Bucyrus' underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. In addition to machine manufacturing, Bucyrus manufactures high quality OE parts and provides world-class support services for their machines. Bucyrus' corporate headquarters is located in South Milwaukee, Wisconsin, USA.

Barbara H. Stephens Joins First Business Financial Services, Inc. Board of Directors

Thu, 28 Jan 2010 06:00:00 GMT

Brian Hagen Joins First Business Bank

Tue, 26 Jan 2010 06:00:00 GMT

MADISON, WI - January 26, 2010 - First Business Bank announced today that Brian Hagen has accepted the position of Vice President. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Brian has over ten years of banking experience in the Madison area primarily focused on commercial real estate lending. His main responsibility is managing the bank's commercial real estate loan portfolio as well as new business development. Brian earned his Bachelor's degree in Finance from the University of Wisconsin - Madison and later attended Edgewood College earning an MBA. He is active in the community, volunteering time for both Habitat for Humanity and United Way. Brian is a Wisconsin native, growing up in Sun Prairie. He now lives in Middleton with his wife, Alissa and daughter, Emily.

About First Business Bank
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial lending, treasury management, private banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

Emily Bradley of First Business is the recipient of the WI-ACE President's Award

Wed, 20 Jan 2010 06:00:00 GMT

MADISON, WI, January 20, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Emily Bradley has been awarded the WI-ACE President's Award.

Emily has been a member of WI-ACE (Wisconsin Association of Colleges and Employers) since 2005 where she has been part of the conference planning committee since 2006, served as the co-chair in 2008, and chaired the committee in 2009. Emily is currently the President-elect, and will be serving as President of WI-ACE in 2011. The President's award is one of the most prestigious honors that can be awarded to a WI-ACE member. The award recognizes dedication and excellence in serving the membership of the organization. Emily is a Human Resources (HR) Associate with First Business Financial Services. She is responsible for the organization's recruiting function and handles basic HR Generalist responsibilities. She recently received her PHR (Professional in Human Resources) certification from the Human Resource Certification Institute. Emily has a Bachelor of Science degree from the University of Wisconsin - La Crosse in Management & Human Resources, with a minor in Psychology. She also received a Master of Science degree from the University of Wisconsin - Madison in Educational Leadership & Policy Analysis (ELPA) with an emphasis in Higher Education. Emily is a member of the national and greater Madison area Society for Human Resource Management (SHRM) chapters and involved with the United Way of Dane County.

About Wisconsin-Association of Colleges and Employers, Inc. (WI-ACE)
Founded in 1964, WI-ACE is an organization of Wisconsin employers and college career related offices, devoted to connecting students and graduates with internship, coop and full-time positions. The WI-ACE mission is to provide an opportunity for employers and career services professionals to share knowledge and ideas that inspire, guide, and promote best practices that effectively connect students and employers. Go to www.wi-ace.org or call 608-785-8515 for details.

First Business Affiliated Mezzanine Fund Announces Equity

Fri, 15 Jan 2010 06:00:00 GMT

MADISON, WI - January 15, 2010 - First Business Bank, part of First Business Financial Services, Inc. (NASDAQ: FBIZ), announces the recent funding of another mezzanine equity investment through its affiliation with Aldine Capital Partners, Inc.

The new investment includes subordinated debt and equity capital with Lanair Products LLC of Janesville, WI. In addition, First Business also provided the senior debt financing for this transaction. The fund enabled Lanair Products to acquire Lenan Corp, a niche manufacturer of waste oil heaters and related equipment in Janesville, WI. This transaction allows for a transition of the business to a highly qualified operator while maintaining its presence in Janesville. The business will be operated as Lanair Products LLC, a wholly owned subsidiary of Lanair Holdings LLC.

First Business Bank offers mezzanine funding to Madison-area clients through an investment with Aldine Capital Fund, L.P. to provide funding between $2 million and $8 million in investment size. Mezzanine financing, also referred to as "mezzanine capital" or "junior capital," allows borrowers to obtain unsecured debt financing based on cash flow rather than traditional collateral. It is a tool that can fill the financing gap that often occurs between owners' equity and traditional bank financing, where the maximum bank loan might be capped by collateral requirements or other limitations. Mezzanine financing is most often used for financing growth, re-capitalization, acquisitions or ownership changes.

About Aldine Capital Partners
Aldine Capital Partners is a Chicago-based private equity firm which provides subordinated debt and minority equity financing to lower middle market companies in Wisconsin and Illinois. Aldine typically invests $2-8 million per transaction to finance management and leveraged buyouts, recaps and growth. For additional information, visit www.aldinecapital.com or call 312-346-3950.

About First Business Bank - Madison
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial loans, treasury management products and remote deposit, Internet banking, mezzanine funding, retirement plans/investment management services/trustee services, asset based lending, and equipment leasing and finance. For additional information, visit www.firstbusiness.com/madison or call 608-238-8008.

Tech +: Dane County Economic Survey Says...

Fri, 15 Jan 2010 06:00:00 GMT

First Business Bank-Milwaukee adds Lorenz to board

Thu, 14 Jan 2010 06:00:00 GMT

W. Kent Lorenz Joins First Business Bank - Milwaukee Board of Directors

Wed, 13 Jan 2010 06:00:00 GMT

MILWAUKEE, WI, January 13, 2010 - First Business Bank - Milwaukee announced today that W. Kent Lorenz has joined its Board of Directors. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Kent Lorenz is President of the Midwest Region of Ellison Technologies, a provider of advanced machining and robotic automation solutions to North American metal-cutting manufacturers and their global affiliates. Kent currently serves on their Executive Committee with additional responsibilities for strategic planning, marketing, IT, and the spare parts division. He is a current member of the Wisconsin Chapter of YPO (Young Presidents' Organization) and serves as an Elder at the Jerusalem Presbyterian Church. He is past Chairman of the American Machine Tool Distributors' Association (AMTDA), past President of the Pewaukee Woods Owner's Association, and past member of the Pewaukee Lake Citizens Advisory Committee. Kent is also the Owner/Partner of DKR Investors LLC. He graduated from the University of Wisconsin - Madison with a degree in Engineering Mechanics.

"We're pleased to have Kent join our board. His expertise complements that of our existing First Business Bank Board of Directors and builds upon the resources we offer our clients and staff." stated Dave Vetta, President & CEO of First Business Bank - Milwaukee.

About First Business Bank - Milwaukee
First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs. For additional information, visit www.firstbusiness.com or call 262-792-1400.

First Business Financial Services, Inc. Hires Melissa Colby

Tue, 12 Jan 2010 06:00:00 GMT

MADISON, WI, January 12, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Melissa Colby has been hired as a Financial Accountant.

Melissa comes to First Business with eight years of customer service experience. She is a recent graduate of the University of Wisconsin - Whitewater, with a double major in Accounting and Finance. Melissa is an active volunteer at Touched by a Paw, a no-kill cat shelter in Whitewater, WI.

First Business economic survey released for Dane County

Fri, 8 Jan 2010 06:00:00 GMT

Corey Chambas Interviewed on WISC-TV "For The Record"

Tue, 29 Dec 2009 06:00:00 GMT

First Business Capital Corp. Hires Jim Marlin

Mon, 21 Dec 2009 06:00:00 GMT

MADISON, WI, December 21, 2009 - First Business Capital Corp. announced today that Jim Marlin has accepted the position of Field Examiner. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Jim will be responsible for conducting field examinations of existing and prospective clients. He is a graduate of Carroll University, where he earned a Bachelor of Business Administration degree in Accounting.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $1,000,000 to $7,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing. For additional information, visit www.firstbusiness.com or call 608-232-5980.

First Business Economic Survey of Northeast Wisconsin

Thu, 17 Dec 2009 06:00:00 GMT

Business owners are optimistic about 2010

APPLETON, WI) - December 17, 2009 - Businesses in Northeast Wisconsin continued to face economic pressures in 2009. However, despite the unsatisfactory year, business owners have positive expectations for 2010, according to a report released today by First Business Bank at the invitation-only First Business Economic Forum.

The First Business Economic Survey of Northeast Wisconsin, sponsored by First Business Bank, the University of Wisconsin-Oshkosh, and Insight Publications, and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, showed that all business sectors reported declines in all eight economic categories surveyed- sales revenue; profitability; total operating costs as a percentage of revenue; capital expenditures; number of employees; overall wage changes; changes in pricing; and operating capacity.

More than 50 percent of businesses did not meet expectations in 2009. Fifty-seven percent of Northeast Wisconsin businesses saw a decrease in sales and a 49 percent a decrease in profitability. Although sales were down overall, the manufacturing sector was the hardest hit. Northeast firms also saw a significant decrease in employee numbers, with nearly 42 percent indicating a decrease in the number of employees. Additionally, 25 percent of businesses also saw 2009 wages decrease.

"This was definitely a year of steep declines in all economic areas reviewed," says by Dr. E. Alan Hartman, Professor of Management and Human Resources and Former Dean of the College of Business at the University of Wisconsin-Oshkosh. "These declines were most severe for those selling to businesses and manufacturers and less so for those selling primarily within Northeast Wisconsin."

Despite the disappointing year, businesses are optimistic about 2010. The report indicated 85 percent of businesses expect to do better in 2010. More than half of businesses expect sales revenue and profitability to increase in 2010 and a majority of firms anticipate wages to increase next year.

Mickey Noone, President - Northeast Region of First Business Bank said the report shows that Northeastern Wisconsin is similar to the rest of the country in feeling the impact of the national economic downturn. "Overall, Northeast Wisconsin business performance was down in 2009, much like the national picture. The expectations however for 2010 bouncing back reflect the optimism held by Northeast businesses," Noone said.

"There are some positive signs in this report," says Hartman. "Seventy-two percent of firms are expecting an increase in sales revenue in 2010. Northeastern Wisconsin businesses are working hard to get through these tough times. It shows resilience that I would expect from Northeast Wisconsin business owners. There is confidence in the business community"

Each year the survey asks a current event question. In 2009, businesses were asked about the impact Federal healthcare reform would have on their business. When asked, "How would the proposed healthcare legislation affect your business?" more than 62 percent responded negatively. Only 12 percent believe such legislation would have a positive effect on their business. It should be noted that health care legislation was not finalized at the time of the survey (October, 2009), so responses were not based on a specific healthcare plan.

First Business Bank has been conducting the economic survey of Northeast Wisconsin for two years. The survey was based on the responses of 373 businesses across the county. The sample size has an error range of .05 and a confidence level of 95 percent. Full survey results are available under the "Resource Center" tab at www.firstbusiness.com.

A live web video stream and blog of the event is being provided by Insight Publications. The web streaming begins at 4 p.m. at http://www.insightonbusiness.com/First-Business-Economic-Survey-of-Northeast-Wisconsin.aspx.

ABOUT FIRST BUSINESS BANK

First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments. Among these products are: remote deposit, treasury management, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 920-734-1800.

First Business economic survey results: Optimism high for 2010

Thu, 17 Dec 2009 06:00:00 GMT

Dec 17 at 4pm - Live Northeast WI Economic Webcast at Insight Publications

Wed, 16 Dec 2009 06:00:00 GMT

Event starts December 17 at 4:00 p.m. Go to http://www.insightonbusiness.com/First-Business-Economic-Survey-of-Northeast-Wisconsin.aspx

The First Business Economic Survey of Northeast Wisconsin surveyed business owners on economic indicators critical for decisions in today's competitive environment. The corresponding First Business Economic Forum will include a brief presentation of the survey results with a panel discussion to follow.

Dr. E. Alan Hartman, Professor of Management and Human Resources and Former Dean of the College of Business at the University of Wisconsin-Oshkosh, will present the findings and discuss implications of the 2009 survey. He will identify trends based on what local business owners reported as actual and forecasted: sales revenue, production/operating costs, capital expenditures, profitability, staffing, and wages. He will also cover operating capacity, performance compared to expectations, and business projections.

A panel discussion of local business owners moderated by Margaret LeBrun, Co-Publisher & Executive Editor of Insight Publications, will follow. Panelists include:

Jack Fischer, AIA
Principal Partner
Third Coast Consulting, LLC.

Mr. Fischer is a Principal Partner of Third Coast Consulting, LLC™. As an entrepreneur, world traveler and leader in the construction industry for over 30 years, Jack has diverse business and functional expertise, which brings a tenacious commitment to driving sales, profits and market-share growth for his clients. Jack brings a wealth of experience and expertise as an innovative thinker with broad-based experience in operations, finance and new business development. His proven ability to quickly analyze key business drivers and develop strategies to grow the bottom line serves Third Coast clients well. As former Secretary of Commerce for the State of Wisconsin under the Governor Doyle Administration, Jack has a wealth of contacts and relationships built with political and business leaders across the country and the world. Jack is a high-integrity, energetic leader known for his ability to envision and create successful outcomes in complex situations.

Brenda Hicks-Sorensen, CEcD
President
Fond du Lac County Economic Development Corporation

As President of FCEDC, Brenda provides direction in strategy; takes the lead on business attraction projects; oversees public relations, investor relations, community services, collaborative initiatives, organizational management and client consulting. Acknowledging Brenda for her exceptional achievements in the world of economic development, the International Economic Development Council named her its 2006 Outstanding New Economic Developer of the Year. Brenda holds a Master of Science degree in Urban Studies with an emphasis in Economic Development and Public Policy, from the University of Wisconsin -- Milwaukee.

Corey Chambas
President & CEO
First Business Financial Services, Inc.

Corey Chambas has worked in the commercial banking industry for 25 years, specializing in commercial lending and cash management. A graduate of the University of Wisconsin, he has also completed several advanced commercial lending programs including those of Darden (University of Virginia) and Kellogg (Northwestern University). In addition to his role as President and CEO at First Business Financial Services, Corey serves as a director of several of First Business's companies, is a board member of M3 Insurance Solutions, Inc., Business Advisory Board member of Bellbrook Labs, LLC, Advisory Board member of the Aldine Capital Fund, L.P., member of the Strategic Issues Campaign Committee for the United Way of Dane County, and a member of Madison Breakfast Rotary.

John Porter
President & Co-Founder
Tracy Porter Inc.

John is President and co-owner of Tracy Porter Interactive, a design house and retailer of of Tracy Porter� branded lifestyle fashion, jewelry and home decor that also provides how-to content as well as tips and advice on a range of issues from cooking to home decorating projects. He's also President & Co-Founder of Tracy Porter Inc., a design licensing business launched in 1995 that generates revenues in the form of royalties earned from the sale of Tracy Porter� home furnishings products by its licensee manufacturers to mid-market and upscale retailers. John is a Trustee at Ripon College, past President & Co-Founder at Stonehouse Farm Goods. He is also President of the Ripon Area Chamber of Commerce.

This event is sponsored by First Business Bank and offered at no cost to Northeast Wisconsin business owners and their senior management staff.

First Business Economic Survey of Milwaukee and Waukesha Counties Reveals

Tue, 15 Dec 2009 06:00:00 GMT

Business owners are optimistic about 2010

BROOKFIELD, WI - December 15, 2009 - Businesses in Milwaukee and Waukesha Counties continued to feel the effects of the economic decline in 2009, however, a majority of business owners are optimistic about 2010, according to a report released today by First Business Bank at the invitation-only First Business Economic Forum.

The First Business Economic Survey of Milwaukee and Waukesha Counties, sponsored by First Business Bank and Carroll University, and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, asked business owners questions in seven economic categories- sales revenue; profitability; total operating costs as a percentage of revenue; capital expenditures; number of employees; overall wage changes; changes in pricing; and operating capacity.

The results of the survey showed that all business sectors reported declines in all seven economic segments. Reasons cited for the shortfall in 2009 expectations were uncertainty in the economic future and domestic sales shortfalls.

The 2009 survey findings include:

More than 60 percent of businesses did not meet expectations in 2009.

Although sales were down overall, the manufacturing sector saw the greatest decline, with 82 percent of firms reporting decreased sales.

Profitability also declined, with 67 percent of firms reporting decreased profitability. Nearly 33 percent of businesses reported steep profit declines (more than 10 percent).

43 percent of businesses reported a decrease in the number of employees, nearly double 2008 levels.

The service and manufacturing sectors reported the most significant change in employee numbers.

Wages were also influenced, with 65 percent of businesses indicating no increase or a decrease in wages, nearly two-thirds higher than a year ago.

"There were definitely a lot of adjustments in the business community in 2009," says Dr. Greg Kuhlemeyer, Associate Professor of Business at Carroll University. "We saw some significant change, which in hindsight were not necessarily surprising or unexpected and are a reflection of the effects of the recession."

Despite the unsatisfactory year, business owners are optimistic about 2010. The report indicated 65 percent of businesses expect to do better in 2010. In 2009, only 46 percent of businesses expected better company performance.

"The survey indicates that there are some real challenges ahead," says Dave Vetta, President and CEO of First Business Bank - Milwaukee. "However, there is also real optimism which will serve our business community well."

Nearly 50 percent of businesses expect to see an increase in sales and profitability in 2010.

"There is a certain level of confidence that the economy will turn around," says Kuhlemeyer. "Firms have been able to weather a difficult year and are poised for a recovery."

Each year the survey asks a current event question. In 2009, businesses were asked about the impact Federal healthcare reform would have on their business. When asked, "How would the proposed healthcare legislation affect your business?" 85 percent responded negatively. It should be noted that health care legislation was not finalized at the time of the survey (October, 2009), so responses were not based on a specific healthcare plan.

This is the second year First Business has been conducted the economic survey of Milwaukee and Waukesha Counties. The survey was based on the responses of 566 businesses across the two counties. The sample size has an error range of .05 and a confidence level of 95 percent. Full survey results are available at the First Business website. See http://www.firstbusiness.com/center/survey/ for details.

ABOUT FIRST BUSINESS BANK - MILWAUKEE

First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs. For additional information, visit www.firstbusiness.com or call 262-792-1400.

