First Business Newsroom

FBIZ: Fourth Quarter Preview - Outperform

Fri, 27 Jan 2012 06:00:00 GMT

First Business Financial Services, Inc. (FBIZ) is expected to report fourth quarter and full-year results in mid-March, as it typically does. We are maintaining our revised diluted EPS estimates of $2.90 for 2011 and $3.40 for 2012. In addition, we are continuing our Outperform recommendation on FBIZ, with our twelve-month target price at $19.00, which compares to the Company's current stock price of $15.88.

First Business Financial Services, Inc. Promotes Cindy Meinholz

Thu, 12 Jan 2012 06:00:00 GMT

MADISON, WI, January 12, 2012 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Cindy Meinholz has been promoted to Senior Project & Services Specialist Officer.

Cindy joined First Business in 1999, and joined the Client Support team in 2008. She has been very instrumental in the continued advances of the Client Support Department, in particular by managing many deposit and treasury management projects, implementing new products, and servicing our clients - both internally and externally. Cindy is a graduate of the University of Wisconsin -Whitewater with a Bachelor of Business Administration degree in Finance.

Wisconsin stocks struggle in 2011, but three Madison companies were among the top 10 gainers

Tue, 10 Jan 2012 06:00:00 GMT

With the U.S. economy still struggling through a slow recovery and the European Union fighting for economic stability, 2011 was a turbulent year for the market, and Wisconsin stocks reflected that.

Of the 65 publicly traded companies in Wisconsin, 23 of them, or 34 percent, ended the year with their shares trading higher. That's the worst showing since 2008, when only seven had gains.

Calculated together, the stocks in Bloomberg's Wisconsin index fell 11 percent.

"I would have to look at this as a disappointing year," said Todd Parrish, an analyst with Robert W. Baird & Co., Milwaukee. "If this was a mutual fund that you bought, it would be a pretty bad performance."

In nationwide indices, the Dow Jones industrial average was up 5.5 percent for the year but the Nasdaq composite index dipped 1.8 percent and the Standard & Poor's 500 index ended 2011 at about the same point it started, off 0.04 point.

Among Wisconsin stocks, three Madison companies were among the top 10 gainers:

* Exact Sciences Corp. shares ended at $8.12, up from $5.98. The 35.8 percent gain was the second biggest increase. The biotech company is working on a noninvasive test for colorectal cancer.

* First Business Financial Services, parent company of First Business Bank, saw its stock rise to $16.50 from $12.79, up 29 percent.

* Alliant Energy Corp. shares closed the year at $44.11, up from $36.77, a 20 percent rise.

First Business Bank-Milwaukee Hires Rick Krauthoefer

Wed, 4 Jan 2012 06:00:00 GMT

MILWAUKEE, WI, January 4, 2012 - First Business Bank-Milwaukee announced today that Rick Krauthoefer has been hired as Vice President - Commercial Lending. First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Rick comes to First Business with 30 years of middle market banking experience. Prior to joining First Business, Rick was Vice President at TCF Bank, American National Bank/Bank One, and M&I Bank. Rick took several MBA classes from Xavier University and earned a bachelor's degree in Political Science from Miami University.

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.

Area businesses optimistic about 2012

Sun, 1 Jan 2012 06:00:00 GMT

The Great Recession was officially over in mid-2009, but its trailing effects, as well as political instability, continue to haunt the economy.

There are signs, however, that the situation has improved and will continue to do so through 2012.

For example, the Association for Manufacturing Technology reports that U.S. manufacturing technology orders in 2011 were 80.5 percent higher than in 2010 and are the second-highest in dollar amount in the last 15 years. As of October, orders exceeded all of 2007, the end of which saw the beginning of the recession.

Statistics such as those resonate in Wisconsin, which vies with Indiana as the nation's largest manufacturing state, and in Northeastern Wisconsin, the state's second-largest manufacturing region.

The association reported orders to Midwestern companies were 105 percent higher than in 2010.

Higher sales tax collections for 2011 was another indication of improvement. According to the state Department of Revenue, collections in Brown County were 6.27 percent higher in 2011 than 2010. That was the most in 11 years, excluding 2008, the last time the Green Bay Packers hosted two NFL playoff games at Lambeau Field.

"A lot of businesses we talk to are feeling pretty confident. Orders are up," said Gregory Flisram, economic development director for Green Bay. "A lot of mainline companies are looking to do expansions in place. Some who are leasing properties are looking to acquire."

According to the First Business Economic Survey, conducted by First Business Bank, businesses in Northeastern Wisconsin are the most optimistic about 2012, with 75 percent expecting better performance this year.

Commentary: Happy Optimistic New Year!

Fri, 30 Dec 2011 06:00:00 GMT

The "Big Idea" for 2012 clangs from social media sites and media pundits. We need optimism. We need to go back to the nation of "Yes, we can!"

This isn't an ad for Obama. It is, however, a call to retire a well-worn 2011 phrase: "cautiously optimistic." We have too many signs in Madison that we may be talking ourselves into a bad 2012 when the future looks bright. Here's the antidote: Grab your business owner of choice at midnight Dec. 31, give him and her a big wet kiss and tell them it's time to invest in optimism.