First Business Economic Survey of Milwaukee & Waukesha Counties

Tue, 15 Dec 2009 06:00:00 GMT

Business survey more optimistic about 2010

Tue, 15 Dec 2009 06:00:00 GMT

Dec 15 at 8 a.m. - Live Milwaukee/Waukesha Economic Webcast at BizTimes

Fri, 11 Dec 2009 06:00:00 GMT

Event starts December 15 at 8:00 a.m. Go to http://www.biztimeschannel.com/.

The First Business Economic Survey of Milwaukee and Waukesha Counties surveyed business owners on economic indicators critical for decisions in today's competitive environment. The corresponding First Business Economic Forum will include a brief presentation of the survey results with a panel discussion to follow.

Dr. Greg Kuhlemeyer, Associate Professor of Business; and Matthias Bollmus, Instructor/Director of Outreach and Continuing Education; at Carroll University, will present the findings and discuss implications of the 2009 survey. They will identify trends based on what local business owners reported as actual and forecasted: sales revenue, production and operating costs, capital expenditures, profitability, staffing, and wages. They will also cover operating capacity, performance compared to expectations, and business projections.

A panel discussion with audience participation will follow. Panelists
include:

Cliff Anglewicz - CEO, Yale Equipment Services, Inc.
Cliff has over 45 years in the material handling business, with the last 19 at Yale. Yale supplies and services lift trucks, as well as personnel carriers, aerial platforms, and forklifts for industries that typically use them to lift and move items throughout a warehouse.

Sue Marks - CEO, Pinstripe, Inc.
Sue is co-founder and CEO of Pinstripe, Inc. She is a serial entrepreneur with three decades of experience in the staffing service industry. Pinstripe designs and delivers high-performance talent acquisition and Recruitment Process Outsourcing (RPO) solutions for clients in financial services, healthcare, manufacturing, technology, telecommunications, and other major industries.

Barry S. Chavin - Principal, NAI MLG Commercial
Barry is Principal and Group Leader of the industrial segment at NAI MLG Commercial and Leader of the acquisition team at MLG Development.
Barry's focused efforts at NAI MLG Commercial are on sale and lease of existing buildings, buyer and tenant representation, and the development and marketing of major business parks.

John Pence - CEO, W.J. Pence Company
W. J. Pence is a 56 year old, 2nd generation food brokerage company which represents over 100 food manufacturers to the retail and wholesale grocers in the state. They are based in Waukesha with 35 employees.

This event is sponsored by First Business Bank and offered at no cost to Milwaukee area business owners and their senior management staff.

Dec 10 at 8:30 a.m. - Live Economic Webcast at Channel3000.com

Thu, 10 Dec 2009 06:00:00 GMT

WISC TV 3 and channel3000.com will be providing a live web cast of Thursday's First Business Economic Survey of Dane County. Coverage will include a live video and blog for local business leaders interested in hearing the results of the only Dane County focused economic survey. Go to http://www.channel3000.com/money/21776417/detail.html for details.

The First Business Economic Survey of Dane County surveyed business owners on economic indicators critical for decisions in today's competitive environment. The corresponding First Business Economic Forum will include a brief presentation of the survey results with a panel discussion to follow.

Scott Converse, professor at the University of Wisconsin - Madison School of Business, will present the findings and discuss implications of the 2009 survey. He will identify trends based on what local business owners reported as actual and forecasted: sales revenue, production and operating costs, capital expenditures, profitability, staffing, and wages. He will also cover operating capacity, performance compared to expectations, and business projections.

A panel discussion with audience participation will follow. Participants include:

Jay Loewi is CEO of QTI Group, a locally-owned staffing company serving southern Wisconsin. He has thirty plus years of business experience as an entrepreneur, strategic leader and general business advisor. Prior to his leadership position in the QTI Group, Jay led the operations of a local food products company and held a leading financial role with a major bank. QTI's services include staff recruitment, HR consulting, and Human Resources management.

Mike Victorson is President & CEO of M3 Insurance. M3 is an independent insurance agency and broker that places insurance for and provides risk management and safety advice to businesses. They focus on property & casualty insurance, workers' compensation, employee benefits and retirement plans for both private and public sector clients.

Steve Mixtacki, CPA, is the CFO and a Senior Vice President of American TV & Appliance of Madison, Inc. Steve currently serves as a director of First Business Bank - Madison and The Evjue Foundation, a trustee of Edgewood College, and Chairs the Investment Committee of the Madison Rotary Foundation.

Deb Archer, GMCVB Board Position: President/CEO Since April of 1995, Deb has been at the helm of the Greater Madison Convention & Visitors Bureau. Deb previously held the positions of VP of Convention Sales at the GMCVB, Associate Director of Sales at the CVB of Greater Kansas City and CEO of the Park City, Utah Chamber of Commerce/Convention & Visitors Bureau. Deb's professional affiliations include PCMA (Professional Convention Management Association, WSAE (Wisconsin Society of Association Executives) and ASAE (American Society of Association Executives). Deb is also a member of DMAI (Destination Management Association International)and serves on its Board of Directors. She currently chairs the Governor's Council on Tourism and is also an Instructor of Destination Management at Madison Area Technical College.

Corey Chambas is President & CEO of First Business Financial Services. Corey Chambas has worked in the commercial banking industry for 25 years, specializing in commercial lending and cash management. A graduate of the University of Wisconsin, he has also completed several advanced commercial lending programs including those of Darden (University of Virginia) and Kellogg (Northwestern University). In addition to his role as President and CEO at First Business Financial Services, Corey serves as a director of several of First Business's companies, is a board member of M3 Insurance Solutions, Inc., Business Advisory Board member of Bellbrook Labs, LLC, Advisory Board member of the Aldine Capital Fund, L.P., member of the Strategic Issues Campaign Committee for the United Way of Dane County, and a member of Madison Breakfast Rotary.

The live event starts at 8:30 a.m. on Thursday, December 10. Go to http://www.channel3000.com/money/21776417/detail.html for details.

Survey: Most Dane County businesses report decline in sales and profits

Thu, 10 Dec 2009 06:00:00 GMT

First Business Bank Survey: Tough 2009 gives way to more business optimism for 2010.

Thu, 10 Dec 2009 06:00:00 GMT

First Business Economic Survey of Dane County Reveals Downturn Has Hit All Business Sectors

Wed, 9 Dec 2009 06:00:00 GMT

Madison, WI - December 9, 2009 - Dane County businesses felt the economic downturn that began in 2007 almost indiscriminately in 2009. However, despite the disappointing year, business owners have positive expectations for 2010, according to a report released today by First Business Bank at the invitation-only First Business Economic Forum.

The First Business Economic Survey of Dane County, sponsored by First Business Bank and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, showed that all business sectors reported declines in all seven economic categories surveyed- sales revenue; profitability; total operating costs as a percentage of revenue; capital expenditures; number of employees; overall wage changes; changes in pricing; and operating capacity.

More than 50 percent of businesses did not meet expectations in 2009. Although sales were down overall, the manufacturing sector saw the greatest decline, with 86 percent of firms reporting decreased sales, the worst value by any sector in the history of the survey. Profitability also declined and for the first time more than half of businesses reported decreased profitability. Businesses that reported steep profit declines (more than 10 percent), was double that of last year.

In addition, 40 percent of businesses reported a decrease in the number of employees, the highest level in the survey's history. Wages were also influenced, with more than 60 percent of businesses indicating no increase or a decrease in wages. Pricing was also affected by the economic downturn. More than 66 percent of businesses indicated no change or a lowering of pricing in 2009. Future pricing predictions also lagged behind previous year projections, with the majority of businesses specifying no price change or plans to lower prices further.

"This was definitely a year of extremes," says Scott Converse of the UW-Madison School of Business. "We not only saw declines in all economic indicators, but we saw more decreases that are classified as steep than any other year of the survey. It's further evidence that while Dane County's economy is unique, it's not immune to the effects of the recession."

Despite the unsatisfactory year, businesses are optimistic about 2010. The report indicated 74 percent of businesses expect to do better in 2010. Employment is also looking better with more than 83 percent expecting either no change or an increase in employee numbers next year.

Mark Meloy, President and CEO of First Business Bank, said the report shows that Dane County is not isolated from the national economic downturn. "Despite some economic insulation built-in by advantages such as state government, technology, and the University of Wisconsin, Dane County is still susceptible to national economic events," Meloy said.

More than half of businesses expect sales revenue and profitability to increase in 2010 and a majority of firms anticipate wages to increase next year.

"There is a real upside to this report," says Converse. "Firms have been able to contain costs and as a result are poised real well for a recovery. The survey shows this with 2010 performance expectations back at the levels we saw prior to the recession."

Each year the survey asks a current event question. In 2009, businesses were asked about the impact Federal healthcare reform would have on their business. When asked, "How would the proposed healthcare legislation affect your business?" nearly 80 percent responded negatively. It should be noted that health care legislation was not finalized at the time of the survey (October, 2009), so responses were not based on a specific healthcare plan.

First Business Bank has been conducting the economic survey of Dane County for the past seven years. The survey was based on the responses of 425 businesses across the county. The sample size has an error range of .05 and a confidence level of 95 percent. Full survey results are available under "Newsroom" at www.firstbusiness.com

About First Business Bank
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners including: commercial lending, treasury management, private banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit Channel3000.com .

Full survey results have been posted to the of the First Business website.

Economic Survey Takes Pulse Of Local Business Leaders

Wed, 9 Dec 2009 06:00:00 GMT

Madison Economic Seminar Rescheduled toThurs, Dec 10

Tue, 8 Dec 2009 06:00:00 GMT

Due to extreme weather conditions, the First Business Economic Survey of Dane County Seminar that was previously sheduled for Wednesday, December 9, has been rescheduled to Thursday, December 10. All other information for this event remains the same.

Those that were registered for the December 9th event are automatically registered for the December 10th event and have been notified of this change by email.

We apologize for the inconvenience and late notice. Please call us if you have any questions.

Secure Email System Upgrade

Tue, 24 Nov 2009 06:00:00 GMT

On Wednesday, December 2, 2009, First Business upgraded to a new and improved Secure Email system. The new system reduces the number of steps required to send and receive secured emails. It remains a free service to all First Business clients. To use this service, clients will need to create a Secure Email account. Details follow below.

Benefits to Secure Email
There are many benefits to using First Business's Secure Email service to correspond with First Business. Secured Email encrypts the content of your message and any attachments, preventing hackers from intercepting the email and seeing what you are sending First Business. Secured Email also allows First Business to encrypt the content of messages and attachments that we send to you, preventing hackers from seeing what First Business is sending you. Additionally our Secured Email solution allows you to send and receive secured email from any computer.

Secure Email is a free service to First Business clients and only works for emails being sent to or from First Business.

How to Use the New Secure Email System
Starting December 2, you will need to create an account with our Secure Email server. (With our old system, you did not need to officially create an account.) With this account you can sign into our Secure Email server to send and receive secured email. If you are familiar with our old system, you no longer need to receive an "answer-back" email with a link in order to send or receive a secured email message. This upgrade reduces the number of steps required to send and receive secured email without sacrificing any security.

You can view the steps to create an account and to send or receive a secured email message by clicking here.

Be sure to click on the "Secure Email" tab to access detailed instructions.

Phishing Alert: Email Claiming to be from NACHA

Thu, 12 Nov 2009 06:00:00 GMT

11/12/2009 - NACHA, The Electronic Payments Association, has received reports that individuals and/or companies have received a fraudulent email that has the appearance of having been sent from NACHA. See sample below.

The subject line of the email states: "Rejected ACH Transaction." The e-mail includes a link which redirects the individual to a fake web page which appears like the NACHA Web site and contains a link which is almost certainly executable virus with malware. Do not click on the link. Both the email and the related Web site are fraudulent.

Be aware that phishing emails frequently have links to Web pages that host malicious code and software. Do not follow Web links in unsolicited e-mails from unknown parties or from parties with whom you do not normally communicate, or that appear to be known but are suspicious or otherwise unusual.

NACHA itself does not process nor touch the ACH transactions that flow to and from organizations and financial institutions. NACHA does not send communications to individuals or organizations about individual ACH transactions that they originate or receive.

If malicious code is detected or suspected on a computer, consult with a computer security or anti-virus specialist to remove malicious code or re-install a clean image of the computer system. Always use anti-virus software and ensure that the virus signatures are automatically updated. Ensure that the computer operating systems and common software applications security patches are installed and current.

Be alert for different variations of fraudulent emails.

= = = = = Sample Email = = = = = =

From: nacha.org [mailto:report@nacha.org]
Sent: Thursday, November 12, 2009 10:25 AM
To: Doe, John
Subject: Rejected ACH transaction, please review the transaction report

Dear bank account holder,

The ACH transaction, recently initiated from your bank account, was rejected by the Electronic Payments Association. Please review the transaction report by clicking the link below:

Unauthorized ACH Transaction Report (this is the how the link is presented)

Rules Have Changed in the Credit Market

Thu, 29 Oct 2009 05:00:00 GMT

First Business Bank Warns of Fraudulent Emails Claiming to Be From the FDIC

Wed, 28 Oct 2009 05:00:00 GMT

Summary: Emails fraudulently claiming to be from the FDIC are attempting to trick recipients into installing unknown software on personal computers. These emails falsely indicate that recipients should download and open a "personal FDIC insurance file" to check their deposit insurance coverage. The "insurance file" may actually be a form of spyware or malicious code and may collect personal or confidential information.

The Federal Deposit Insurance Corporation (FDIC) has become aware of e-mails appearing to be sent from the FDIC that are asking recipients to download and open a "personal FDIC insurance file" to check their deposit insurance coverage. These emails are fraudulent and were not sent by the FDIC. The FDIC is attempting to identify the source of the emails and disrupt the transmission.

Currently, the subject line of the fraudulent e-mails includes the wording "check your Bank Deposit Insurance Coverage." The emails state: "You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets."

The emails ask recipients to "visit the official FDIC website" by clicking on a hyperlink provided, which appears to be related to the FDIC and directs recipients to a fraudulent Web site. The Web site includes hyperlinks that appear to open forms. However, it is believed that clicking on the hyperlinks will cause an unknown executable file to be downloaded. While the FDIC is working with the United States Computer Emergency Readiness Team (US-CERT) to determine the exact effects of the executable file, recipients should consider the intent of the software as a malicious attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to online banking services or to conduct identity theft. Financial institutions and consumers should NOT access the Web site or download the executable files provided on the Web site.

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-3054, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2009/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson

Director
Division of Supervision and Consumer Protection

Mark Winter and Laurie Benson Join First Business Bank Board of Directors

Wed, 14 Oct 2009 05:00:00 GMT

MADISON, WI - October 14, 2009 - First Business Bank announced today that Mark Winter and Laurie Benson have joined its Board of Directors. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Mark is Vice President of Grub & Ellis|Oakbrook-Madison. He is responsible for management and leasing of Grubb & Ellis|Oakbrook's office portfolio. He is also active in commercial property sales, acquisitions, and development. Mark has leased over 1,500,000 square feet of commercial office space in the Madison and Milwaukee areas over his career. He is the current board chairman of HospiceCare, Inc. of Madison, and also serves on the HospiceCare Holdings Inc. board. Mark has a B.S. in Comprehensive Finance from the University of Wisconsin - Eau Claire.

Laurie is a co-founder and former CEO of Inacom Information Services (now CORE BTS). As CEO of Inacom Information Systems for its 25 year history, she helped the business grow into one of Wisconsin's largest technology solutions providers. Laurie retired from the business in July 2009; but she continues her outreach by serving on the boards of WWBIC (Wisconsin Women's Business Initiative) and Henry Vilas Zoological Society, as well as on the advisory boards of UW - Madison School of Business MBA Weinert Center for Entrepreneurship, UW - Madison School of Nursing, and the WI and National Girls Collaboratives. She has received numerous awards and recognition including most recently the 2009 Top 100 Women in the IT Channel by "Everything Channel's CRN Magazine" and the 2009 National SBA Champion in Business Award.

About First Business Bank
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners including: commercial lending, treasury management, private banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

Jim Hartlieb Joins First Business Bank

Mon, 28 Sep 2009 05:00:00 GMT

MADISON, WI - September 28, 2009 - First Business Bank announced today that Jim Hartlieb has accepted the position of Senior Vice President. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

In this role, Jim will be responsible for managing existing middle-market banking client relationships, attracting new relationships, and managing the business development staff.

Jim has over 16 years of experience in the commercial banking industry, focusing on serving middle-market companies in the Dane County area. He attended the University of Iowa where he graduated with a Bachelor of Business Administration in Finance and was a four year letter winner in football. Jim has been active in the community, serving on several nonprofit boards. He is currently involved with the Salvation Army, and is a member of the Middleton Outreach Ministry Board and the Finance Council of St. Maria Goretti Church.

About First Business Bank
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial lending, treasury management, private banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

Terry Tessier Joins First Business Bank

Fri, 25 Sep 2009 05:00:00 GMT

APPLETON, WI - September 25, 2009 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Terry Tessier has been hired as Vice President of Business Development.

Terry comes to First Business with over 35 years of banking experience, most recently with JPMorgan Chase Bank N.A. in Appleton and Neenah. He is a graduate of Carroll University with a Bachelor of Science in Business Administration and Economics and received his Master of Business Administration from Washington University in St. Louis, Mo. Terry serves as Board Member and Treasurer for Friendship Place and is a Member of Appleton West Rotary.

About First Business Bank - Northeast
First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments. Among these products are: remote deposit, treasury management, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 920-734-1800.

Corey Chambas Interviewed by In Business Radio Show

Wed, 23 Sep 2009 05:00:00 GMT

First Business Financial Services, Inc. Hires Tammy Sullivan

Tue, 22 Sep 2009 05:00:00 GMT

MADISON, WI, September 22, 2009 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Tammy Sullivan has been hired as Vice President - Client Support.

Tammy has over 23 years of banking experience. Prior to this position, she was Vice President - Branch Manager for a local community bank. Tammy graduated from Edgewood College with a Bachelor of Business Management. She is President-Elect for the Middleton Chamber of Commerce and an active participant in the Madison Scouts Drum Corps Association Golf Outing. Tammy is also active in the American Heart Association's campaign - Go Red For Women.