"Suddenly, positive signs abound," a Wisconsin State Journal headline trumpeted on Dec. 22. The next day, its business page announced "Unemployment figures signal further recovery."

Yet, earlier in December, the annual First Business Bank Economic Forum released some disturbing news. About 30 percent of Dane County businesses predict they will perform worse in 2012 than in 2011. This represents even less optimism than in 2011. That phrase "cautiously optimistic" kept being repeated throughout the presentation. (In full disclosure, this event was covered by Channel 3000 although that's not why I attended and not why I am writing this column.) The report was conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business and chartered by First Business Bank, with its Madison HQ just off Mineral Point Road at Research Park.

First Business Trust & Investments Hires Katrina Lease

Thu, 29 Dec 2011 06:00:00 GMT

Madison, WI, December 29, 2011 - First Business Trust & Investments announced today that Katrina Lease has been hired as Trust Operations Associate. First Business Trust & Investments is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Katrina will provide support in the client services and operations area. She will also contribute to the department's record retention procession and administration. Katrina is a recent graduate of Seattle University, where she earned a Bachelors of Business Administration degree in Finance.

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. Announces Funded Deals

Thu, 22 Dec 2011 06:00:00 GMT

MADISON, WI, December 22, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $4.4 million revolving line of credit, equipment term loan, and overadvance term loan to a Kansas laminated wood panels manufacturer and a $4.5 million revolving line of credit and CapX line of credit to a Michigan commercial trucking company. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

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.

First Business Economic Survey Reveals all Three Regions of the State Show Similar Trends

Fri, 16 Dec 2011 06:00:00 GMT

View full report.

(MADISON, WI) -December 16, 2011 - Wisconsin businesses reported increased sales in 2011, with 45 percent of firms in the state showing an increase, according to The First Business Economic Survey for Dane, Milwaukee/Waukesha and the Northeast region of Wisconsin. Overall, businesses are reporting similar trends in 2011 when compared to 2010.

The Northeast region of the state continues trends from 2010 performing slightly better than Dane, Milwaukee and Waukesha Counties. The Northeast region had the highest percentage of firms reporting an increase in sales revenue, profitability, employment, wages and pricing compared to Dane and Milwaukee/Waukesha businesses. The region also projected increased capital expenditures in 2012, 42 percent of New North firms, compared to 31 percent of Dane County firms and 33 percent of Milwaukee/Waukesha businesses.

"In Northeast Wisconsin, results were led by increases in sale, profitability and employment numbers," says Mickey Noone, President of First Business Bank - Northeast. "Manufacturing continues to be the driver in the Northeast and although indications are a steady improvement, there is still caution as we move into 2012."

The Northeast region appears the most optimistic regarding projections for 2012, with 75 percent of firms projecting to perform better in 2012. In terms of employment numbers, more than 40 percent of businesses in all regions noted they are not hiring. Those firms that are hiring claim the greatest demand is for tech school graduates.

"The labor issue is especially pronounced in Milwaukee and Waukesha Counties," says Dave Vetta, President and CEO of First Business Bank - Milwaukee. "There seems to be a real disconnect between the positions available and the applicants to fill those positions. This will be a challenge moving forward."

The First Business Economic Survey for Dane County, Milwaukee/Waukesha Counties, and the Northeast region of the state 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. Results for each region were released earlier this month. The report released today looks at the state as a whole to compare economic realities across regions.

Additional survey findings include:
* Overall, almost half of businesses in each region reported increased sales revenue in 2011.
* Northeast Wisconsin firms expect increased revenues to continue, with 65 percent of businesses forecasting increasing revenue.
* Forty-five percent of firms in the Northeast reported increased profitability in 2011, with Dane County firms reporting a 36 percent increase and 37 percent of businesses in Milwaukee/Waukesha reporting an increase.
* Businesses in all regions reported increased operating costs in 2011.
* Operating cost increases for Dane County businesses were lower than those in Milwaukee/Waukesha and the Northeast.
* Dane County and Milwaukee/Waukesha businesses capital expenditures to level off in 2012. However, Northeast firms expect increased capital expenditures in 2012; 42 percent compared to 31 percent of Dane County firms and 33 percent of Milwaukee/Waukesha businesses.
* The majority of businesses across all three regions held staffing levels constant in 2012.
* Wages in all three regions remained fairly constant in 2011. Fifty-six percent of Northeast businesses project increased wages for 2012 compared to 47 percent of Dane County firms and 48 percent of businesses in Milwaukee/Waukesha.
* Businesses in Northeast Wisconsin performed best against their expectations with 27 percent exceeding expectations compared to 17 percent of Dane County businesses and 16 percent of Milwaukee/Waukesha firms.
* Domestic sales shortfall was a top reason given for low performance in 2011 across all regions.
* In Milwaukee/Waukesha Counties and Northeast Wisconsin, high operating costs and rising gas prices were cited as reasons for low performance. Staffing issues and a slowdown in the housing market were noted in Dane County.

"Dane County businesses certainly have seen challenges in the last several years," noted Mark Meloy, President & CEO of First Business Bank - Madison. "And although down from prior years, 67 percent of Dane County firms are expecting better business performance next year. Their resilience and perseverance will likely serve them well."

The First Business Economic Survey is an annual project sponsored by First Business Bank. The survey is administered by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin, and mailed to business owners, CEOs, and CFOs at companies with five or more employees in three major business regions in Wisconsin: Dane County, Milwaukee and Waukesha Counties combined, and the 18 counties that make up Northeast Wisconsin. The survey asks respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators: sales revenue, operating costs, capital expenditures, profitability, staffing, wages, pricing, and operating capacity. The local results are presented at Economic Forums each December.

"Overall, Wisconsin is faring relatively well in these uncertain economic times," says Corey Chambas, President & CEO of First Business Financial Services, the Wisconsin-based holding company for the First Business Banks. "2011 continued to provide challenges for Wisconsin businesses; however there are signs that Wisconsin businesses are not only surviving, but improving. The Northeast continues to lead the way with a strong manufacturing base and firms in Dane County and Milwaukee and Waukesha Counties are showing steady improvements in virtually every economic indicator."

First Business Bank has been conducting the economic survey of Dane County for the past nine years. The survey was based on the responses of 337 Dane County businesses across the county. First Business Bank has been conducting the economic survey of Northeast Wisconsin for four years. The survey was based on the responses of 386 Northeast Wisconsin businesses across the Northeast region. This is the fourth year First Business has been conducted the economic survey of Milwaukee and Waukesha Counties. The survey was based on the responses of 500 Milwaukee and Waukesha County businesses across the two counties. The sample size has an error range of 5 percent and a confidence level of 95 percent. View the full report by clicking on this link.

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 in Madison, 262-792-1400 in Milwaukee, or 920-734-1800 in Northeast Wisconsin.

First Business Economic Survey of Northeast Wisconsin

Thu, 15 Dec 2011 06:00:00 GMT

Operating Costs and Pricing biggest changes in 2011

View full report.

View photos of the First Business Economic Forum of Northeast Wisconsin.

(APPLETON, WI) - December 15, 2011 - Northeast Wisconsin Businesses saw modest improvements in sales revenue and profitability in 2011, 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 and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, Insight Publications, and NorthStar Economics showed the biggest changes came in operating costs and pricing.

Key Findings for 2011:
* A record high of 56 percent of businesses reported increased sales revenue for 2011 compared to 51 percent for 2010.
* Additionally, significantly more businesses reported 10 percent or higher increases for 2011.
* About 45 percent of businesses reported increased profitability for 2011, but a similar number, 40 percent, reported decreased profitability.
* Although not statistically significant, businesses in Northeast Wisconsin experienced higher operating costs as a percentage of revenue in 2011.
* Approximately 60 percent of businesses are projecting between 0 and 6 percent increase in operating costs as a percentage of revenue for 2012.
* Overall, businesses in the Northeast did not report a significant change in their capital expenditures in 2011.
* Employee numbers remained stable for Northeast businesses in 2011, with a slight increase in firms reporting an increase in number of employees.
* Fifty-six percent of businesses reported increased wages in 2011; however this was not a significant change from 2010.
* Businesses are utilizing a lower percentage of capacity in 2011 compared to 2010. Eighteen percent of firms are at 90 percent capacity of higher, compared to 37 percent in 2010.
* Overall, 41 percent of businesses reported that they are not currently hiring.
* Of the businesses that are hiring, 38 percent said they are not experiencing a shortage of candidates.

"Moderate growth in the Northeast is a good thing," says David Ward, CEO of NorthStar Economics. "Businesses are making steady progress in reaching pre-recession volume and profitability."

Another key economic indicator, number of employees, increased significantly in 2011 with 37 percent of firms projecting increased employment numbers in 2012. Additionally, 64 percent of firms are expecting increased wages in 2012.

While major indicators are steady, 41 percent of Northeast Wisconsin businesses did not meet their self-imposed expectations for 2011. Ward says businesses are experiencing the impact of rising fuel prices and higher operating costs.

Despite the flat economic indicators, Northeast Wisconsin businesses continue to project revenue and profitability increases for 2012.

"Business expectations are not strikingly better than last year," says Mickey Noone, President - Northeast Region of First Business Bank. "But businesses in the New North continue to project positive growth for 2012, a sign that they continue to persevere in today's uncertain economic climate."

Each year the survey asks a current event question. In 2011, the question addressed the needs of businesses in regard to employment applicants. Of the businesses that are hiring, forty-one percent are not seeing a shortage of applicants. The biggest shortage of candidates came with 32 percent of businesses experiencing a shortage of technical school graduates.

"Surfacing qualified candidates, particularly technical school graduates in the manufacturing sector, may be the region's biggest challenge moving forward," adds Noone.

First Business Bank has been conducting the economic survey of Northwest Wisconsin for the past three years. The survey was based on the responses of 386 businesses across the county. The sample size has an error range of 5 percent and a confidence level of 95 percent. Full survey results are available by clicking here.

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.

View full report.