Dennis Sampson Joins First Business Bank - Milwaukee

Fri, 18 Sep 2009 05:00:00 GMT

MILWAUKEE, WI, September 18, 2009 - First Business Bank - Milwaukee announced today that Dennis Sampson accepted the position of Senior Vice President. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Dennis has over 21 years of commercial banking experience, focusing on owner-managed businesses in manufacturing, real estate development, and construction. Prior to joining First Business Bank - Milwaukee, Dennis was with our affiliate, First Business Bank - Madison for nine years. Graduating with a Bachelor of Science in Economics from the University of Wisconsin - Madison, Dennis spent time as a Captain in the U.S. Army prior to and during his banking career. Dennis has been active with the Madison Area Builders Association, chairing its Public Relations Committee and Education Committee. He was also involved with the Greater Madison Chamber of Commerce, and BNI. Dennis serves on the board of Middleton Senior Housing, Inc. as Vice President, and has served as both an Account Executive and Allocation Panel Member for the United Way. Dennis currently coaches both youth soccer and baseball. Dennis is not new to the greater Milwaukee market. He spent some time at Bank One in Racine in his early years of banking where he was successful in developing and managing commercial credits.

About First Business Bank - Milwaukee
First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs. For additional information, visit www.firstbusiness.com or call 262-792-1400.

First Business Financial Services Announces Dividend

Thu, 17 Sep 2009 05:00:00 GMT

MADISON, Wis., Sept. 17, 2009 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The 2009 annualized dividend amount is $0.28 per share. The cash dividend is payable on October 15, 2009 to shareholders of record at the close of business on October 1, 2009.

Madison's new baseball league for kids with disabilities is fun way to develop social skills

Thu, 17 Sep 2009 05:00:00 GMT

First Business Financial Services, Inc. Hires Kaylin Stampfl and Erin Vander Loop

Thu, 20 Aug 2009 05:00:00 GMT

MADISON, WI, August 20, 2009 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Kaylin Stampfl has been hired as Client Support Officer and Erin Vander Loop has been hired as Credit Analyst.

Kaylin has over 14 years of banking experience with a strong background in customer service and operations. Prior to this position, Kaylin worked as a Cash Management Officer for a local independent bank. She attended Weber State University in Ogden, Utah where she studied Criminalistics. Kaylin has participated in several local community events sponsored by the March of Dimes, United Way, and West Madison Lion's Club.

Erin joins First Business from Grandbridge Real Estate Capital, where she worked as a real estate analyst, underwriting loans and analyzing commercial projects. Erin also has experience working as a real estate consultant for Ernst & Young's Transaction Real Estate Group, with a focus on the retail, industrial, and hospitality sectors of commercial real estate. She is a 2005 graduate of the University of Wisconsin - Madison with a Bachelor of Business Administration in Real Estate and Urban Land Economics.

Jerry Smith Awarded Certificate of Director Education

Thu, 30 Jul 2009 05:00:00 GMT

MADISON, WI - July 30, 2009 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced Jerry Smith, Chairman, has been awarded a Certificate of Director Education from the National Association for Corporate Directors (NACD) in recognition of his experience, education, and commitment to best practices in corporate governance.

Smith has a 40 year career in commercial banking and is current Chairman of the Board of First Business Financial Services, Inc. He also serves on the boards of: SECURA Insurance Company, investment and executive committees; the Aldo Leopold Foundation; and CTI Paper USA, Inc. In addition, Jerry serves on several economic and strategic committees for both the City of Madison and Dane County. Jerry was one of the original organizers of First Business in 1990. First Business Financial Services is a Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. On March 31, 2009, the Madison-based company reached over $1 billion in assets.

Jerry is originally from Freedom, Wisconsin. He attended the University of Wisconsin - Madison and graduated from the University of Wisconsin Graduate and Post-Graduate Schools of Banking. He has served on the faculty of the University of Wisconsin Graduate and Post-Graduate Schools of Banking, and has lectured at numerous seminars and consulted for banking groups throughout the United States.

About National Association for Corporate Directors
Founded in 1977, the National Association for Corporate Directors (NACD) is the only member-based nonprofit organization for corporate directors providing tools, professional support and the platform for making corporate directors more effective in boardrooms across the country. With nearly 10,000 members, NACD improves director performance by empowering members through education, a forum for peers to share ideas, and an extensive knowledge base of information and publications. NACD fosters collaboration among directors and governance stakeholders to shape the future of corporate governance.

First Business Trust & Investments Promotes Cymbre G. Van Fossen

Tue, 21 Jul 2009 05:00:00 GMT

Madison, WI, July 21, 2009 - First Business Trust & Investments announced today that Cymbre G. Van Fossen has been promoted to Vice President. First Business Trust & Investments is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Cymbre serves as a trust officer for not-for-profit and individual trust and investment accounts, advises clients on estate planning and planned giving options, and participates in regulatory compliance efforts for the trust and investment division. She entered the private practice of law in 1995 and has experience in the areas of estate planning and administration, probate, business law, and real estate law. Cymbre also brings a high level of financial analysis and administrative skills from her work at the State of Wisconsin, Department of Administration.

Cymbre is currently a member of the State Bar of Wisconsin, the Dane County Bar Association, the Forum for Women Estate Counselors, and the Madison Estate Council. She also serves as a Board Member on the Dane County Bar Pro Bono Trust Fund. Cymbre received her Juris Doctor with honors from the University of Wisconsin - Madison and graduated with a Bachelor of Arts, magna cum laude, from Amherst College in Massachusetts.

About First Business Trust & Investments
First Business Trust & Investments, a division of First Business Bank, serves the trust and investment needs of businesses, not-for-profit organizations, and individuals, offering a full line of products and services including qualified retirements plans, investment management services, and trust services. For additional information, visit www.firstbusiness.com or call 608-218-8000.

First Business Capital Corp. Hires Jim Tepp

Tue, 7 Jul 2009 05:00:00 GMT

MADISON, WI, July 7, 2009 - First Business Capital Corp. announced today that Jim Tepp has accepted the position of Vice President - Account Executive. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Jim is responsible for managing existing client relationships at First Business Capital Corp. He has 33 years of banking experience, many of those being in asset-based lending. Past experience includes 22 years as an Account Executive at Firstar in both their asset-based lending group and structured finance area in Milwaukee, and three years in credit as an approver. Jim also spent eight years as a Correspondent Banker for M&I. He is a CPA and graduated from Carroll College with an Accounting degree.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $700,000 to $7,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing. For additional information, visit www.firstbusiness.com or call 608-232-5980.

### End of Release ###

First Business Financial Services Announces Dividend

Fri, 19 Jun 2009 05:00:00 GMT

MADISON, WI - June 19, 2009 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The 2009 annualized dividend amount is $0.28 per share. The cash dividend is payable on July 15, 2009 to shareholders of record at the close of business on July 1, 2009.

First Business Bank - Milwaukee Promotes Tari Hansen and Sarah Szejn

Tue, 16 Jun 2009 05:00:00 GMT

MILWAUKEE, WI, June 16, 2009 - First Business Bank - Milwaukee announced today that Tari Hansen has been promoted to Senior Client Relationship Officer and Sarah Szejn has been promoted to Client Relationship Officer. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Tari has been with First Business for over 10 years and has a strong background in customer service and loan documentation. She is a graduate of the University of Wisconsin - Platteville with a Bachelor of Science in Business Administration. Tari has participated in several community activities including Big Brothers Big Sisters and the March of Dimes.

Sarah has six years of experience in the financial services industry. She holds a Bachelor of Science in Business Administration from the University of Wisconsin - Platteville and volunteers her time by participating in local government.

About First Business Bank - Milwaukee
First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs. For additional information, visit www.firstbusiness.com or call 262-792-1400.

### End of Release ###

Will Deppiesse of First Business Bank Earns Certified Treasury Professional Designation

Mon, 15 Jun 2009 05:00:00 GMT

OSHKOSH, WI - June 15, 2009 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Will Deppiesse has been granted the highly-regarded designation of Certified Treasury Professional® (CTP) by the Association for Financial Professionals® (AFP).

Will is Vice President of First Business Bank - Northeast Region. He has over ten years of banking experience and came to First Business Bank in August 2006. He began his banking career in Fond du Lac and became a Commercial Lender in 2001. He is a graduate of Ripon College with a Bachelor of Arts in Business Management. Will serves on the Board of Directors for the Oshkosh Rotary Club and for Propel, an Oshkosh Young Professional Group, where he was previously the Treasurer.

By successfully meeting rigorous examination requirements, Will has joined a community of over 18,000 finance professionals worldwide who have earned this distinguished certification. In doing so, Mr. Deppiesse brings the highest level of expertise and distinction to First Business Bank.

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented the certification program in 1986. The comprehensive body of knowledge and the certification exam are periodically reviewed, updated, and expanded by an AFP appointed committee of corporate and banking experts to reflect the on-going changes within the finance profession. In addition to meeting the program's education and experience requirements, those awarded the CTP designation agree to complete a minimum of 36 hours of continuing professional education in treasury, cash management, and accounting every three years.

About the Association for Financial Professionals®
The Association for Financial Professionals serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators. The global reach of AFP includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, on-line resource for the treasury and finance community.

About First Business Bank - Northeast
First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments. Among these products are: remote deposit, treasury management, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 920-734-1800.

### End of Release ###

Margaret Bomber of First Business Bank Earns Certified Treasury Professional Designation

Wed, 8 Apr 2009 05:00:00 GMT

MADISON, WI -- April 8, 2009 -- First Business Bank announced today that Margaret Bomber has been granted the highly-regarded designation of Certified Treasury Professional® (CTP) by the Association for Financial Professionals® (AFP). First Business Bank is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Margaret is the Assistant Vice President of Treasury Management. She brings over 15 years of treasury management experience working with business and non-profit clients in the greater Madison area. Margaret has been with the First Business family of companies since 1996. Previous to this she was with M&I in Madison. She has a B.B.A. in Finance from the University of Wisconsin - Madison and graduated from the Graduate School of Banking in Madison.

By successfully meeting rigorous examination requirements, Margaret has joined a community of over 18,000 finance professionals worldwide who have earned this distinguished certification. In doing so, Ms. Bomber brings the highest level of expertise and distinction to First Business Bank.

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented the certification program in 1986. The comprehensive body of knowledge and the certification exam are periodically reviewed, updated, and expanded by an AFP appointed committee of corporate and banking experts to reflect the on-going changes within the finance profession. In addition to meeting the program's education and experience requirements, those awarded the CTP designation agree to complete a minimum of 36 hours of continuing professional education in treasury, cash management, and accounting every three years.

About the Association for Financial Professionals®
The Association for Financial Professionals serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators. The global reach of AFP includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, on-line resource for the treasury and finance community.

Business Lender Opens in Former Green Bay Chamber Building

Thu, 2 Apr 2009 05:00:00 GMT

First Business Financial Not to Participate in US Treasury's CPP

Mon, 30 Mar 2009 05:00:00 GMT

The company received preliminary approval from the US Treasury earlier in March 2009...

John Nygaard of First Business Bank Earns Certified Treasury Professional Desgination

Fri, 27 Mar 2009 05:00:00 GMT

APPLETON, WI - March 27, 2009 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that John Nygaard has been granted the highly-regarded designation of Certified Treasury Professional® (CTP) by the Association for Financial Professionals® (AFP).

John is Vice President of First Business Bank. He has worked in the banking industry for over 15 years specializing in owner-managed businesses and commercial real estate. He holds a B.A. in Ag Economics from the University of Wisconsin - Madison and is currently pursuing an MBA from the University of Wisconsin - Oshkosh. John has also attended numerous commercial lending schools and is a graduate of the RMA Commercial Lending Academy. As a lifelong resident of northeastern Wisconsin, John is involved in numerous community activities and Chamber of Commerce functions including: Leadership Fox Cities, WI Alumni Association, and several non-profit board member positions.

By successfully meeting rigorous examination requirements, John has joined a community of over 18,000 finance professionals worldwide who have earned this distinguished certification. In doing so, Mr. Nygaard brings the highest level of expertise and distinction to First Business Bank.

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented the certification program in 1986. The comprehensive body of knowledge and the certification exam are periodically reviewed, updated, and expanded by an AFP appointed committee of corporate and banking experts to reflect the on-going changes within the finance profession. In addition to meeting the program's education and experience requirements, those awarded the CTP designation agree to complete a minimum of 36 hours of continuing professional education in treasury, cash management, and accounting every three years.

About the Association for Financial Professionals®
The Association for Financial Professionals serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators. The global reach of AFP includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, on-line resource for the treasury and finance community.

Tim Beno of First Business Bank Earns Certified Treasury Professional Designation

Fri, 27 Mar 2009 05:00:00 GMT

GREEN BAY, WI - March 27, 2009 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Tim Beno has been granted the highly-regarded designation of Certified Treasury Professional® (CTP) by the Association for Financial Professionals® (AFP).

Tim is the Market President of First Business Bank for the Green Bay market. He brings over 16 years of commercial banking experience to First Business. Tim was previously Vice President and Commercial Banking Manager for Bank Mutual (formerly First Northern Savings Bank) in Green Bay, where he managed seven employees and was responsible for commercial banking in 22 locations. Prior to that, Tim was at Associated Bank and Firstar Bank in Green Bay. Tim is a graduate of Northern Illinois University, and lives in Ledgeview with his wife and son. He is an elected official serving as Supervisor for the Town of Ledgeview since 2003. He is also a past Director of Big Brothers Big Sisters of Northeast Wisconsin.

By successfully meeting rigorous examination requirements, Tim has joined a community of over 18,000 finance professionals worldwide who have earned this distinguished certification. In doing so, Mr. Beno brings the highest level of expertise and distinction to First Business Bank.

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented the certification program in 1986. The comprehensive body of knowledge and the certification exam are periodically reviewed, updated, and expanded by an AFP appointed committee of corporate and banking experts to reflect the on-going changes within the finance profession. In addition to meeting the program's education and experience requirements, those awarded the CTP designation agree to complete a minimum of 36 hours of continuing professional education in treasury, cash management, and accounting every three years.

About the Association for Financial Professionals®
The Association for Financial Professionals serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators. The global reach of AFP includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, on-line resource for the treasury and finance community.

Michael E. (Mickey) Noone of First Business Bank Earns Certified Treasury Professional Designation

Fri, 27 Mar 2009 05:00:00 GMT

OSHKOSH, WI - March 27, 2009 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Michael E. (Mickey) Noone has been granted the highly-regarded designation of Certified Treasury Professional® (CTP) by the Association for Financial Professionals® (AFP).

Mickey is the President of First Business Bank - Northeast Region. He was previously a Senior Vice President with First National Bank - Fox Valley in Neenah, and prior to that he was a Vice President with M&I First American Bank in Wausau. He has a B.A. in Economics from the University of Wisconsin - Madison. Mickey has volunteered his time with: Oshkosh Community YMCA, Fox Cities United Way, Oshkosh United Way, Future Neenah, Inc., Fox Cities Chamber of Commerce, Risk Management Association, Oshkosh Chamber of Commerce, Oshkosh Family, Inc., and Wisconsin Family Business Forum.

By successfully meeting rigorous examination requirements, Mickey has joined a community of over 18,000 finance professionals worldwide who have earned this distinguished certification. In doing so, Mr. Noone brings the highest level of expertise and distinction to First Business Bank.

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented the certification program in 1986. The comprehensive body of knowledge and the certification exam are periodically reviewed, updated, and expanded by an AFP appointed committee of corporate and banking experts to reflect the on-going changes within the finance profession. In addition to meeting the program's education and experience requirements, those awarded the CTP designation agree to complete a minimum of 36 hours of continuing professional education in treasury, cash management, and accounting every three years.

About the Association for Financial Professionals ®
The Association for Financial Professionals serves more than 16,000 individual members throughout all stages of their careers in treasury and financial management. Headquartered in Bethesda, MD, AFP provides professional certification, continuing education, research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators. The global reach of AFP includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, on-line resource for the treasury and finance community.

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

Wed, 25 Mar 2009 05:00:00 GMT

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."

First Business Financial Services Surpasses $1 Billion in Assets and Announces Dividend

Tue, 17 Mar 2009 05:00:00 GMT

Year-end 2008 assets grew to over $1 billion

Declares quarterly cash dividend on its common stock of $0.07 per share

2008 net income of $3.1 million

2008 diluted earnings per share of $1.28

Loans increased 8.9% and deposits 8.1%, for the year ended December 31, 2008

MADISON, Wis., March 17, 2009 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced the Corporation's total assets reached $1.011 billion at December 31, 2008, an increase of $92.3 million, or 10%, from December 31, 2007. Chief Executive Officer Corey Chambas commented, "This is a significant milestone for First Business Financial Services, Inc., and one that we set out to reach back in 2005 when we became a public company. We are one of only a few Wisconsin banking companies to exceed this benchmark, and we have done so exclusively through organic growth in only 18 years."

First Business Financial Services, Inc. reported net income for the year ended December 31, 2008 of $3.1 million, which is slightly lower than income of $3.3 million of the previous year. "In these challenging economic times, First Business Financial Services, Inc. is proud to be a bank which remains profitable, is growing and is strong enough to pay a consistent dividend," stated Corey Chambas, CEO of First Business Financial Services, Inc.

A complete copy of the Corporation's Annual Report on Form 10-K for the period ending December 31, 2008 and all other reports filed by the Corporation with the SEC may be accessed through the Corporation's website,www.firstbusiness.com.

The Corporation's board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share resulting in an annualized dividend of $0.28 per share. The cash dividend is payable on April 15, 2009 to shareholders of record at the close of business on April 1, 2009.

First Business Trust & Investments Promotes Gary Fossum

Mon, 2 Mar 2009 06:00:00 GMT

Madison, WI, March 2, 2009 - First Business Trust & Investments announced today that Gary Fossum has been promoted to Senior Vice President. First Business Trust & Investments is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Gary supervises all aspects of the retirement plan services area. He has over 25 years of experience in the financial services industry and has worked extensively in the retirement planning field with large and small businesses, in a consulting, administrative and sales capacity. Gary is a graduate of the University of Wisconsin - Madison with a B.A. in Finance, Investment, and Banking.