2011 First Business Economic Results for Milwaukee & Waukesha Counties

Fri, 9 Dec 2011 06:00:00 GMT

MANUFACTURING DRIVING IMPROVEMENTS IN 2011 FIRST BUSINESS ECONOMIC SURVEY OF MILWAUKEE-WAUKESHA COUNTIES

Other Indicators Show Upward Trends

See full report.

View photos of the First Business Economic Forum of Milwaukee & Waukesha Counties.

(BROOKFIELD, WI) - December 13, 2011 - Milwaukee and Waukesha County businesses saw similar performance in 2011 compared to last year; however the manufacturing sector saw the greatest improvement, 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, manufacturing reported the greatest percentage of firms with increased profitability, with more than 53 percent reporting increases in 2011, compared to between 29-36 percent of businesses in other sectors.

Executive Summary:

Key Findings for 2011:
* Businesses did not report a significant difference in sales revenues compared to 2010, however nearly half of businesses did report an increase in sales revenue.
* Fifty-three percent of manufacturers reported increased profitability in 2011.
* More businesses reported a 1-3 percent decrease in profitability and fewer reported a 10 percent or more decrease in profitability.
* Businesses did not report any significant changes in operating costs as a percentage of revenue, however 75 percent of retail businesses and 69 percent of manufacturing firms reported increased operating costs.
* Almost half of businesses reported unchanged capital expenditure in 2011.
* The percentage of businesses reporting decreased employee numbers significantly declined to 19 percent, the lowest in the survey's history.
* A significant number of firms reported increased wages for 2011, 46.8 percent compared to 37.4 percent in 2010.
* Manufacturing business reported the biggest change in wages, with 60 percent increasing wages in 2011 compared to 42 percent in 2010.
* Forty-seven percent of businesses increased prices, compared to 36 percent in 2010.
* There were no significant changes in overall performance for 2011. Fifty percent of firms report they are not meeting self-imposed expectations for 2011.
* Domestic sales shortfalls was the number one reason given for not meeting expectations.
* Manufacturing had the most positive results in terms of expectations. In manufacturing, 34 percent of businesses reported exceeding expectations compared to the region average of 16.7 percent.

Expectations for 2012:
* Businesses are slightly less optimistic about 2012 than they were for 2011, with 61 percent expecting better performance in 2012 compared to 72 percent in 2010.
* A slightly higher percentage of manufacturing and technology firms are projecting better expectations in 2012 than retail and "other" business types.

"The strength of the manufacturing sector seems to be our strong suit," says Tom Hefty, retired chairman & CEO of Cobalt Corporation, and its subsidiary, BlueCross BlueShield United of Wisconsin. "While the changes are small, they are significant."

Despite the positive news for manufacturing, this year's current event question addressed the needs of businesses in regard to employment applicants. A majority of respondents, 52.5 percent, indicated they are not hiring. The remaining firms reported they are not experiencing any shortage of qualified applicants. However, when broken out by sector, 46 percent of manufacturers are experiencing a shortage of applicants, and 78 percent of those experiencing a shortage claim a shortage of experienced tech school grads.

"We are in a bit of a Catch-22 with manufacturing profitability increasing, but a shortfall in qualified job candidates," says Hefty. "This will be the challenge moving forward."

The report also indicated upwards trends in other economic indicators. A record low of 19 percent of businesses reported decreased employee numbers in 2011, compared to 29 percent in 2010 and 49 percent in 2009.

"Employment numbers on the rise in Milwaukee and Waukesha Counties is noteworthy," says Dave Vetta, President of First Business Bank-Milwaukee, "This may be a sign of a slow and steady climb for area businesses."

In addition to strong employee numbers, nearly half of businesses increased wages in 2011, compared to 37 percent in 2010. Similarly, 48 percent of businesses expect to increase wages for 2012. While employee headcount and wages increased, other economic indicators remain stable. Businesses did not report a significant difference in sales revenue, profitability, or capital expenditures compared to 2010.

First Business Bank has been conducting the economic survey of Milwaukee and Waukesha Counties for the past four years. The survey was based on the responses of 500 businesses across the two counties. The sample size has an error range of 5 percent and a confidence level of 95 percent. The full report is available by clicking here

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.

See full report.

First Business Economic Survey of Dane County

Wed, 7 Dec 2011 06:00:00 GMT

VIEW FULL REPORT: Click here to see the full results.

VIEW PHOTOS: Click here to see photos of the First Business Economic Forum of Dane County.

(MADISON, WI) - December 7, 2011 - Dane County businesses saw improved sales revenue and profits in 2011, 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 sales revenue saw a significant change with more than 50 percent of businesses reporting increased sales revenue. Businesses targeting Dane County saw the largest jump in sales revenue at 51 percent, compared to 36 percent in 2010.

"There were a number of positive economic indicators this year, with sales revenue being the most significant," says Scott Converse of the Wisconsin School of Business. "However the numbers still aren't at pre-recession values, and I think that's why many firms are projecting 2012 less favorably."

The trend of projecting better performance in the coming year was reversed in 2011, with fewer businesses expecting better performance in 2012. Nearly 30 percent of businesses expect to perform worse in 2012 than 2011.

Despite the sullen look ahead, other economic indicators suggest movement in the right direction. Thirty-seven percent of businesses reported an increase in capital expenditures in 2011, back to 2007 pre-recession levels. In addition, considerably more businesses that target Wisconsin are investing in capital expenditures, with 44.59 percent reporting an increase in capital expenditures for 2011 compared to 17.02 percent in 2010.

"The capital expenditure numbers were very encouraging, and there was a significant decline in the number of firms that reduced headcount. While you'd like to see increases in headcount, no reductions is better than the alternative," says Converse. "This may be the `new normal', at least in the short term."

In terms of employment, businesses targeting Dane County reported the most significant employment change in 2011, with considerably more businesses reporting an increase in employees, 23.24 percent in 2011, compared to 12.25 percent in 2010. Nearly half of businesses, 48.99 percent, reported increased wages for 2011, which is a significant increase from 38.2 percent in 2010.

"These broad based results affirm conversations and the emotion of people I interact with on a regular basis," says Mark Meloy, President and CEO of First Business Bank. "Business owners and managers seem to lack clarity with the macro economic outlook, yet appear to have reached a financial equilibrium in terms of employment numbers."

Each year the survey asks a current event question. In 2011, the question addressed the needs of businesses in regard to employment applicants. A large portion of manufacturing, retail and service businesses are not currently hiring. Of those businesses that are expecting to hire new employees, 63 percent of technology firms and 38 percent of manufacturing firms are experiencing job applicant shortages.

First Business Bank has been conducting the economic survey of Dane County for the past nine years. The survey was based on the responses of 337 businesses across the county. The sample size has an error range of 5 percent and a confidence level of 95 percent.

VIEW FULL REPORT: Click here to see the full results.

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, call 608-238-8008.

Manufacturing First Presents Scholarship Fund to Support High School Seniors

Tue, 6 Dec 2011 06:00:00 GMT

(APPLETON, WI) - December 6, 2011 - Manufacturing First announced today it will be presenting a check for $3,000 to support graduating high school seniors who are attending a technical college in the New North in a manufacturing-related degree program. The scholarship funds are sourced by the first annual Manufacturing First Expo and Conference, which was held Oct. 26, 2011. The event was organized by First Business, along with the NEW Manufacturing Alliance and Insight Publications. More than 400 manufacturers participated in the first year event. The check will be presented at the New North Summit during the NEW Manufacturing Alliance breakout session at 2 p.m. Dec.7, 2011.

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, call 920-734-1800.

Manufacturing First: Presents scholarship fund to support high school seniors pursuing manufacturing

Tue, 6 Dec 2011 06:00:00 GMT

(APPLETON, WI) - December 6, 2011 - Manufacturing First announced today it will be presenting a check for $3,000 to support graduating high school seniors who are attending a technical college in the New North in a manufacturing-related degree program. The scholarship funds are sourced by the first annual Manufacturing First Expo and Conference, which was held Oct. 26, 2011. The event was organized by First Business, along with the NEW Manufacturing Alliance and Insight Publications. More than 400 manufacturers participated in the first year event. The check will be presented at the New North Summit during the NEW Manufacturing Alliance breakout session at 2 p.m. Dec.7, 2011.

First Business Capital Corp. Promotes Erick Hefty and Hires Olga Etlicher

Mon, 21 Nov 2011 06:00:00 GMT

MADISON, WI, November 21, 2011 - First Business Capital Corp. (FBCC) announced today that Erick Hefty had been promoted to Vice President - Account Executive and that Olga Etlicher has been hired as a Collateral Analyst . First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Erick is responsible for managing existing client relationships within First Business Capital Corp. Erick has over twelve years of banking and asset-based lending experience. Prior to joining First Business Capital Corp., Erick had been with our affiliate, First Business Bank. Erick is a graduate of Madison Area Technical College and has an Associate's degree in Finance and Business Management.

Olga is responsible for working daily with existing clients on loan advances, collateral reporting, and other operational issues. She joined First Business Capital Corp. in 2011 after working as a Client Services Representative for First Business Bank and Trust Administrative Associate for First Business Trust and Investments. Olga earned an MBA from Liberty University in Lynchburg, VA.

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.

Kilcoyne Elected to First Business Financial Services, Inc. Board of Directors

Thu, 17 Nov 2011 06:00:00 GMT

MADISON, WI, Nov. 4, 2011 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that Gerald (Jerry) Kilcoyne was elected to the Board of Directors of First Business Financial Services, Inc. at yesterday afternoon's Board of Directors meeting. Kilcoyne is also the Board Chair for First Business Bank - Madison and the Managing Partner at Pinnacle Enterprises, LLC.

"I am excited about my expanded role at First Business," stated Kilcoyne. "I enjoy working with First Business's management team and fellow Board Members, all with diverse backgrounds as professionals and entrepreneurs in this community."

Mr. Kilcoyne is a private equity investor in businesses and an owner of commercial real estate in the Madison area. He has been involved in mergers and acquisitions throughout the United States, Canada, and Europe since 1980. Jerry and his wife, Kelley, reside in Waunakee, WI.

Wall Street vs. Manufacturing? "We Need to Get Wall Street Off Our Backs."