About First Business Trust & Investments
First Business Trust & Investments, a division of First Business Bank, serves the trust and investment needs of businesses, not for profit organizations, and individuals, offering a full line of products and services including qualified retirements plans, investment management services, and trust services. For additional information, visit www.firstbusiness.com or call 608-218-8000.

First Business Capital Corp. Hires Pamela Andersen, Steve Bratz, and Mike Salbego

Tue, 24 Feb 2009 06:00:00 GMT

MADISON, WI, February 24, 2009 - First Business Capital Corp. announced today that Pamela Andersen and Steve Bratz have accepted positions as Field Examiners and Mike Salbego has accepted the position of Collateral Analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Pamela is responsible for conducting field examinations of existing and prospective clients. She is a graduate of the University of Wisconsin - Madison, where she earned a bachelor of business administration degree in both finance and economics with a math emphasis.

Steve is responsible for conducting field examinations of existing and prospective clients. He is a graduate of the University of Wisconsin - Platteville, where he earned bachelor degrees in accounting and finance.

Mike is responsible for working daily with existing clients on loan advances, collateral reporting, and other operational issues. Prior to joining the team at First Business Capital Corp., Mike worked with John Hancock Financial Network in Madison as a Registered Representative. He is a graduate of University of Wisconsin - Oshkosh where he earned a bachelor of business administration degree in finance.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $700,000 to $7,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing.

First Business Capital Corp. Hires Jon Hall

Mon, 2 Feb 2009 06:00:00 GMT

MADISON, WI, February 2, 2009 - First Business Capital Corp. announced today that Jon Hall has accepted the position of Collateral Analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Jon will join the operations team and be responsible for maintaining strong relationships with existing clients. He will also be responsible for verifying collateral reporting and processing loan requests daily. Jon is a graduate of UW-Whitewater where he earned a Bachelor's degree in Finance and a minor in Economics.

About First Business Capital Corp.
First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $700,000 to $7,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing.

People Watch for Jan. 29

Thu, 29 Jan 2009 06:00:00 GMT

First Business Bank - Northeast in Appleton, part of First Business Financial Services, Inc. announced that Ron Jankowski, president of Valley Express, LLC., has joined its board...

Business briefcase

Mon, 12 Jan 2009 06:00:00 GMT

Employment anniversaries, new officers, new on the job, promotions, achievements...

Looking ahead

Thu, 1 Jan 2009 06:00:00 GMT

Michael Noone sees better days ahead for the economy of Northeast Wisconsin. Given all that's occurred in 2008, from the housing market collapse to the financial freeze...

First Business Financial Services Announces Dividend

Wed, 17 Dec 2008 06:00:00 GMT

MADISON, Wis., Dec. 17, 2008 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The 2008 annualized dividend amount of $0.28 per share is an increase of 7.7% from 2007. The cash dividend is payable on January 15, 2009 to shareholders of record at the close of business on January 1, 2009.

Economic Survey Shows Business Leaders Remain Optimistic

Tue, 16 Dec 2008 06:00:00 GMT

More businesses in Milwaukee and Waukesha counties expect to see improvements in 2009, according to a report to be released Tuesday by First Business Bank, Carroll University, and A.C. Nielsen Center of Marketing Research at the invitation-only First Business Economic Forum.

The survey, sent in October 2008 to 7,500 CEOs, CFOs, presidents and business owners in Milwaukee and Waukesha counties, asked questions regarding eight key economic indicators: sales revenue, profitability, total operating costs as a percentage of revenue, capital expenditures, number of employees, overall wage change, change in pricing, and operating capacity. The survey also asked questions regarding changes in expenses, and the impact of the housing market slowdown. The report is based on responses from 495 businesses. The sample size has an error range of .05 and a confidence level of 95 percent.

On Tuesday, Dec. 16, 2008, Dr. Greg Kuhlemeyer, dean of the Division of Professional and Graduate Studies, and Matthias Bollmus, instructor of business at Carroll University, will present the survey's key findings:

The retail sector has been hit harder than other industries due to a plethora of issues related to gas prices, higher operating costs, and a need to pass on price increases.

Local firms that sell to Milwaukee and Waukesha markets are under performing local firms that sell regionally or nationally/internationally.

The stress on revenue and profits from high operating costs includes wages and raw materials.

The percent of firms expecting to improve in 2009 exceeds actual 2008 performance.

Fuel and raw material costs, a top reason for poor performance, have decreased dramatically.

The technology sector appears to be positioning for a positive move in 2009 and the manufacturing sector shows strength.

The survey results indicate that continued challenges lie ahead, but with possible post-survey improvements in both commodity prices and fuel costs, business leaders have reason to remain optimistic.

A round table discussion will follow the presentation with scheduled participants: Cliff Anglewicz, CEO of Yale Equipment Services, Inc.; Sue Marks, CEO of Pinstripe, Inc.; Rob Parry, CEO of ZBB Energy Corporation; and John Pence, CEO of W.J. Pence Company. Dave Vetta, President & CEO of First Business Bank - Milwaukee will chair and moderate the event.

The complete 33-page report prepared by Chanchal Tamrakar, Paul Hahn and Michael Kirk of the A.C. Nielsen Center for Marketing Research, will be available on the First Business Website, (see Featured Links), starting Tuesday, Dec. 16, 2008.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs.

About Carroll University Carroll, Wisconsin's oldest four-year institution of higher education is an independent, co-educational comprehensive university grounded in the liberal arts tradition. Incorporated in 1846, it offers bachelor's degrees in 41 majors and graduate degrees in education and software engineering, as well as a clinical doctorate in physical therapy. The institution's name was changed from Carroll College to Carroll University on July 1, 2008.

Survey says local companies are hopeful the bottom is near

Tue, 16 Dec 2008 06:00:00 GMT

Businesses in Milwaukee and Waukesha counties expect economic improvements in 2009, according to a report released this morning by Madison-based First Business Bank, Carroll University of Waukesha and the University of Wisconsin-Madison's A.C. Nielsen Center of Marketing Research...

Executive Q&A - Mark Meloy

Sat, 13 Dec 2008 06:00:00 GMT

First Business Bank - Madison has no teller windows, just one office and fewer than 1,500 customers. But the bank has $735 million in deposits locally...

First Business Bank - Milwaukee Promotes Randy Lorenz

Fri, 12 Dec 2008 06:00:00 GMT

MILWAUKEE, WI, December 12, 2008 - First Business Bank - Milwaukee announced today that Randy Lorenz has been promoted to First Vice President. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Randy has been involved in the financial services industry for over 25 years. He has been with First Business for over seven years performing a variety of leadership roles involving business development, lending, cash management, credit administration, and client service. He is a graduate of the University of Wisconsin - Madison and graduated from the BAI School of Banking with Honors. Randy serves on the Board of Directors of the United Way in Waukesha County serving as treasurer and the operations committee chair.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. It is chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows it to understand Milwaukee-area businesses and respond quickly and proactively to their needs.

Ron Jankowski Joins First Business Bank - Northeast Board

Tue, 9 Dec 2008 06:00:00 GMT

APPLETON, WI - December 9, 2008 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today Ron Jankowski, President, Valley Express, LLC., has joined its board. The board is led by Chairman Jerry Smith who is also the Chairman of the Board of Directors for First Business Financial Services, Inc. Other members include Michael (Mickey) Noone, President - Northeast Region of First Business Bank; Jeff Kowalik, President of Northcentral Construction Corporation; Corey Chambas, President & CEO of First Business Financial Services, Inc.; and Susan Andrews, Account Executive of FirstChoice Insurance Agency of WI, Inc.

"We are very pleased to have Ron join our board," commented Mickey Noone, President - Northeast Region of First Business Bank. "Ron exhibits the entrepreneurial spirit we look for in clients, staff members, and board members. He became a client of ours early on, so we have had the chance to work with him and his employees over the past two years; and now we are proud to have him join our board."

Ron grew up in the Madison area and in 1988 moved to Oshkosh with a national trucking company. In 1997 he started Valley Express, LLC., with one tractor and two trailers. Valley Express has since grown to 75 tractors and 200 trailers and provides transportation services throughout Wisconsin and the Greater Midwest. Its two facilities are located in Oshkosh. In 1999 Ron created Planet Freight, Inc. which provides a wide variety of third-party transportation services.

Ron is past President and a current member of the Fox Valley Traffic Club, as well as a member of the Wisconsin Motor Carriers Association. He also currently serves as President of the Parish Council at St. Mary's Church in Greenville, WI. Ron has a Bachelor's degree in Business from the University of Wisconsin - Stout. Ron, his wife Amy, and their three children are very active in their church, school, and community.

About First Business Bank - Northeast First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, treasury management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

Business credit and Northeast Wisconsin

Tue, 2 Dec 2008 06:00:00 GMT

Northeast Wisconsin is frequently said to be more level, economically speaking, than the East or West coasts - the peaks are not as high, but the valleys are not as low. If true, that appears to be a positive for Northeast Wisconsin businesses seeking credit...

First Business Economic Survey Event Dec. 18 in Appleton

Mon, 1 Dec 2008 06:00:00 GMT

Business owners have had plenty to ponder in the face of the recent economic upheaval. What do business owners throughout Northeast Wisconsin think...

First Business Bank - Northeast Expands to New Oshkosh Office

Mon, 24 Nov 2008 06:00:00 GMT

First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that it has expanded its facilities and relocated to a new Oshkosh office at 230 Ohio Street, Suite 220. The phone will remain as 920-231-2400 and fax as 920-231-7349.

First Business first opened an office in Northeast Wisconsin in 2006 at 601 Oregon Street. In 2007, First Business opened a second office (also serving as the Northeast headquarters) in Appleton at 3913 W. Prospect Avenue. On November 17, 2008, First Business relocated its Oshkosh office to 230 Ohio Street, Suite 220.

"Our original Oshkosh location was always meant to be temporary as we searched for a permanent location. Our banking model has been very well received by businesses in Oshkosh and Fond du Lac, and we are excited to relocate to a permanent expanded facility to serve this market," Mickey Noone, President - Northeast Region, First Business Bank.

"We are thrilled to commit to the market and be a part of new development along the river in downtown Oshkosh. Moving to the same building as the Oshkosh Community Foundation will give us a better presence in the market and allow us to better serve our clients," said Will Deppiesse, Vice President, First Business Bank.

About First Business Bank - Northeast First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, treasury management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

First Business Financial Services Announces Increase in Earnings of 28.5 Percent

Mon, 27 Oct 2008 05:00:00 GMT

MADISON, Wis., Oct. 27, 2008 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) reported net income of $3.010 million for the first nine months of 2008, an increase of $668 thousand, or 28.5%, from the first nine months of 2007. Diluted earnings per share for the nine months ended September 30, 2008 were $1.24 compared to $0.95 reported for the same period in 2007, an increase of 30.5%. Net income for the three months ended September 30, 2008 was $1.172 million, an increase of $287 thousand, or 32.4%, compared to $885 thousand for the three months ended September 30, 2007. Diluted earnings per share for the three months ended September 30, 2008 were $0.48 compared to $0.36 for the same period in 2007, an increase of 33.3%.

The Corporation's total assets reached $998.4 million at September 30, 2008, an increase of $99.3 million, or 12.6%, from September 30, 2007. Net loans and leases, which totaled $828.4 million as of September 30, 2008, grew $79.8 million, or 10.7%, year-over-year.

A complete copy of the Corporation's Quarterly Report on Form 10-Q for the period ending September 30, 2008 and all reports filed by the Corporation with the SEC may be accessed through the Corporation's website.

Chief Executive Officer, Corey Chambas, commented, "First Business, once again, had excellent growth in net income this quarter, particularly in light of the difficulties in the overall economy and especially in the banking sector. Our strong performance is due to our solid asset quality, no deterioration in the quality of the investment portfolio we own, and our ability to grow in a tough economic climate."

First Business Financial Services Announces Dividend

Wed, 24 Sep 2008 05:00:00 GMT

MADISON, Wis., Sept. 24, 2008 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The 2008 annualized dividend amount of $0.28 per share is an increase of 7.7% from 2007. The cash dividend is payable on October 15, 2008 to shareholders of record at the close of business on October 1, 2008.

First Business Financial Services Announces Increase in Earnings of 26.1 Percent

Mon, 4 Aug 2008 05:00:00 GMT

MADISON, Wis., Aug. 4, 2008 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) reported net income of $1.837 million for the first six months of 2008, an increase of $380 thousand, or 26.1%, from the first six months of 2007. Diluted earnings per share for the six months ended June 30, 2008 were $0.76 compared to $0.59 reported for the same period in 2007, an increase of 28.8%.

The Corporation's total assets reached $981.9 million at June 30, 2008, an increase of $142.6 million, or 17.0%, from June 30, 2007. Net loans and leases, which totaled $820.8 million as of June 30, 2008, grew $118.4 million, or 16.9%, year-over-year.

A complete copy of the Corporation's Quarterly Report on Form 10-Q for the period ending June 30, 2008 and all reports filed by the Corporation with the SEC may be accessed through the Corporation's website.

Chief Executive Officer, Corey Chambas, commented, "Our strong growth in net income was the result of a growing loan portfolio and solid asset quality. We are committed to maintaining our asset quality and further leveraging our team to continue increasing our net income."

Tim Beno Joins First Business Bank - Northeast

Tue, 24 Jun 2008 05:00:00 GMT

First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Tim Beno has joined the company as Market President for Green Bay.

Tim brings over 16 years of commercial banking experience to First Business. Tim was previously Vice President and Commercial Banking Manager for Bank Mutual (Former First Northern Bank) in Green Bay, managing seven employees and responsible for all commercial banking activity in 22 locations. Prior to that, Tim was at Associated Bank and Firstar Bank in Green Bay. Tim is a graduate of Northern Illinois University, and lives in Ledgeview with his wife and son. Tim is an elected official and has been Supervisor for the Town of Ledgeview since 2003. He is past Director of Big Brothers Big Sisters of Northeast Wisconsin.

"We're excited to have Tim join our team. I've admired Tim's work in the industry for years. He has a strong background in commercial banking, which adds to our current team of experienced business bankers in Appleton and Oshkosh. He's known for strong client relations and community involvement. This fits nicely with the culture we have at First Business," stated Mickey Noone, President - Northeast Region, First Business Bank.

About First Business Bank - Northeast First Business Bank - Northeast is headquartered at 3913 W. Prospect Avenue in Appleton. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and equipment finance products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, treasury management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, visit the bank's Website or call 920-734-1800.

First Business Financial Services, Inc. Adopts Shareholder Rights Plan

Fri, 6 Jun 2008 05:00:00 GMT

MADISON, Wis., June 6, 2008 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its Board of Directors adopted a shareholder rights agreement. In connection with the adoption of the rights agreement, the Board declared a dividend of one common share purchase right on each outstanding share of First Business's common stock. The issuance of the rights under the rights agreement will be made on July 15, 2008 to shareholders of record as of the close of business on July 1, 2008.

The rights are designed to enable all First Business shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment of all shareholders in the event that an unsolicited attempt is made to acquire First Business. First Business believes that the rights agreement will help protect shareholders against abusive takeover tactics that may be used to gain control of the company without paying a price that is in the best interest of all shareholders. The rights agreement was not adopted in response to any known offers for First Business and is similar to rights agreements adopted by many other companies.

The rights will be exercisable only if a person or group acquires 15% or more of First Business's common stock or announces a tender offer, consummation of which would result in ownership by a person or group of 15% or more of the common stock.

Each right will initially entitle shareholders to buy one-half of one share of common stock at an initial exercise price of $85.00 per full share, subject to adjustment. If any person becomes a 15% or more shareholder of First Business, then each right (subject to certain limitations) will entitle its holder to purchase, at the rights' then-current exercise price, a number of common shares of First Business or of the acquiror having a market value at the time of twice the rights' full share exercise price.

First Business's Board of Directors may redeem the rights for $0.001 per right at any time prior to the time when the rights become exercisable. Unless the rights are redeemed, exchanged or terminated earlier, they will expire on June 5, 2018.

Additional details regarding the rights agreement are contained in a Form 8-K to be filed by First Business with the Securities and Exchange Commission and in a summary to be mailed to all shareholders on or about July 15, 2008.

Commercial real estate forecast for Dane County warm to partly cloudy

Wed, 4 Jun 2008 05:00:00 GMT

This year's news headlines paint a cloudy picture for real estate in general. In fact, the residential real estate market across the country has seen some significant price declines...

Sandra L. Lampman Appointed to First Business Bank Board of Directors

Wed, 14 May 2008 05:00:00 GMT

MADISON, May 14, 2008 - First Business Bank, part of First Business Financial Services, Inc. (NASDAQ: FBIZ), announced today that Sandra L. Lampman has been appointed to the First Business Bank Board of Directors.

Sandra is a life-long resident of Madison and has served the not-for-profit business community through a variety of roles during the past 20 years. She was recently named head of HospiceCare Foundation where she leads the Foundation along with several other key responsibilities for HospiceCare. Susan Phillips, President & CEO of HospiceCare, publicly referred to Sandra as "a strong and visionary leader who knows our community". Prior to joining HospiceCare, Sandra was CEO of American Red Cross - Badger Chapter and before that she led Ronald McDonald House Charities of Madison. She currently serves as a director of Mortenson, Matzelle & Meldrum.

"Sandra brings knowledge of the not-for-profit sector, a perspective toward business development, as well as familiarity with the Dane County business community to our board. We are delighted to have Sandra join the First Business family," stated Mark Meloy, President & CEO of First Business Bank - Madison.

About First Business Bank - Madison First Business Bank - Madison was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial loans, cash management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset based lending, and equipment finance and leasing.

First Business Financial Services Announces Increase in Earnings of 28.5 Percent

Tue, 29 Apr 2008 05:00:00 GMT

MADISON, Wis., April 29, 2008 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) reported net income of $770 thousand for the first quarter of 2008, an increase of $171 thousand, or 28.5%, from the first quarter of 2007. Diluted earnings per share for the quarter ended March 31, 2008 were $0.32 compared to $0.24 reported for the same period in 2007, an increase of 33.3%.