Mon, 7 Nov 2011 06:00:00 GMT

Is manufacturing the wave of the future in the US or the heritage of the past? The issue was raised at Manufacturing First, a Wisconsin conference organized by First Business Bank, Insight Magazine and the New Manufacturing Alliance.

FBIZ: Raising to Outperform on Excellent Third Quarter

Wed, 2 Nov 2011 05:00:00 GMT

We are raising our recommendation on First Business Financial Services, Inc. (FBIZ - Analyst Report) to Outperform from Neutral following third quarter results. FBIZ had an exceptional third quarter, beating our estimate by $0.26 and posting diluted EPS of $0.83. This was more than double the prior-year quarter's $0.38 and well above our $0.57 EPS estimate.

Third quarter results were boosted by a gain in net interest income from a higher net interest margin, strong growth in trust and investment services income and loan fees, a significantly reduced loan loss provision, and lower FDIC premium expense and collateral liquidation costs, partially offset by increased compensation from bonus accruals, higher marketing costs, and an increased effective tax rate.

The Company made excellent progress in reducing problem assets and believes indications are that it has turned the corner regarding asset quality. Nonaccrual loans fell $7.6 million, or 22%, sequentially to $27.0 million, while foreclosed assets jumped $0.6 million, or 46%, to $2.0 million. As a percentage of total loans and OREO, nonperforming assets fell 81 basis points sequentially to 3.37% from 4.18% at the end of the second quarter and 140 basis points from the 4.77% at the end of the first quarter.

We are sharply increasing our EPS estimates to $2.90 from $2.35 for 2011 and to $3.40 from $2.60 for 2012. This translates into year-over-year gains of 104% in 2011 and 17% in 2012. Changes in both years primarily reflect higher net interest margin estimates and lower estimates for the provision for loan losses, due to improved asset quality. In addition, our 2011 estimate incorporates the third quarter overage of $0.26 relative to our estimate.

First Business Financial Services, Inc. is a bank holding company headquartered in Madison, Wisconsin, with $1.1 billion in total assets at September 30, 2011. FBIZ specializes in business lending for small-medium-sized companies with sales ranging from $2-50 million. As an adjunct to these services, FBIZ also offers banking services to business owners, executives, professionals, and high net worth individuals, though this is a less significant part of its business.

Manufacturing First expo provides exchange of information, practices

Thu, 27 Oct 2011 05:00:00 GMT

Sharing best practices and networking topped the list of priorities Wednesday for participants at the Manufacturing First Expo in downtown Green Bay.

Manufacturers expo Oct. 26 in Green Bay

Wed, 12 Oct 2011 05:00:00 GMT

GREEN BAY -- The Manufacturing First Expo and Conference is set for 7 a.m. to 4 p.m. Oct. 26 at the KI Convention Center.

The event is presented by First Business, the NEW Manufacturing Alliance and Insight Publications.

Manufacturing First Expo Offers Wisconsin Manufacturers Collaboration Opportunities

Mon, 10 Oct 2011 05:00:00 GMT

(APPLETON, WI) - October 7, 2011 - One out of four Northeast Wisconsin residents is employed by a manufacturer, so it's not surprising that more than 400 Wisconsin manufacturers have already committed to attend the Manufacturing First Expo and Conference.

First Business, along with the NEW Manufacturing Alliance and Insight Publications have teamed up to provide Wisconsin manufacturers hands-on opportunities to grow their businesses via connections to or shared knowledge from other local manufacturers. The Manufacturing First Expo and Conference is scheduled for October 26, 2011 from 7:00 a.m. - 4:00 p.m. at the KI Convention Center in Green Bay.

"The value of this event is the networking and collaboration that will take place between manufacturers," says Mickey Noone, President of First Business Bank - Northeast.

Networking is more than shaking hands and handing out business cards, adds Noone. This event will provide a vehicle for real educational opportunities and potential partnerships among attendees.

The keynote speaker is Scott Paul of the Alliance for American Manufacturing. Lunch speakers will focus on opportunities in Defense contracting, including Chuck Wallschlaeger of the Business Procurement Assistance Center at Madison College and Jack Heinemann of Wisconsin Security Research Consortium. The program also includes breakout sessions on process improvement, regulatory issues, defense contracting, workforce development and a CEO roundtable led by Margaret LeBrun of Insight Publications.

"Wisconsin is the number one state in percentage of employment in manufacturing nationally," says Noone. "We are proud to provide this event for Wisconsin manufacturers to help us stay in that number one slot."
For additional information on the Wisconsin's Manufacturing First Expo and Conference, including registration information visit www.manufacturingfirst.com.

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, call 920-734-1800.

Bank to host Oct. 26 networking event in Green Bay

Mon, 3 Oct 2011 05:00:00 GMT

GREEN BAY -- First Business Bank-Northeast will host a Manufacturing First Expo and Conference from 7 a.m. to 4 p.m. Oct. 26 at the KI Convention Center.

First Business Financial Services, Inc. Promotes Jodie Johnson and Katie Grotenhuis

Fri, 30 Sep 2011 05:00:00 GMT

MADISON, WI, September 30, 2011 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Jodie Johnson has been promoted to Vice President of Marketing and Katie Grotenhuis has been promoted to Senior Database Developer/Analyst.