The Corporation's total assets reached $958.5 million at March 31, 2008, an increase of $157.5 million, or 19.7%, from March 31, 2007. Net loans and leases, which totaled $811.7 million as of the end of the quarter, grew $155.0 million, or 23.6%, year-over-year.

A complete copy of the Corporation's Quarterly Report on Form 10-Q for the period ending March 31, 2008 and all other reports filed by the Corporation with the SEC may be accessed through the Corporation's website.

Chief Executive Officer Corey Chambas commented, "Asset growth, specifically growth in loans and leases, continues to be very strong. We are committed to improving our net income and return on equity by further leveraging the existing business development and support team. We intend to maintain our sales and marketing efforts to continue this growth pattern."

First Business Recipient of Wisconsin Corporate Citizenship Award

Tue, 8 Apr 2008 05:00:00 GMT

MADISON, WI, April 8, 2008 - First Business Financial Services, Inc. (NASDAQ:FBIZ) is proud to announce it was a recent recipient of a Wisconsin Corporate Citizenship Award, in recognition of its exemplary employee relations and charitable donations to the community.

The Wisconsin Corporate Citizenship Award program was created and is sponsored by Corporate Report Wisconsin and Edgewood College. Wisconsin companies are evaluated on: environmental stewardship, community relations, diversity efforts, and customer relations. First Business was honored at a banquet held on April 4 at Edgewood College.

"Our business clients value our strong corporate culture and commitment to the community as key elements in the foundation of their relationship with us," said Mark Meloy, President & CEO, First Business Bank - Madison. "We are proud of what this award represents and to be in the company of the outstanding Wisconsin businesses previously honored."

First Business is featured in this month's issue of Corporate Report Wisconsin. In selecting First Business for the Award, Corporate Report Wisconsin wrote, "The company distinguishes itself with notable employee relations, philanthropy, diversity, and customer care." A link to the full article can be found here.

First Business Announces Dividend Increase

Wed, 19 Mar 2008 05:00:00 GMT

MADISON, Wis., March 19, 2008 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has increased the quarterly cash dividend on its common stock 7.7 percent to $0.07 per share from $0.065 per share. This marks the fifth consecutive annual increase in the amount paid since the Company began paying dividends in 2003.The cash dividend is payable on April 15, 2008 to shareholders of record at the close of business on April 1, 2008.

First Business Announces Dividend

Wed, 19 Dec 2007 06:00:00 GMT

MADISON, Wis., Dec. 19, 2007 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.065 per share. The 2007 annualized dividend amount of $0.26 is an 8.3% increase from 2006. The cash dividend is payable on January 15, 2008 to shareholders of record at the close of business on January 1, 2008.

A Bright Spot For Local Jobs

Tue, 18 Dec 2007 06:00:00 GMT

Nearly two-thirds of 528 Dane County companies polled in a recent survey expect similar or higher profits this year, compared to last year. Even better, many of those companies expect profits to increase next year...

Manufacturing Slowdown Forecast

Thu, 6 Dec 2007 06:00:00 GMT

Manufacturing in Dane County is tightening its belt, speakers at an economic panel said Wednesday, but, they added, the industry is not in a serious downturn...

Business Outlook Optimistic: Survey Says Companies Expect Higher Profits Despite Slowdown

Wed, 5 Dec 2007 06:00:00 GMT

The nation's economic slowdown is being felt in Dane County, according to a survey being released today, but business overall is still in good shape here, a top state economist says...

Dane County Businesses Show Strength Despite Downturn Survey Finds

Wed, 5 Dec 2007 06:00:00 GMT

The stock slide on Wall Street, the fallout in the housing market and the surge in oil prices earlier this year painted a gloomy outlook - even possible recession - for 2007. In Wisconsin's Dane County, however, businesses are showing resilience...

Survey: Area Biz Feels National Pain

Wed, 5 Dec 2007 06:00:00 GMT

The local economy has been stung by slower sales growth and the housing slide, with three in 10 firms responding to a new business survey saying profits were down from last year...

First Business Financial Services, Inc. Announces Stock Repurchase Plan

Tue, 20 Nov 2007 06:00:00 GMT

MADISON, Wis., Nov. 20, 2007 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that its Board of Directors has authorized the repurchase of up to $1,000,000 of the Company's common stock, through open market block purchases in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

Corey Chambas, President and CEO of First Business Financial Services, commented: "We believe that the current market price of our common stock does not reflect the underlying value of our Company. Our board believes that a share repurchase plan is in the best interests of our shareholders and a good use of our capital at this time."

Just a minute with Dave Vetta President & CEO, First Business Bank-Milwaukee

Fri, 9 Nov 2007 06:00:00 GMT

Many banks say they are focused on the business owner, but that's been our company's distinction since inception 17 years ago. Among our clients, we're seeing more discussion about leadership and succession planning...

First Business Bank - Northeast Announces its Board

Thu, 1 Nov 2007 05:00:00 GMT

First Business Bank, a business-focused financial institution, has announced the board for their Northeast location. The board is led by Chairman Jerry Smith who is also the Chair of the First Business Financial Services, Inc. Board of Directors. Other members include Michael (Mickey) Noone, President - Northeast Region of First Business Bank; Jeff Kowalik, President of Northcentral Construction Corporation; Corey Chambas, President & CEO of First Business Financial Services, Inc.; and Susan Andrews, President of FirstChoice Insurance Agency of WI, Inc.

"With our business banking resources, we believe we can fill a need in the Northeast market. Our research has shown that we offer the most important qualities businesses are looking for in a banking relationship. The attention and responsiveness we give our clients is coupled with access to top decision makers and a knowledgeable staff," said Jerry Smith, Chairman of the Board and native of Freedom, Wisconsin.

First Business Bank opened an Oshkosh office earlier this year, located at 601 Oregon Street. They plan to open an Appleton office, located at 3913 West Prospect Avenue, later this year. The expansion of their business banking operations which originated in Madison, Wisconsin allows select businesses to take advantage of First Business Bank's unique cashless business model. This style of banking allows their clients to transmit transactions electronically using password-protected online banking and remote deposit capabilities. It also leverages new technology with branch automation.

Local business owners are responding positively to First Business Bank's unique business model. "My First Business Bank lender is extremely responsive and respectful of my time. He drives to our office to discuss our lending needs and helped us set up a remote deposit system. He recognizes my priorities as a business owner and makes things simple for me so I can focus on the strategic and day-to-day task of growing my business," said Ron Jankowski, President of Valley Express, LLC.

About First Business Bank - Northeast In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and leasing products through its affiliates, First Business Bank - Madison and First Business Trust & Investments. These include remote deposit, cash management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

First Business Announces Dividend

Mon, 17 Sep 2007 05:00:00 GMT

MADISON, Wis., Sept. 17, 2007 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.065 per share. The 2007 annualized dividend amount of $0.26 is an 8.3% increase from 2006. The cash dividend is payable on October 15, 2007 to shareholders of record at the close of business on October 1, 2007.

First Business Bank - Northeast Launches Website

Wed, 5 Sep 2007 05:00:00 GMT

First Business Bank - Northeast has launched their website www.firstbusiness.com/northeast, which is a crucial tool in supporting their cashless business banking model. The success of cashless banking relies on current financial trends and technology, including the ability to transmit transactions electronically using password-protected online banking, and utilizing remote deposit and branch automation capabilities.

First Business Bank - Northeast's online banking service takes additional precautions to protect clients from fraudulent online activity. Users must enter a company ID and user ID before they are directed to a page that requires them to verify a picture icon and personal phrase as well as enter their password. They also continuously monitor the system to prevent problems that may compromise account security or privacy. Security upgrades are constantly evaluated and implemented to increase the protection of their clients' information.

In addition to online banking, the website offers a secure email service at no charge. This allows First Business Bank - Northeast to send you encrypted confidential information via email. Users may also electronically send confidential emails to First Business Bank - Northeast to ensure their business is handled quickly and conveniently.

The website serves as a convenient tool and is a resource for clients and potential clients to learn more about the bank, its people, structure and services. Investor Relations and Newsroom sections feature current market information and stock trends as well as the latest news.

About First Business Bank - Northeast First Business Bank - Northeast operates from 601 Oregon Street in Oshkosh and will be opening an Appleton office at Highways 41 and BB in the fall of 2007. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and leasing products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, cash management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

Lee Ann Hintz and Cindy Borgen Join First Business Bank - Northeast

Wed, 5 Sep 2007 05:00:00 GMT

OSHKOSH, WI - September 5, 2007 - First Business Bank - Northeast has announced the addition of Lee Ann Hintz, Client Relationship Officer and Cindy Borgen, Credit Officer. First Business Bank - Northeast recently opened offices in northeast Wisconsin, introducing a unique cashless business model that allows clients to transmit transactions electronically using password-protected online banking and utilize remote deposit and branch automation capabilities.

Hintz joins First Business Bank - Northeast with over 15 years of banking experience. In her role, she is responsible for coordinating seamless interactions between the client and the bank. Previously, Hintz worked as the Operations Manager at First National Bank - Fox Valley and has a BBA in Human Resource Management. She and her husband have been involved in the Oshkosh area Big Brothers/Big Sisters program as a Big Couple.

Bringing nearly ten years of banking and finance experience to First Business Bank - Northeast, Borgen specializes in commercial credit analysis. At First Business she will be largely involved in the credit approval process and offer underwriting support to business development efforts. Prior to joining First Business Bank, Borgen worked for First National Bank - Fox Valley and Ford Motor Credit Company. She holds both Bachelor and Master of Business Administration degrees from the University of Wisconsin - Oshkosh and recently earned her Loan Review Certification from BAI.

About First Business Bank - Northeast First Business Bank - Northeast operates from 601 Oregon Street in Oshkosh and will be opening an Appleton office at Highways 41 and BB in the fall of 2007. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and leasing products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, cash management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

First Business Announces Expansion of its Business Banking Operations

Fri, 17 Aug 2007 05:00:00 GMT

First Business Financial Services, Inc. (NASDAQ: FBIZ) announced the expansion of its business banking operations and the hiring of Michael E. (Mickey) Noone, John Nygaard, Will Deppiesse, Antoine Tines, and Steven Lautenschlager, CFP ®. The company has a location at 601 Oregon Street, Oshkosh, WI and will occupy a second location in a newly constructed building at 3913 West Prospect Avenue in Appleton, WI.

Mickey Noone joins the company as President - Northeast Region. Mickey was previously a Senior Vice President with First National Bank - Fox Valley in Neenah, and prior to that position he was a Vice President of M&I First American Bank in Wausau. He has a Bachelor of Arts Degree in Economics from the University of Wisconsin - Madison. Mickey has volunteered with: Oshkosh Community YMCA, Fox Cities United Way, Oshkosh United Way, Future Neenah, Inc., Fox Cities Chamber of Commerce, Risk Management Association, Oshkosh Chamber of Commerce, Oshkosh Family, Inc., and Wisconsin Family Business Forum.

The company also hired John Nygaard, Will Deppiesse, Antoine Tines, and Steven Lautenschlager, CFP ®. Nygaard has worked in the banking industry for over 15 years specializing in owner-managed businesses and commercial real estate. His title is Vice President - Commercial Lending, First Business Bank. Deppiesse has over eight years of banking experience. His title is also Vice President - Commercial Lending, First Business Bank. Tines has been in the banking and financial services industry for more than a decade. His new title is Treasury Management Officer. Lautenschlager has over 12 years experience in the financial services industry. He joins First Business Trust & Investments as Vice President. Tom Rude will also join the Northeast business development team as Vice President of First Business Equipment Finance.

About First Business Bank - Northeast First Business Bank - Northeast operates from 601 Oregon Street in Oshkosh and will be opening an Appleton office at Highways 41 and BB in the fall of 2007. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and leasing products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, cash management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

First Business Bank Brings Cashless Banking to Northeast Wisconsin

Fri, 17 Aug 2007 05:00:00 GMT

OSHKOSH, WI - August 17, 2007 - First Business Bank, a business focused financial institution, is opening offices in northeast Wisconsin, bringing with them their unique cashless business model that has already proven to be successful. Their clients transmit transactions electronically using password-protected online banking, remote deposit capabilities, and branch automation. There are several benefits to this style of banking including convenience and lower costs for their clients.

Because of the way First Business Bank is structured, they can leverage the lending power of the entire organization. "We can lend significantly more per client than a typical start-up bank, which is only able to lend about $1 million per client. It's much more efficient, and that efficiency gets passed along to the client in price," said Mickey Noone, President - Northeast Region.

Clients with multiple needs and who demand a high level of service will benefit the most from First Business Bank?s offerings. Trust services, investment management services, qualified retirement plans, equipment finance and leasing, asset-based lending, commercial lending, and treasury management are the core focus of the First Business family of companies, with total assets in excess of $800 million.

"We have identified small to medium-sized privately held companies as our target market so we can produce the service we think they deserve rather than trying to be everything to everybody," Noone said. Noone also adds this banking format is not a good fit for every business. "The very small and start up businesses, or those with a lot of cash transactions, are typically not a good fit for us as their product and service needs are much different than what we are structured to provide." First Business specifically targets manufacturing, wholesale, distribution, and commercial real estate companies.

About First Business Bank - Northeast First Business Bank - Northeast operates from 601 Oregon Street in Oshkosh and will be opening an Appleton office at Highways 41 and BB in the fall of 2007. In addition to offering commercial loan products, First Business Bank - Northeast offers a full line of deposit, investment, and leasing products through its affiliates First Business Bank - Madison and First Business Trust & Investments, including remote deposit, cash management products, Internet banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing.

Photo Release -- Joe Quinn Joins First Business Bank - Milwaukee

Fri, 13 Jul 2007 05:00:00 GMT

MILWAUKEE, July 13, 2007 (PRIME NEWSWIRE) -- First Business Bank - Milwaukee, part of First Business Financial Services, Inc. (Nasdaq:FBIZ), announced today that Joe Quinn has joined the firm as Senior Client Advisor - Vice President.

A photo accompanying this release is available here.

In his new role, Joe will work closely with clients and their advisors to develop and implement succession plans and transition strategies for privately owned businesses. "I'm delighted to join the First Business team," says Joe. "I have been continually impressed with their extremely high level of service, their approach to client relations, and the quality group of individuals I'll be working with. It's a privilege to join the First Business family of companies."

Joe has 23 years of experience in the financial services industry. He led the corporate trust and employee benefits teams of Firstar Trust Company and also served in commercial lending at Firstar. Joe then joined J P Morgan (formerly Bank One) and served institutional investment clients throughout the United States. Earlier in his career, Joe was in private legal practice in Detroit and served the estate planning and succession planning needs of business owners. Joe received his law degree from the University of Wisconsin - Madison and his bachelor's degree from the University of Michigan. He is a member of both the State Bar of Wisconsin and the State Bar of Michigan.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Greater Milwaukee-area businesses and respond quickly and proactively to meet their needs. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (Nasdaq:FBIZ).

The First Business Bank - Milwaukee logo is available here.

Photo Release -- First Business Bank - Madison Announces Promotion

Thu, 28 Jun 2007 05:00:00 GMT

MADISON, Wis., June 28, 2007 (PRIME NEWSWIRE) -- First Business Bank - Madison, part of First Business Financial Services, Inc. (Nasdaq:FBIZ), announced today that Mark Meloy has been promoted to CEO. Mark previously held the position of President, and will also retain that title.

A photo accompanying this release is available here.

Mark has 25 years of banking experience, including specialized work in commercial lending as well as in mergers and acquisitions. Mark is originally from Platteville, Wisconsin, and is a graduate of Loras College in Dubuque, Iowa, where he received his B.S. in Finance. He is also a graduate of the Prochnow Graduate School of Banking at the University of Wisconsin, Madison. He joined First Business in 2000 and has had various responsibilities during his tenure, including President of First Business Bank - Milwaukee. Mark is active in the community, having been involved with March of Dimes at the state and national levels. He currently serves on the board of directors of two non-profits and the finance committee of a third. He is also a member of the Madison Rotary Club.

About First Business Bank - Madison First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial loans, cash management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset based lending, and equipment leasing.

First Business Announces Dividend

Mon, 25 Jun 2007 05:00:00 GMT

MADISON, Wis., June 25, 2007 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.065 per share. The 2007 annualized dividend amount of $0.26 is an 8.3% increase from 2006. The cash dividend is payable on July 16, 2007 to shareholders of record at the close of business on July 1, 2007.

Photo Release -- Jim Borchert Joins First Business Bank - Milwaukee

Fri, 8 Jun 2007 05:00:00 GMT

MILWAUKEE, June 8, 2007 (PRIME NEWSWIRE) -- First Business Bank - Milwaukee announced today that Jim Borchert has joined the firm as Vice President - Commercial Real Estate. Jim has 20+ years of total banking experience and 10+ years experience as a banking regulator. Prior to joining First Business, Jim was with Associated Bank's Commercial Real Estate Division in downtown Milwaukee.

A photo accompanying this release is available here.

Jim is a graduate of the University of Wisconsin - Milwaukee'sSchool of Business with a degree in Finance. He is a board member and treasurer of a youth football program in Whitefish Bay, Wisconsin.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Greater Milwaukee-area businesses and respond quickly and proactively to meet their needs. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (Nasdaq:FBIZ).

The First Business Bank - Milwaukee logo is available here.

Back to work - on their own terms

Sat, 12 May 2007 05:00:00 GMT

Michael Gingras retired as vice president of M&I Bank in Brookfield at the end of January with the intent of taking 60 days to figure out what he wanted to do with the rest of his life. But within less than two weeks, three different kinds of banks called him...

First Business Bank fills gap with mezzanine financing

Fri, 11 May 2007 05:00:00 GMT

First Business Bank-Milwaukee is partnering with Chicago-based Aldine Capital Fund L.P. to offer mezzanine financing to clients in southeastern Wisconsin...

First Business Bank - Milwaukee Introduces Mezzanine Funding

Wed, 25 Apr 2007 05:00:00 GMT

MILWAUKEE, April 25 /PRNewswire/ -- First Business Bank is now offering mezzanine funding to Milwaukee-area clients through an investment with Aldine Capital Fund, L.P. (in Wisconsin and Illinois) to provide funding between $2 million and $8 million in investment size. Mezzanine financing, also referred to as "mezzanine capital" or "junior capital," allows borrowers to obtain unsecured debt financing based on cash flow rather than traditional collateral. It is a tool that can fill the financing gap that often occurs between owners' equity and traditional bank financing, where the maximum bank loan might be capped by collateral requirements or other limitations. Mezzanine financing is most often used for financing growth, re-capitalization, acquisitions or ownership changes.

Nationally, large corporate banking and investment conglomerates offer mezzanine funding but tend to target investment sizes of greater than $10 million for a single company. "Most companies that offer mezzanine financing tend to focus on larger deals, which leaves a void, especially in Wisconsin, for mezzanine funding under $5 million," says Dave Vetta, President & CEO, First Business Bank - Milwaukee.

"We frequently serve industries where growth and acquisitions create a need for additional funding sources," he adds. "Mezzanine financing is a win- win-win scenario for borrowers, lenders and investors. By offering a funding solution for small- to medium-sized businesses, we feel we are bringing something of great value to the local business community. Furthermore, we believe we are the only Wisconsin-based bank to offer this financing alternative."

Mezzanine funding strengthens a company's balance sheet by adding needed capital while the provider focuses on existing cash flow in the overall repayment analysis. Some common characteristics of companies funded with mezzanine capital include those with excellent performance histories, experienced management teams, an industry niche and a history of strong customer relationships. Key advantages of mezzanine financing include reduced ownership dilution (as compared to other forms of equity financing) and the opportunity for the business owner to repay the debt and purchase any equity from the mezzanine lender at a pre-arranged time and price.

Each mezzanine deal will be negotiated on an individual basis and could fund investments for projects ranging from the development of technology to business succession. "We saw a need in this market to expand financing options but we wanted to ensure direct access to decision-makers and the fast turnaround we guarantee in our traditional lending services," adds Vetta. Mezzanine funds are currently available.

For further information on mezzanine funding, please contact Dave Vetta, President & CEO, First Business Bank - Milwaukee, at 262-792-7100.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO and a board of directors. This structure allows us to understand local businesses and respond quickly and proactively to meet their needs.

Photo Release -- First Business Capital Corp. Opens Chicago Office

Mon, 23 Apr 2007 05:00:00 GMT

MADISON, Wis., April 23, 2007 (PRIME NEWSWIRE) -- First Business Capital Corp., a member of the First Business Financial Services, Inc. (Nasdaq:FBIZ) family of companies, is pleased to announce the opening of its Chicago office at 225 West Washington Street, Suite 2200, Chicago, IL 60606.

A photo accompanying this release is available here.

The office will be led by Rick Barfield, Vice President of Business Development for First Business Capital Corp. Rick has over 12 years of financial services experience in capital markets, and in large corporate and middle market banking. Prior to joining First Business Capital Corp., he worked as a Middle Market Lender in Chicago with Banco Popular and Fifth Third Bank. Rick is a graduate of Howard University where he received his BBA in 1994 and his MBA in Finance in 2000.

The Chicago office phone number is 312-924-2837 and the fax is 312-924-0201. Rick can also be reached at rbarfield@firstbusiness.com.

About First Business Capital Corp. First Business Capital Corp. is a leading source of asset-based lending for small- to mid-market companies with credit requirements of $500,000 to $5,000,000 and more. We provide revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing.

Photo Release -- Michael Gingras Joins First Business Bank - Milwaukee

Mon, 23 Apr 2007 05:00:00 GMT

MILWAUKEE, April 23, 2007 (PRIME NEWSWIRE) -- First Business Bank - Milwaukee announced today that Michael Gingras has joined the firm as Vice President of Business Development. Mike has over 30 years of experience in the Wisconsin banking industry. Prior to joining First Business Bank - Milwaukee, he was Vice President at M&I Bank in Brookfield.

A photo accompanying this release is available here.

Mike studied at the Institute for Financial Management at Harvard University. He attended the Graduate School of Banking at the University of Wisconsin - Madison, where he also received his bachelor's degree.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Greater Milwaukee-area businesses and respond quickly and proactively to meet their needs. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (Nasdaq:FBIZ).

The First Business Bank - Milwaukee logo is available here.

First Business Announces Dividend Increase

Thu, 15 Mar 2007 05:00:00 GMT

MADISON, Wis., March 15, 2007 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced that its board of directors has increased the quarterly cash dividend on its common stock 8.3 percent to $0.065 per share from $0.06 per share. The cash dividend is payable on April 16, 2007 to shareholders of record at the close of business as of April 1, 2007.

Photo Release -- Dave Vetta Joins First Business Bank - Milwaukee as President and CEO

Fri, 23 Feb 2007 06:00:00 GMT

MILWAUKEE, Feb. 23, 2007 (PRIME NEWSWIRE) -- First Business Bank - Milwaukee announced today that Dave Vetta has joined the firm as President and CEO. Dave has over 30 years of experience in the investment and banking industry. Prior to joining First Business Bank - Milwaukee, he was Managing Director at Fifth Third Bank and Managing Director at JP Morgan Asset Management, where he was a member of the investment and management committees.

A photo accompanying this release is available here.

"We are very excited to have Dave lead our team," stated John Silseth, Chairman. "Dave has deep roots in the community, both in his professional and personal life. He's passionate about Greater Milwaukee area businesses and the issues they face. He's an engaging individual, who fits the First Business culture very well. He's entrepreneurial and competitive, and gives back to the community."

Dave's broad background includes commercial and consumer lending, private banking, investment management, and sales management, including providing financial solutions to businesses and individuals. He is a Certified Financial Planner, and holds an MBA from the University of Wisconsin - Whitewater and a BS from Carroll College. In addition, Dave has taken advanced studies at Northwestern University and University of Virginia, Darden School of Business.

Dave is a native of Waukesha and Whitefish Bay. He is active in United Way of Milwaukee and is a member of the investment committee. Dave serves on the Board of Trustees for Carroll College and is a member of the Carroll College Hall of Fame.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Greater Milwaukee-area businesses and respond quickly and proactively to meet their needs. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (Nasdaq:FBIZ).

Funding to grow

Thu, 1 Feb 2007 06:00:00 GMT

Success requires growth. Growth requires funding. And funding requires resources. For existing business owners looking to expand or potential business owners seeking an acquisition, it is a recipe for endless frustration...

Photo Release -- First Business Bank - Milwaukee Names John M. Silseth Chairman

Wed, 24 Jan 2007 06:00:00 GMT

MILWAUKEE, Jan. 24, 2007 (PRIME NEWSWIRE) -- First Business Bank - Milwaukee announced today that John M. Silseth has been named Chairman of its Board of Directors. John is President of Antietam, LLC in Milwaukee. He has served on the bank board since February, 2004, and was elected to the board of the bank's parent company, First Business Financial Services, Inc., in October, 2006.

A photo accompanying this release is available here.

Silseth, President of Antietam, serves on the boards of First Business Bank - Milwaukee, First Business Financial Services, and United Lutheran Program for the Aging. John has also served on the boards of: Lutheran Social Services of Wisconsin & Upper Michigan; Serenity Inns; Ampco Pumps Company, Inc.; Wilderness Log Homes, Inc.; Raffel Comfort Services, LLC; Kasgro Rail Corp.; Kasgro Leasing LLC; Prince Corporation; and Zenith Products. He has also acted as Chairman of Lutheran Social Services CEO Search and Screen Committee for Lutheran Social Services of Wisconsin & Upper Michigan.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Greater Milwaukee area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Greater Milwaukee area businesses and respond quickly and proactively to meet their needs. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (Nasdaq:FBIZ).

The First Business Bank - Milwaukee logo is available here.

Photo Release -- First Business Financial Services Elects John M. Silseth to Board of Directors

Tue, 19 Dec 2006 06:00:00 GMT

MADISON, Wis., Dec. 19, 2006 (PRIME NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ), located at 401 Charmany Drive in Madison, announced today that John M. Silseth has been elected to its Board of Directors. John is President of Antietam, LLC in Milwaukee and has served on the board of First Business Bank - Milwaukee since February of 2004. He will continue to serve on the Milwaukee board in addition to this new appointment.

A photo accompanying this release is available here.

"John will be a great addition to our board. His knowledge of the marketplace, financial expertise, and commitment to the community have served First Business Bank - Milwaukee well. We look forward to having John and his depth of experience on our holding company board," stated Jerry Smith, Chairman of First Business Financial Services.
Silseth, President of Antietam, serves on the board of First Business Bank - Milwaukee and United Lutheran Program for the Aging. John has also served on the boards of: Lutheran Social Services of Wisconsin & Upper Michigan; Serenity Inns; Ampco Pumps Company, Inc.; Wilderness Log Homes, Inc.; Raffel Comfort Services, LLC; Kasgro Rail Corp.; Kasgro Leasing LLC; Prince Corporation; and Zenith Products. He has also acted as Chairman of Lutheran Social Services CEO Search and Screen Committee for Lutheran Social Services of Wisconsin & Upper Michigan.

First Business Declares Dividend

Mon, 18 Dec 2006 06:00:00 GMT

MADISON, Wis., Dec. 18, 2006 (PRIME NEWSWIRE) -- On December 15, the Board of Directors of First Business Financial Services, Inc. (Nasdaq:FBIZ) declared a regular quarterly dividend of $0.06 per share, payable January 15, 2007 to shareholders of record on January 1, 2007. At this quarterly dividend amount, the annual dividend is equivalent to $0.24 per share, an annualized increase of 11.6% from 2005.

Dane County Businesses Show Resilience to 2006 National Economic Hardship

Wed, 6 Dec 2006 06:00:00 GMT

Dane County outperforms compared to low national GDP and the outlook for 2007 more optimistic than prior years.

Dane County businesses fared better than expected in 2006 despite concerns over Gulf Coast hurricanes and increased gas prices, according to the fourth annual First Business Economic Survey of Dane County sponsored by First Business Bank and the UW-Madison School of Business. However, the gap between small and large companies in actual sales revenue continues to grow.

MADISON, December 6, 2006 - Results of the just-released 2006 First Business Economic Survey of Dane County reported a significant increase of companies surveyed performed better than expectations when compared to 2005. The outlook for 2007 is also drastically better than it was in comparison to a year ago when companies surveyed projected performance. 84% of firms surveyed project an increase in performance, as compared to 70% from last year. This dramatic change reflects in part a rebound effect when last year at this time firms were concerned about the effects Hurricane Katrina and Hurricane Rita might have on the local economy.

The 2006 First Business Economic Survey of Dane County, conducted by the A.C. Nielsen Center for Marketing Research at the UW-Madison School of Business, took the pulse of 485 businesses between September and October of 2006. The survey was sent to CEOs, CFOs, presidents and/or owners of Dane County businesses with five or more employees.

Corey Chambas, President of First Business Financial Services, stated, "This survey reflects the fact that we have resilient and innovative local businesses that are able to do well regardless of national economic fluctuations. This is our fourth year of commissioning this study and it has provided us and other local businesses with valuable information for building budgets and projecting growth in the Dane County market."

Scott Converse, Director of Technology and Innovation Programs for Executive Education at the UW-Madison School of Business, noted, "The survey gives a unique look into the economic adaptability Dane County businesses had after the uncertainty following the Gulf hurricanes. While slow, steady growth within the region was expected, we saw companies outperform expectations of gains in profitability. We did see that larger companies, especially those with market reach outside of Dane County, show a greater increase in sales revenue than small companies and those operating only in the Dane County area. We also saw that a greater percentage of larger firms are seeing an upward trend in the number of employees. In addition, there was a decrease in the number of firms that saw operating costs rise, which is ironic given the fluctuations seen in fuel, energy, and raw materials over the past year."

While 2006 experienced some economic challenges for local and national businesses, including gas, oil and material hikes due to Hurricanes Katrina and Rita, a local labor shortage, and concerns over the war in Iraq, local businesses report that they performed fairly well and had an increase in profitability and a decrease of cost structure as a percentage of revenue.

These are some of the key economic indicators of the survey:

Sales revenue: 60.6 percent of companies saw increases in 2006, down 2.6 percent from 2005. 72.7 percent expect sales to increase in 2007, up 3.9 percent from 2006 expectations.

Profitability: 50.5 percent of companies saw increases in 2006, up 3.2 percent from 2005. 65.4 percent expect increases in 2007, up 8 percent from 2006 expectations.

Number of employees: 36.2 percent of companies saw increases in 2006, up 2.5 percent from 2005. 37.9 percent expect employee increases in 2006, up 1.6 percent from 2006 expectations.

Overall wage change: 76.9 percent of companies saw an increase in 2006, up 1.5 percent from 2005. 76.3 percent expect an increase in 2007, up 1.4 percent from 2006 expectations.

Capital expenditures: 45.6 percent of companies saw increases in 2006, down 2.6 percent from 2005. 42 percent expect increases in 2007, down 6 percent from 2006 expectations.

Operating costs as a percent of revenue: 66.1 percent saw increases in 2006, down 2.8 percent from 2005. 59.7 percent expect increases in 2007, down 3.8 percent from 2006 expectations.

The manufacturing sector continues to outperform other sectors (service, retail, technology) with stronger performances from the Business-to-Business firms over Business-to-Consumer companies. Capital expenditures are declining; however, this has had little short-term effect. If the trend continues long-term, it will have more impact. There is a shift in profitability, stating a lower percentage of smaller businesses reporting gains, and more gains in larger firms.

The increase in wages and employment is good news to Dane County employees and the confidence shown the 2007 projects is definitely good news overall.

About First Business Bank First Business Bank was the first bank in the Midwest to devote itself exclusively to serving businesses. We take an individual approach to your company's banking needs and pride ourselves on responsiveness. First Business Bank offers a full range of lending and cash management products, as well as innovative services such as no-cost courier deposit pick-up.

First Business Bank is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

First Business Introduces Mezzanine Funding

Tue, 7 Nov 2006 06:00:00 GMT

MADISON, November 7, 2006 - First Business Bank is now offering mezzanine funding through an investment with Aldine Capital Fund, L.P., with offices in Wisconsin and Illinois that will provide funding between $2 million and $8 million in investment size. Mezzanine financing, also referred to as "mezzanine capital" or "junior capital", allows borrowers to obtain unsecured debt financing based on cash flow rather than traditional collateral. It is a tool that can often fill the financing gap between owners' equity and traditional bank financing, where the maximum bank loan might be capped by collateral requirements or other limitations. Mezzanine financing is most often used for financing growth, re-capitalization, acquisitions, or ownership changes.

Mezzanine funding strengthens a company's balance sheet by adding needed capital while the provider focuses on existing cash flow in the overall repayment analysis. Some common characteristics of companies funded with mezzanine capital include those with excellent performance histories, experienced management teams, an industry niche, and a history of strong customer relationships. Key advantages of mezzanine financing include reduced ownership dilution (as compared with other forms of equity financing) and the opportunity for the business owner to repay the debt and purchase any equity from the mezzanine lender at a pre-arranged time and price.

Nationally, large corporate banking and investment conglomerates offer mezzanine funding, but tend to target investment sizes of greater than $10 million for a single company. "Most players in the mezzanine market tend to do larger deals and we believe there is a void, especially in Wisconsin, for mezzanine funding under $5 million. We feel this will be of great value to the business community," says Mark Meloy, President, First Business Bank. "We often serve industries where growth and acquisitions create a need for capital," he adds. "Mezzanine funding is a win-win-win scenario for borrowers, lenders, and investors. We are proud to be the only Wisconsin-based bank to offer this financing alternative."

Each mezzanine deal will be negotiated on an individual basis and could fund investments for projects ranging from the development of technology to business succession. "We recognized a need in this market to expand financing options; however, we wanted to ensure our clients that we could do this in a way that provided direct access to decision-makers and the fast turnaround we guarantee in our traditional lending services," adds Meloy. Mezzanine funds are currently available.

For further information on mezzanine funding, please contact Mark Meloy, President, First Business Bank, at (608) 238-8008. Or to set up an interview with a First Business management team member, please call Jodie Johnson at (608) 232-5910 or jjohnson@firstbusiness.com.

About First Business Bank First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and equipment leasing and financing.

Photo Release -- First Business Announces Promotions

Mon, 25 Sep 2006 05:00:00 GMT

MADISON, Wis., Sept. 25, 2006 (PRIMEZONE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) and First Business Bank - Madison are pleased to announce the following promotions.

Photos accompanying this release are available at:

www.primezone.com/newsroom/prs/?pfgid=2883

www.primezone.com/newsroom/prs/?pfgid=2884

www.primezone.com/newsroom/prs/?pfgid=2885

www.primezone.com/newsroom/prs/?pfgid=2886

Michael Losenegger has been named Chief Operating Officer of First Business Financial Services, Inc. He has also been named Chief Executive Officer of First Business Bank - Madison and he will continue to serve on the bank's Board of Directors.

Mark Meloy has been named President of First Business Bank - Madison. He has also been elected to the First Business Bank - Madison Board of Directors.

Dennis Sampson and Anthony Larson have been named Senior Vice Presidents of First Business Bank - Madison.

These promotions complete the succession plan previously announced whereby Corey Chambas will become Chief Executive Officer of First Business Financial Services, Inc. on or before January 2, 2007. He will continue in his role as President and Director of the First Business Financial Services, Inc. and as a Director of First Business Bank-Milwaukee, First Business Leasing, and First Business Capital Corp.

Taking Care of Business: Corey Chambas

Tue, 1 Aug 2006 05:00:00 GMT

Corey Chambas has worked in the commercial banking industry for 22 years, specializing in cash management and commercial lending. A graduate of the University of Wisconsin, he has also completed several advanced commercial lending programs...