Jodie has 14 years of experience in business-to-business marketing, specializing in marketing strategy and cost-effective execution. In her current role, she leads the in-house marketing team to serve the needs of seven First Business companies. She is a current Board Member of Center for Families, and past Board Member at The Exchange Center for the Prevention of Child Abuse, as well as a past Board Member of the Madison Chapter of American Marketing Association. Jodie was recognized in In Business Magazine's Executive Register list in 2010, In Business Magazine's 40 Under 40 list in 2009, and Brava Magazine's Top Marketers to Watch in 2007. She has a double major from the University of Wisconsin - Madison School of Business with a Bachelor of Science in Marketing and also Management, and an MBA from Edgewood College.

Katie joined First Business in 2007 and has over 12 years of IT experience. Katie is a graduate of UW-Madison with a Bachelor's degree of Business Administration in Information Systems Analysis and Design and is currently pursuing her Master of Science degree in Computer Information Systems.

First Business Equipment Finance Funds World';s First UV LED Screen Printing Press

Tue, 27 Sep 2011 05:00:00 GMT

Madison, WI, September 27, 2011 - First Business Equipment Finance is pleased to announce the funding of a break-through technology with Empire Screen Printing, Inc. of Onalaska, WI.

In August, Empire Screen Printing introduced UV LED Ink Curing technology to the world. This economically sound and environmentally friendly innovation was made possible through a partnership with: Phoseon Technology, Nazdar Inks and Coatings, and Kammann USA. The organizations consolidated their technical resources to design, develop, and execute the new screen printing product. With this new capability, Empire Screen can provide improved print performance with the knowledge their products are being produced in the most environmentally friendly method currently available in the screen printing industry. Go to www.empirescreen.com to view the full story.

About First Business Equipment Finance
First Business Equipment Finance, a part of First Business Financial Services (NASDAQ: FBIZ), is a locally managed financial services company offering a full array of finance and leasing options designed to help you successfully complete your capital equipment acquisitions. Our mission is to provide premium service and the highest quality products that meet our clients' financial needs.

First Business Financial Services Announces Dividend

Thu, 22 Sep 2011 05:00:00 GMT

MADISON, Wis., Sept. 20, 2011 (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 2011 annualized dividend amount is $0.28 per share. The cash dividend is payable on October 15, 2011 to shareholders of record at the close of business on October 1, 2011.

Boys & Girls Club Wins Big at First Business Invitational for Charity

Wed, 21 Sep 2011 05:00:00 GMT

MADISON, WI - September 21, 2011 - Boys & Girls Club will take home $42,000 in winnings today thanks to Mike Victorson and Sean LaBorde of M3 Insurance Solutions for Business who played in the "winner takes all" First Business Invitational for Charity golf event. Local business leaders competed today at Hawks Landing for a local charity of their choice.

"We are pleased that Boys & Girls Club will benefit from our event today," says Mark Meloy, President and CEO of First Business Bank. "While all the charities certainly are worthy, it's the competitive drive and assertive spirit of the business leaders who golfed today that really made the event a success."

The event was designed with two person teams competing in a best ball format. Each two-some selected one local charity for which they played. First Business Bank committed to covering 100 percent of the event costs, which meant the winning team won $42,000 for their chosen local charity.

"It is fun to play in an event where there are no losers," says Mike Victorson, President & CEO of M3 Insurance Solutions for Business. "It was an honor to play for the Boys & Girls Club and we are sold on their mission and what they do for young people."

"It's great to see the business community support local nonprofits like the Boys & Girls Club," said Michael Johnson, CEO of Boys and Girls Club of Dane County. "I am excited that Mike Victorson and Sean LaBorde of M3 chose to play for the 2,000 plus kids that attend our local Clubs. Mike and Sean are getting a big hug from me. Had they lost, I might have had to teach them a lesson or two at the Club."

First Business is proud to be the originator and sponsor of this event Go to www.firstbusiness.com/photos to see a photo album of today's event.

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, call 608-238-8008.

Follow the First Business Invitational for Charity from your computer or smart phone

Tue, 20 Sep 2011 05:00:00 GMT

MADISON, WI - September 20, 2011 - First Business Bank will hold the first ever First Business Invitational for Charity golf event on Wednesday, September 21 at Hawks Landing.

The event is organized as a "winner takes all" tournament with two person teams competing in a best ball format. Each two-some selects one local charity for which they will play. First Business Bank has committed to covering 100 percent of the event costs, which means the winning team will win over $35,000 for their chosen local charity.

Golfers and spectators can follow the tournament online on their smart phones or office computers by going to www.firstbusiness.com/charity. Toggle between the tabs at the bottom to see the leaderboard and scorecards.

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, call 608-238-8008.

Manufacturing First Expo - a Platform for Wisconsin Manufacturers to Collaborate

Mon, 19 Sep 2011 05:00:00 GMT

APPLETON, WI - September 19, 2011 - First Business Bank - Northeast announces the first of its kind Manufacturing First Expo and Conference designed to provide premier networking opportunities for Wisconsin manufacturers. The event is scheduled for October 26, 2011 from 7:00 a.m.-4:00 p.m. at the KI Convention Center in Green Bay.