First Business Financial Services, Inc. Recognized as One of The Top 200 Community Banks by U.S. Ban

Wed, 26 Jul 2006 05:00:00 GMT

MADISON, Wis., July 26, 2006 (PRIMEZONE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that U.S. Banker ranked First Business as 18th in the top 200 publicly traded community banks nationwide. Banks were ranked by the 3-year average return on equity (ROE) ending 2005. The list appears in U.S. Banker's July 2006 issue.

About U.S. Banker U.S. Banker (www.us-banker.com), a monthly magazine published by SourceMedia, is the leading banking business management magazine, written for those individuals who are charged with generating greater profits and shareholder value for their financial institutions. Originally titled United States Investor when it was launched in 1891, U.S. Banker is the magazine that senior-level industry executives have turned to for the latest industry coverage for the past 112 years.

First Business Financial Services Announces Management Succession Plan

Fri, 30 Jun 2006 05:00:00 GMT

MADISON, Wis., June 30, 2006 (PRIMEZONE) -- The Board of Directors of First Business Financial Services, Inc. today announced the retirement of Charles Thompson as Chairman of the Board effective July 17, 2006. Jerry Smith has been named the new Chairman and intends to retire as Chief Executive Officer effective no later than January 2, 2007. Corey Chambas will succeed Smith as CEO. Smith was a founder of the company in 1990 and has served as its CEO since inception. Chambas joined the company in 1993 and currently serves as President and Chief Operating Officer.

First Business Declares Dividend

Tue, 20 Jun 2006 05:00:00 GMT

MADISON, Wis., June 20, 2006 (PRIMEZONE) -- The Board of Directors of First Business Financial Services, Inc. (Nasdaq:FBIZ) has declared a regular quarterly dividend of $0.06 per share, payable July 17, 2006 to shareholders of record on July 1, 2006. At this quarterly dividend amount, the annual dividend is equivalent to $0.24 per share, an annualized increase of 11.6% from 2005.

First Business Bank names Wallen to board

Wed, 31 May 2006 05:00:00 GMT

First Business Bank-Milwaukee announced the election of Timothy Wallen to its board of directors. Wallen is principal and chief executive officer of NAI MLG Commercial...

First Business Bank - Milwaukee Elects Tim Wallen to its Board of Directors

Fri, 26 May 2006 05:00:00 GMT

MILWAUKEE, May 26, 2006 - First Business Bank - Milwaukee today announced the election of Timothy J. Wallen, CPA to its Board of Directors. Wallen is Principal and Chief Executive Officer of NAI MLG Commercial. First Business Bank - Milwaukee is part of First Business Financial Services, Inc. (NASDAQ: FBIZ) which also includes First Business Bank - Madison, First Business Trust & Investments, First Business Leasing, and First Business Capital Corp.

"Tim is a respected, high profile member of the business community and possesses tremendous knowledge of the local real estate market. We are very excited that Tim is joining our board," stated Terry Taylor, President and CEO of First Business Bank - Milwaukee.

Tim joined NAI MLG Commercial in 1989 as Chief Financial Officer and was promoted to Chief Executive Officer in 2000. He is a Principal, Officer, and Board member in all of MLG's development, investment, and brokerage companies. In addition to his responsibilities as CEO, Tim directs MLG's development and investment companies, raising funds and assisting in the formation of partnerships to purchase real estate. He also manages the assets of all MLG properties, including multi-family housing, residential land, commercial buildings, and business parks.

Prior to joining MLG, Tim was a tax manager with Price Waterhouse in San Francisco where he specialized in income tax planning for partnerships and corporations in the real estate industry. In 1989, he transferred to the company's Milwaukee office where he was promoted to the position of manager. Tim is a CPA with a master's degree in accounting along with a bachelor of business administration and accounting from the University of Wisconsin - Madison.

About First Business Bank - Milwaukee First Business Bank - Milwaukee was established in 2000 to provide a full range of commercial banking services to Milwaukee-area businesses and business people. We are chartered as a unit bank with a CEO, not a branch president, and a board of directors rather than an advisory board. This structure allows us to understand Milwaukee-area businesses and respond quickly and proactively to meet their needs.

First Business Declares Dividend

Fri, 17 Mar 2006 06:00:00 GMT

MADISON, WI -- (MARKET WIRE) -- 03/17/06 -- The Board of Directors of First Business Financial Services, Inc. (NASDAQ: FBIZ) has declared a regular quarterly dividend of $0.06 per share, payable April 17, 2006 to shareholders of record on April 1, 2006. At this quarterly dividend amount, the annual dividend is equivalent to $0.24 per share, an annualized increase of 11.6% from 2005.

Scanners will save time? Check

Thu, 16 Feb 2006 06:00:00 GMT

As computer technology has steadily eroded the effort needed for office clerical tasks, Joe Gastel figured the old-fashioned paper-checking system was taking up too much time...

First Business Bank To Add Remote Deposit

Sat, 11 Feb 2006 06:00:00 GMT

Madison based First Business Bank will be adding a remote deposit service, with a demonstration set for next Thursday at its facility at 401 Charmany Drive...

Chuck Batson Joins First Business Capital Corp. as President and CEO

Wed, 4 Jan 2006 06:00:00 GMT

MADISON, WI -- (MARKET WIRE) -- 01/04/06 -- First Business Capital Corp., with headquarters in Madison, WI, announced today that Charles H. Batson has joined the firm as President and CEO. First Business Capital Corp. is part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Chuck has 30 years of asset-based lending experience, which includes 20 years directing and managing business development for Wells Fargo Business Credit, Inc. Past experience also includes positions of Vice President at CFC Capital Corporation and Heritage Bank Commercial Finance, as well as Assistant Vice President at First Wisconsin Financial Corporation. Chuck is a graduate of the University of Wisconsin - Milwaukee, a Certified Public Accountant, and a member of the Turnaround Management Association.

About First Business Capital Corp. First Business Capital Corp. is a leading source of asset-based lending for small- to middle-market companies with credit requirements of $500,000 to over $5,000,000. First Business Capital Corp. provides revolving lines of credit and term loans for acquisitions, debt restructuring, turnaround situations, debtor-in-possession, confirmation financing, and rapid growth financing. For additional information, visit the company website or call 608-233-6385.

Custom Deal

Sun, 1 Jan 2006 06:00:00 GMT

Negotiating some flexibility into a financing deal can steady cash flow while you wait for a major new purchase to pay off...

First Business Announces Dividend Increase

Thu, 15 Dec 2005 06:00:00 GMT

MADISON, WI -- (MARKET WIRE) -- 12/15/05 -- The board of directors of First Business Financial Services, Inc. (NASDAQ: FBIZ) has declared a quarterly dividend of $0.06 per share, payable January 16, 2006 to shareholders of record on January 1, 2006.
First Business Financial Services, Inc. had previously paid a semi-annual cash dividend. At this quarterly dividend amount, the annual dividend is equivalent to $0.24 per share, an annualized increase of 11.6% from 2005.

First Business Financial Services, Inc. Announces Quarterly Results

Tue, 22 Nov 2005 06:00:00 GMT

MADISON, WI -- (MARKET WIRE) -- 11/22/05 -- First Business Financial Services, Inc. (the "Company") (NASDAQ: FBIZ) announced today net income for the quarter ended September 30, 2005 of $916 thousand, or $0.37 per diluted share, compared with net income of $717 thousand, or $0.29 per diluted share, for the same quarter in 2004. The growth in net income and diluted earnings per share represented an increase of 28% over the comparable period last year.

For the nine months ended September 30, 2005, the Company reported net income of $3.7 million, or $1.49 per diluted share, compared with net income of $3.1 million, or $1.37 per diluted share, for the comparable period last year.

The Company's total assets ended the third quarter of 2005 at $628.9 million, an annualized increase of 15.6% over the $563.0 million in total assets recorded at December 31, 2004. Net loans and leases at September 30, 2005 were $501.5 million, up an annualized 9.0% over the $469.8 million in net loans at December 31, 2005.

Kilcoyne Joins First Business Bank Board

Sat, 19 Nov 2005 06:00:00 GMT

MADISON, September 19, 2005 - First Business Bank announced today that Jerry Kilcoyne, President of Top Promotions and Wisconsin Active Sportswear, has been elected to its Board of Directors.

Jerry started his career at Wisconsin & Southern Railroad and then with its parent Northbrook Corp. where he worked until 1990 as Controller and then Vice President in the mergers and acquisitions area. He then purchased the railroad freight car portion of that company, Northbrook Rail Corp., leasing rail cars and containers to end users in the grain, steel, aggregate, and coal industries. He sold Northbrook Rail Corp. in 1996 and moved back to Wisconsin. Jerry acquired a majority interest in Top Promotions in 1997 and purchased what is now Wisconsin Active Sportswear in 1998.

"We're very pleased to have Jerry join our Board," stated Michael Losenegger, President and COO of First Business Bank. "Jerry will make an excellent Board member as he brings with him a wealth of business expertise. We value his diverse business background as well as his entrepreneurial spirit."

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

First Business Bank goes public

Fri, 7 Oct 2005 05:00:00 GMT

When some companies go public they make a splash, but the local parent of First Business Bank is making the transition from being privately held without troubling the waters of the market...

First Business Financial Services, Inc. Announces NASDAQ Listing

Thu, 6 Oct 2005 05:00:00 GMT

MADISON, October 06, 2005 - First Business Financial Services, Inc., located at 401 Charmany Drive in Madison, WI, announced today that its common stock has been approved for listing on the NASDAQ National Market under the symbol FBIZ. Trading of First Business Financial Services, Inc. stock will begin on Friday, October 7, 2005.

Jerry Smith, CEO of First Business Financial Services, Inc. stated, "This is an exciting day for First Business. It is our belief that listing our common stock on a national market will make it easier for our shareholders to buy and sell our shares and enable future growth through greater access to capital. In addition, we believe a NASDAQ National Market listing will increase the visibility of First Business as we move forward."

Persons interested in trading shares of First Business Financial Services, Inc. can contact either their own broker or one of the following market makers: Keefe, Bruyette & Woods, Inc., 787 Seventh Ave, 4th FL, New York, NY 10019, (800) 342-5529; Ryan Beck & Company, Inc., 18 Columbia Turnpike, Florham Park, NJ 07932, (973) 549-4000; Sandler O?Neill & Partners, LP, 919 Third Avenue, 6th FL, New York, NY 10022, (212) 466-7800.

Smith continued, "Over the last fifteen years First Business has grown its assets to over $600 Million. The listing of our common stock is a continuation of that success story and will enable our company to continue to grow and serve our clients. We have established a statement of principles and beliefs that serve to remind us everyday of who we are and how we got here. Our vision of being the premier financial services provider in the markets we serve has never changed."

First Business Financial Services Elects Mark D. Bugher to Board of Directors

Fri, 22 Jul 2005 05:00:00 GMT

MADISON, July 22, 2005 - First Business Financial Services, Inc., located at 401 Charmany Drive in Madison, announced today that Mark D. Bugher has been elected to its Board of Directors.

He is Director of University Research Park, where he manages and directs all activities for the Park, a 255 acre research development owned and operated by the University of Wisconsin-Madison.

As the Director, he is also responsible for the management of a separately organized real estate development corporation. "We are very excited to have Mark joining our board," stated Jerry Smith, CEO of First Business Financial Services. "In addition to Mark's position with the University Research Park, he provides leadership for Madison Economic Development Commission, Greater Madison Chamber of Commerce, Wisconsin Technology Council and has been a strong voice promoting bio science growth in Wisconsin." Mark is a member of the Governor's Blue Ribbon Commission on State-Local Partnership. He chairs the Wisconsin Technology Council, and the Marshfield Clinic Advisory Board. He also serves on the Greater Madison Chamber of Commerce Board, Wisconsin Taxpayers Alliance Board, and the Madison Economic Development Commission. Mark was appointed Secretary of the Department of Administration in 1996 by Gov. Tommy Thompson. Prior to that, he was Secretary of the Department of Revenue.

Joel Redeker Joins First Business Leasing as President

Fri, 8 Jul 2005 05:00:00 GMT

MADISON and BROOKFIELD, July 8 , 2005 - First Business Leasing, with offices at 18500 W. Corporate Drive in Brookfield and 401 Charmany Drive in Madison, announced today that Joel Redeker has joined the equipment leasing firm as President.

Joel has over 20 years of experience in equipment leasing and financing. Prior to joining First Business Leasing, he was president and general manager of a captive leasing company for a leading equipment manufacturer in the plastics industry. Joel began his career with Associates Commercial in their Milwaukee office. He was with Heller Financial in Chicago for 11 years, in several credit and sales positions in equipment, vendor, and lease portfolio finance, until joining Fleet Capital in 1998 as a vice president in franchise finance. He received his BA in business and economics from Hope College, and his MBA in finance from DePaul University.

"I am delighted to join a dynamic group of financial professionals, who are uniquely focused on the specific needs of small to mid-sized businesses and their principals," stated Redeker. "I look forward to building upon the past successes of First Business Leasing by providing our clients with the highest levels of leasing expertise and responsiveness available."

About First Business Leasing First Business Leasing serves small and middle-market companies with customized leases to satisfy our clients? cash flow, tax planning, balance sheet management, and equipment needs. We offer a full array of leasing products including operating leases, capital leases, terminal rental adjustment clause (TRAC) leases, municipal leases, project leases, and vendor leasing programs.

First Business Announces Dividend Increase

Wed, 29 Jun 2005 05:00:00 GMT

MADISON, June 29, 2005 - First Business Financial Services, Inc., holding company of First Business Bank, announced an increase in the company's regular semi-annual cash dividend to 11.5 cents per share from 11 cents.
Shareholders of record on July 1, 2005 will receive the higher dividend on July 15, 2005.

About First Business Bank First Business Bank was the first bank in the Midwest to devote itself exclusively to serving businesses. We take an individual approach to your company's banking needs and pride ourselves on responsiveness. First Business Bank offers a full range of lending and cash management products, as well as innovative services such as no-cost courier deposit pick-up.

First Business Celebrates 15 Year Anniversary

Thu, 14 Apr 2005 05:00:00 GMT

MADISON, April 14, 2005 - This month, First Business Bank and First Business Financial Services are celebrating 15 years of serving the local business community. First Business Bank of Madison opened its doors on April 1, 1990 as one of the first Business Banks in the Midwest - only one of a handful in the country at that time. First Business Bank was the first to introduce business-focused services such as no-cost courier pick up, sweep accounts, and indexed money market accounts to local businesses and business executives. First Business has expanded over the past 15 years. In 1995, First Business Capital Corp., an asset-based lending company, was formed. First Business Leasing was formed in 1998, and First Business Trust & Investments in 2001. First Business Bank - Milwaukee opened in Brookfield in 2000. In 2004, First Business Financial Services, the parent company of the First Business family of companies, announced its intentions to go public. "When we founded First Business, we sought to provide a higher level of personal service. To do this we built a corporate culture based on respect, open communications, and a strong work ethic. We wanted clients and staff to be proud to tell people they bank at or work at First Business," stated Jerry Smith. "I'm pleased to say, this is still our foundation today." Smith was one of the original founders of First Business Bank, served as First Business Bank President and CEO from 1990 to 1999, and is currently the Chief Executive Officer of First Business Financial Services.

About First Business Bank First Business Bank was the first bank in the Midwest to devote itself exclusively to serving businesses. We take an individual approach to your company's banking needs and pride ourselves on responsiveness. First Business Bank offers a full range of lending and cash management products, as well as innovative services such as no-cost courier deposit pick-up.

First Business Financial Services Promotes Chambas, First Business Bank Promotes Losenegger

Wed, 2 Mar 2005 06:00:00 GMT

MADISON, March 2, 2005 - First Business Financial Services and First Business Bank are pleased to announce the following promotions.

The First Business Financial Services, Inc. Board of Directors has elected Corey Chambas President and Chief Operating Officer of First Business Financial Services, Inc. Corey will continue to serve as Chief Executive Officer of First Business Bank of Madison.

The First Business Bank of Madison Board of Directors has elected Michael Losenegger President and Director of First Business Bank of Madison. He also functions as Chief Operating Officer of the bank, a position he will continue to hold.

Jerry Smith will continue in his role as Chief Executive Officer of First Business Financial Services, Inc.

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans, investment management services, trustee services, asset-based lending, and equipment leasing.

Bank goes quietly onto Nasdaq

Tue, 11 Jan 2005 06:00:00 GMT

First Business Financial Services, which registered as a public company with federal regulators this year, began trading its stock on Oct. 7 on the Nasdaq National Market under the ticker FBIZ as Madison's second publicly traded financial institution...

First Business Financial Services, Inc. Announces 3rd Quarter Results

Tue, 23 Nov 2004 06:00:00 GMT

MADISON, November 23, 2004 - First Business Financial Services, Inc., holding company of First Business Bank, announced 3rd quarter results for 2004.

First Business Financial Services reported net income of $2.8 million for the third quarter of 2004, as compared to $3.0 million for the 3rd quarter ended September 30, 2003. Fully diluted earnings per share for the third quarter of 2004 was $1.15. This compares to $1.43 for the same period in 2003. Total assets for the company on September 30, 2004 were $557.1 million, an increase of 8.3% or $43.0 million from September 30, 2003. Return on average assets for this period was .70%. Return on average equity was 12.34%.

First Business Financial Services, Inc. Announces 2004 Milestones and Plans for Future Growth

Thu, 11 Nov 2004 06:00:00 GMT

MADISON, August 11, 2004 - First Business Financial Services, Inc. announced plans to file as a public company with the Securities and Exchange Commission.

In addition, the company reported net income of $1.9 Million for the first half of 2004. This was an increase of $67 Thousand over earnings reported as of June 30, 2003. Fully diluted earnings per share for the first half of 2004 was $0.78. The comparable period for 2003 showed earnings per share of $0.86. Total assets for the company on June 30 were $541.3 Million, an increase of 7% or $34.7 Million from June 30, 2003. ROA for this period was .72%. ROE was 13.2%.

As released in June, the Board of Directors of First Business Financial Services, Inc. declared a semiannual dividend of $.10 per share to shareholders of record on July 1, 2004, payable on July 15, 2004. First Business Financial Services, Inc. shareholders received a total of $.20 per share in 2004, a 33% increase over prior years' annual dividends.

These milestones and plans for future growth were discussed at the company's annual shareholder meeting, which was held Monday, August 9th at Bishops Bay Country Club.

First Business Bank Elects Ralph Kauten to Board of Directors

Wed, 7 Jul 2004 05:00:00 GMT

MADISON, July 7, 2004 - First Business Bank announced today that Ralph Kauten has been elected to its Board of Directors. Ralph Kauten is President and CEO of Quintessence Biosciences, Inc., and a former faculty member of UW - Whitewater.

"I am very pleased to be joining a team of first class business and financial people who have done so much to help build the local business community," stated Kauten. "The First Business Bank vision created in 1990 has proven to be on target then, and continues to be on target today."

Ralph has been involved in several start-up bio tech businesses. He co-founded and managed PanVera Corporation, which grew from a start-up in 1992 to a highly profitable drug discovery company with $20 million in revenue. He was recognized by Ernst & Young as Entrepreneur of the Year for his role at PanVera. In addition, Mr. Kauten was a key player in the founding and management of Promega Corporation. Beginning in 1979, he provided leadership in crafting the financing and business strategies that have made Promega a company that currently employs over 700 people and has annual revenue in excess of $150 million

"We are extremely excited that Ralph is joining our board," stated Corey Chambas, President and CEO of First Business Bank. "He brings a rare combination of success with several bio tech companies and a financial background. That experience and Ralph's entrepreneurial approach to building businesses make him a great fit with First Business Bank."

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

First Business Financial Services, Inc. Shareholders Experience 33% Dividend Increase in 2004

Wed, 30 Jun 2004 05:00:00 GMT

MADISON, June 30, 2004 - The Board of Directors of First Business Financial Services, Inc. declared a semiannual dividend of $.10 per share to shareholders of record on July 1, 2004, payable on July 15, 2004. First Business Financial Services shareholders will receive a total of $.20 per share in 2004, a 33% increase over prior years' annual dividends.

First Business Financial Services, Inc. Reports Year End Earnings

Thu, 25 Mar 2004 06:00:00 GMT

MADISON, March 25, 2004 - First Business Financial Services, Inc. reported earnings of $1.97 per diluted share for the year ended December 31, 2003 as compared to $0.50 per diluted share in 2002, an increase of 294 percent. Net Income for 2003 was $4.1 million compared to $1.1 million for 2002. Total assets for the company on December 31, 2003 were $518.8 million, an increase of 8.1 percent or $38.7 million.

Return on average assets (ROA) and return on average equity (ROE) for the year ended December 31, 2003 were 0.83 percent and 17.07 percent, respectively. This compares to an ROA of 0.24 percent and an ROE of 4.34 percent in 2002.

Loaning Money to Employees: Is It a Good Employee Benefit?

Mon, 1 Mar 2004 06:00:00 GMT

Do your employees reap the benefits of a loan program? Some companies find that offering low or no-interest loans is a surefire way to reward people and create a buzz...

First Business Bank Ranks High in National List of Top Community Banks

Thu, 29 Jan 2004 06:00:00 GMT

MADISON, January 29, 2004 - First Business Bank was recognized as one of the top 100 community banks nationally by American Banker in January's "Community Banks with Largest Commercial and Industrial Loan Portfolios" report.

The study was performed by Sheshunoff Information Services, a division of Thomson Corp. All banks were ranked by commercial and industrial loan amounts outstanding on September 30, 2003. Only three other Wisconsin community banks made the top 100 list. First Business Bank was the only Madison area bank to receive this recognition.

"We are honored to be recognized among top national community banks by American Banker," stated Corey Chambas, President and CEO of First Business Bank. "In today's era of megabanks and nationwide branching, business people find increased value in local, accessible customer service and the individual attention they receive at community banks."

About American Banker American Banker has provided vital information to banking and financial services professionals for more than 165 years. With a staff of more than 70 reporters and editors, located in six cities, American Banker is dedicated to providing information available nowhere else. Since 1980, American Banker has taken home more than 20 editorial prizes, including the Loeb Award for Distinguished Business & Financial Journalism; the Polk Award; the American Society of Business Press Editors' National Journalism Award; the PRSA Award for Excellence in Technology Journalism; and The Jesse H. Neal Award for Best News Coverage in 2000.

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

Jan Eddy Named Chairperson of the Board of First Business Bank

Fri, 16 Jan 2004 06:00:00 GMT

MADISON, January 16, 2004 - First Business Bank announced today that Jan Eddy has been elected Chairperson of the Board. She is President and CEO of Wingra Technologies and currently serves on First Business Financial Services' Board of Directors.

Eddy has deep roots in the local business community. Besides her current role as President and CEO of Wingra Technologies, she has served as President, CEO and Chairman of Office Solutions Incorporated; Application Development Manager of Lands' End Direct Merchants; and Systems Analyst, Project Leader, and Programmer for the State of Wisconsin.

In addition to her newly elected role, Jan serves as Director of First Business Financial Services, Inc., DEMCO, and FirstLogic. She is on the Board of Directors of the Wisconsin Technology Council, and Meriter Retirement Services, and is an Advisory Board Member for the Weinert Applied Ventures in Entrepreneurship Program of UW-Madison and the Dane County Economic Strategies Group.

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

Want to Find Out What Employees Really Think? Third-Party Surveys Are the Way to Go

Wed, 7 Jan 2004 06:00:00 GMT

Want to know what "hot buttons" employees are talking about over lunch? Or why you're not attracting the caliber of employees you want and expect? Then consider conducting employee surveys to better grow your operation...

At Sun Prairie Rotary Club - First Business Bank gives strategic planning tips

Thu, 1 Jan 2004 06:00:00 GMT

Success just doesn‟t happen, you plan for it. Recently, members of Sun Prairie Rotary learned about strategies for success...

First Business Trust & Investments Names Dave Shaw as Vice President

Mon, 22 Dec 2003 06:00:00 GMT

MADISON, December 22, 2003 - First Business Trust & Investments, a division of First Business Bank, is pleased to announce Dave Shaw has joined the staff as Vice President.
Shaw has more than 10 years experience in personal financial services. Prior to joining First Business, he was Vice President of Investments at Merrill Lynch. He also spent 9 years with Alliant Energy of Madison in various executive capacities.

Shaw is an active community member, serving not for profit organizations in numerous leadership positions. He is very involved in youth sports programs, acting as a volunteer coach as well as officiating basketball for the NCAA and the WIAA for more than 20 years.

"I am very excited to join the First Business team," stated Shaw. "The financial and wealth management services they provide are of the highest quality and their focus on meeting client long term needs is second to none."

"Dave brings to First Business Trust & Investments great knowledge and experience in serving client's investment needs," stated Joan Burke, President. "He is a person of integrity, who is highly thought of within the community. We are pleased to have Dave join us."

About First Business Trust and Investment Services First Business Trust & Investments, a division of First Business Bank, serves the trust and investment needs of businesses, not for profit organizations, and individuals, offering a full line of products and services including qualified retirements plans, investment management services, and full trustee services.

First Business Bank President & CEO Named 2003 'Rising Star' by North*Western Financial Review

Thu, 18 Dec 2003 06:00:00 GMT

MADISON, December 18, 2003 - First Business Financial Services, Inc. is proud to announce that Corey Chambas, President and CEO of First Business Bank, has been presented with the 2003 'Rising Star' award by North*Western Financial Review in recognition for his outstanding industry accomplishments and community involvement.

Chambas has worked in the commercial banking industry for 16 years, specializing in cash management and commercial lending. A graduate from the University of Wisconsin, he has also completed several advanced commercial lending programs including those of Darden (University of Virginia) and Kellogg (Northwestern University). In addition to his role as President and CEO at First Business Bank, Corey serves as the Executive Vice President of First Business Financial Services, Inc., a director of First Business Bank, a director of First Business Capital Corp., a board member and treasurer of Independent Living, Inc., the treasurer of the Madison Area Youth Soccer Association, the vice chair of the New Accounts Division of the United Way Campaign Cabinet, a member of Madison Breakfast Rotary, a member of the College Readiness 21 Taskforce for the Wisconsin Foundation for Independent Colleges, and a foundation board member for Dane County Transition Schools.

One of seven bankers honored with this award, Corey was the sole recipient in the state of Wisconsin. Other winners included: Pete Jahner of Kirkwood Bank and Trust, Bismark, ND; Stephen Daggett of Midwest Bank, Detroit Lakes, MN; John DeDoncker of The National Bank, Bettendorf, IA; Greg Ohlendorf of First Community Bank & Trust, Beecher, Illinois; Vicki Kraai of Sutton State Bank, Sutton, Nebraska; and Rod Lasley of North Salem State Bank, Salem, Indiana. Winners shared tremendous accomplishments at their local banks and a record of exceptional community service.

"I am honored to receive such an award," stated Chambas. "I am fortunate that I have been able to work at a unique, business-focused bank, with a dedicated team of people who create success by bringing real expertise to our clients."

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

First Business Financial Services Elects Jan Eddy to Board of Directors

Wed, 3 Dec 2003 06:00:00 GMT

MADISON, December 03, 2003 - First Business Financial Services, Inc. announced today that Jan Eddy has been elected to its Board of Directors. She is President and CEO of Wingra Technologies and currently serves on the board of First Business Bank.

"I am very excited to have Jan join the First Business Financial Services board," stated Jerry Smith, President and CEO of First Business Financial Services. "I have had the pleasure of serving with her on the bank's board and have been very impressed with her tremendous insight and ability to leverage from her remarkable business experience. There is no doubt in my mind that the bank has greatly benefited from her involvement, and I look forward to her forthcoming contributions to the parent company, First Business Financial Services."

Eddy has deep roots in the local business community. Besides her current role as President and CEO of Wingra Technologies, she has served as President, CEO and Chairman of Office Solutions Incorporated; Application Development Manager of Lands' End Direct Merchants; and Systems Analyst, Project Leader, and Programmer for the State of Wisconsin.

In addition to her newly elected role on the board of First Business Financial Services, Jan serves as a Director of First Business Bank, DEMCO, and FirstLogic. She is on the Board of Directors of the Wisconsin Technology Council and Meriter Retirement Services, and is an Advisory Board Member for the Weinert Applied Ventures in Entrepreneurship Program of UW-Madison and the Dane County Economic Strategies Group.

Jan's growing role in the business community parallels industry trends. According to a 2001 Census of Women Board Directors performed by Catalyst, the number of female board members in Fortune 500 companies is 12.4%, compared to just 8.3% in 1993. The study also noted that smaller companies have a lesser gender representation. Women hold only 8.9% of board seats in Fortune 501-1000 companies. These percentages will likely rise as proactive organizations team up with accomplished businesswomen like Ms. Eddy.

"I accepted the invitation to join the First Business Financial Services board first and foremost because I believe I can leverage my business expertise to make strategic level contributions," stated Eddy. "The fact that I'm a woman provides additional benefits to the extent that good corporate governance requires representation from all stakeholders - owners, customers, employees and the local communities in which First Business Financial Services operates. Women are a significant component of each of these categories and deserve representation at the board level."

First Business Financial Services, Inc. Announces 2003 YTD Earnings

Fri, 21 Nov 2003 06:00:00 GMT

MADISON, November 21, 2003 - First Business Financial Services, Inc. announced today a reported net income of $2.973 Million for the three quarters ending September 30, 2003. This was an increase of $2.4 Million over earnings reported as of September 30, 2002.

Fully diluted earnings per share on September 30 were $1.43. The comparable period for 2002 showed earnings per share of $.27. Total assets for the company on September 30 were $514 Million, an increase of 7.5% or $36 Million from September 30, 2002.

ROA for the period was .8%. ROE was 16.2%.

First Business Bank Offers Increased CD Insurance for Businesses

Wed, 22 Oct 2003 05:00:00 GMT

MADISON, October 22, 2003 -First Business Bank, a subsidiary of First Business Financial Services, Inc., announced today its participation in the Certificate of Deposit Account Registry Service (CDARS), providing local businesses and business owners further insurance and safety measures on large Certificate of Deposits (CDs).

Until now, CDs, a popular choice for investors looking to capture extra income in this extremely low interest rate environment, were FDIC-insured to a maximum value of $100,000 per customer per financial institution. Many businesses and private investors looking to invest a greater amount were forced to open multiple CDs capped at $100,000 at multiple financial institutions.

Many inconveniences followed as investors were forced to seek out several financial institutions, give private and detailed information to each, administer separate relationships with each, consolidate separate investment documentation from each, and manage the corresponding tax documents.

Through participation with CDARS, First Business Bank can now offer FDIC insurance for Certificate of Deposits up to $1 million or more. How it works is, a customer places the money with First Business Bank, and then First Business Bank places the money through a network of other banks also participating in the program. The customer is alleviated of any inconvenience, and simply gains the benefits investors have always gained through CDs.

"We're excited about the opportunities created by CDARS. It enables our customers to manage all of their CD investments through one relationship and work with the people they know and trust," stated Corey Chambas, President and CEO, "They receive a single, consolidated, monthly statement summarizing deposits, and at the end of the year receive only one 1099, making tax preparation simpler."

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing. For additional information, call 608-238-8008 or visit www.fbbmadison.com.

UW Credit Union and First Business Bank Partner to Offer Trust Services

Thu, 1 May 2003 05:00:00 GMT

MADISON, May 2003 - UW Credit Union and First Business Trust & Investments, a division of First Business Bank, have joined together to offer trust and investment services to credit union members. First Business Bank has received permission from the regulatory authorities to open a limited service branch in the UW Credit Union building located at 3500 University Avenue in Madison. The UW Credit Union, in response to members' requests, is now able to offer sophisticated investment, trust, and estate planning and settlement services. The Wisconsin Department of Financial Institution's recent approval of the branch office at the credit union location is the first of its kind in the state, and possibly the first in the country.

Maggie Hertz, UW Credit Union President & CEO, notes, "We share a common mission: to help our members succeed by providing a full complement of trust and investment services to help them achieve their financial goals. Few credit unions anywhere offer this level of trust and asset management capability."

Joan Burke, President, First Business Trust & Investments, says, "We're pleased to have the opportunity to partner with the UW Credit Union and serve their membership by offering responsive and unbiased solutions to meet their needs. Our full trust service offerings, and non-proprietary approach to investment management, were key requirements in the credit union's discussion with us."

Ms. Hertz continues, "We were searching for a high quality service provider and business partner. First Business Bank has the experienced trust staff and the reputation for high quality service we were looking for. They are a good fit because we don't compete for business and they understand our culture because a large percentage of their customers are nonprofit organizations.
We're excited that UW Credit Union members can now have their trusts and estates managed by some of the most successful professionals in the business."

Founded on September 29, 1931, UW Credit Union (www.uwcu.org) offers an array of financial services including mortgages, investment products, checking, savings, and consumer loans. Convenience services such as Web Branch, Touch Tone Teller automated phone service, direct deposit, automatic transfers, and ATMs allow members to access their accounts from almost anywhere in the world. UW Credit Union, as a cooperative, not-for-profit financial institution, is the second largest credit union in Wisconsin, with combined assets totaling more than $650 million and serving more than 90,000 members. Headquartered in Madison, Wisconsin, UW Credit Union has six locations in the Madison area, as well as branches in Milwaukee, Green Bay, and Whitewater.

About First Business Bank First Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing. For additional information, call 608-238-8008 or visit www.fbbmadison.com.

About First Business Trust and Investment Services First Business Trust & Investments, a division of First Business Bank, serves the trust and investment needs of businesses, not for profit organizations, and individuals, offering a full line of products and services including qualified retirements plans, investment management services, and full trustee services.

First Business Bank Receives First Place Recognition

Sun, 1 Dec 2002 06:00:00 GMT

MADISON - December 2002 - First Business Bank receives first place recognition within the banking category of In Business's second annual Executive Consumer Choice Awards. In Business polled members of their Executive Register about consumer preferences. Their input was solicited at In Business's Extreme Networking event held in October and through follow-up emails.

"Winners in each category have at least one thing in common: their products and services may be enough to get people in the door, but their customer service practices are a vital part of generating repeat customer traffic."

About First Business BankFirst Business Bank was established by business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of deposit and loan products for businesses and business owners, including cash management products, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and leasing.

First Business Bank Has Surpassed $400,000,000 in Total Assets

Thu, 31 Oct 2002 06:00:00 GMT

MADISON, October, 2002 - First Business Bank has surpassed $400,000,000 in total assets. This milestone now makes First Business Bank the largest Dane County headquartered bank. Corey Chambas, President of First Business Bank, recently commented this milestone is due to, "Our continued focus on the local business community and the commitment of our employees to provide the highest level of services has helped make First Business Bank the preferred provider of financial services to many local businesses." Corey also said, "Many thanks to all of our clients for allowing us the opportunity to help you meet your goals.

Corey Chambas elected Executive Vice President of First Business Financial Services, Inc.

Mon, 1 Jul 2002 05:00:00 GMT

MADISON, July 2002 - Corey Chambas, President and CEO of First Business Bank, has been elected Executive Vice President of First Business Financial Services, Inc. and to its Board of Directors. In addition to his new responsibilities, he will continue as the President-CEO of First Business Bank. First Business Financial Services, Inc. is a $450 million locally owned independent bank holding company that specializes in providing banking and financial services for businesses and business people.

First Madison Capital Corp. Has Changed Their Name To First Business Capital Corp.

Fri, 1 Mar 2002 06:00:00 GMT

MADISON - March 2002 - In order to take advantage of the strong franchise created by our "brand name," First Business, we have decided to change the name of the company to First Business Capital Corp. We feel that it will enhance our ability to market our services throughout the greater Midwest using the recognition accorded to the First Business name.

About First Business Capital Corp First Business Capital Corp., a leading commercial finance company (a non-bank lender) specializing in asset-based lending primarily to manufacturers and wholesale distribution companies located throughout the U.S., provides asset-based loans of $500,000 to $5,000,000 for: financial and strategic acquisitions, LBO's and MBO's; rapid growth financing; debt restructuring and recapitalization; bank debt refinancing; turnaround financing; and DIP and confirmation financing.