"Manufacturing drives the economy in Wisconsin and particularly in Northeast Wisconsin," says Mickey Noone, President of First Business Bank - Northeast. About one out of five Wisconsin residents is employed by a manufacturer, or 18 percent of state workers. In Northeast Wisconsin, that figure is even higher. One out of four (24 percent) Wisconsin residents is employed by a manufacturer. Wisconsin is the number one state in percentage of employment in manufacturing nationally.

"Manufacturing First is an event for manufacturers that is actually put on by manufacturers. The goal is to put people in touch with people. When attendees register, they are asked who they would like to get to know at the event, who might be able to assist them, or who could they potentially help. We then play match-maker behind the scenes to help make these introductions and provide educational opportunities that support the attending audience. Our hope is this event will leverage our number one position and provide a platform for collaboration, driving toward even greater success for Wisconsin manufacturers," says Noone.

The strategy is supported by an admission fee of $50, so all key personnel at manufacturing facilities can attend. Attendees will also receive a roster of all attendees so they can make one-on-one contacts on their own, as well.

The program allows manufacturers to interact through booth talks, exhibits, and breakout sessions. The expo will showcase industry advances, highlight current successes and announce the latest developments in process improvement.

"Manufacturing is important to Wisconsin," says Noone. "We think this will be a great program for Wisconsin manufacturers of all types and a great program for the state of Wisconsin."

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, call 920-734-1800.

One Charity, Winner Takes All at First Business Bank Invitational for Charity

Wed, 14 Sep 2011 05:00:00 GMT

(MADISON, WI) - September 14, 2011 - First Business Bank announces the first ever First Business Invitational for Charity golf event, where local business people will compete for a local charity of their choice. The event is scheduled for September 21 at Hawks Landing.

"There are lots of charity golf tournaments out there, but this is the only "winner takes all" charity golf event of its kind in the Madison area," says Mark Meloy, President and CEO of First Business Bank. "It's really designed for business leaders who are supportive of local charities who have a drive to win and those who thrive on pressure."

The competitive event is designed with two person teams competing in a best ball format. Each two-some selects one local charity for which they will play. First Business Bank has committed to covering 100 percent of the event costs, which means the winning team will win over $35,000 for their chosen local charity.

"These business leaders are playing purely for sport with no personal gain other than the satisfaction of serving a local charity. It has the potential to have a major impact for one fortunate charity," says Meloy.

Golfers and spectators can follow the progress on the course through an online leader board accessible via a computer or smart phone on the day of the event. Go to www.firstbusiness.com/charity the day of the event for details.

First Business is proud to be the originator of this event and participation is limited to friends of First Business. Rain date is October 5.

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, call 608-238-8008.

First Business Bank to Offer Interest-Bearing Checking Account to All Business Clients

Fri, 9 Sep 2011 05:00:00 GMT

Madison, WI, September 9, 2011 - First Business Bank is launching a new interest-bearing checking account for businesses. Recent regulatory changes allow banks to pay interest on checking balances to all businesses. In the past Regulation Q permitted payment of interest to only sole-proprietors and nonprofit organizations. As of July 21, 2011, the Dodd-Frank Wall St. Reform and Consumer Protection Act repealed this provision of Regulation Q.

Effective today, First Business Bank will offer a new Premier Interest-Bearing Checking account. It will pay an attractive rate of interest on surplus balances kept within the account. To find out more about this new business checking account, go to www.firstbusiness.com/premier.

About First Business Bank
First Business Bank was established by area business owners and investors 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, call 608-238-8008 (Madison), 262-792-1400 (Milwaukee), or 920-734-1800 (Northeast Wisconsin).

Fraudulent Emails Appearing to Come from NACHA

Fri, 2 Sep 2011 05:00:00 GMT

Background

Further to previous notices since February 2011, NACHA has been the victim of sustained and evolving phishing attacks in which consumers and businesses are receiving emails that appear to come from NACHA. The attacks are occurring with greater frequency and increased sophistication. Perpetrators are sending these fraudulent messages to email addresses globally.

These fraudulent emails typically make reference to an ACH transfer, payment, or transaction and contain a link or attachment that infects the computer with malicious code when clicked on by the email recipient. The source addresses and contents of these fraudulent emails vary -- with more recent examples purporting to come from actual NACHA employees and/or departments -- and often including a counterfeit NACHA logo and the citation of NACHA's physical mailing address and telephone number.

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 persons or organizations about individual ACH transactions that they originate or receive.

Do not open attachments or follow Web links in unsolicited emails 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. Please forward suspected fraudulent emails appearing to come from NACHA to abuse@nacha.org to aid in our efforts with security experts and law enforcement officials to pursue the perpetrators.

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 application security patches are installed and current.

Additional information and guidance for consumers and businesses on phishing and email scams are available from the Federal Trade Commission Federal Deposit Insurance Corporation (FDIC):

www.onguardonline.gov

www.fdic.gov

First Business Capital Corp. Announces Funded Deals

Thu, 25 Aug 2011 05:00:00 GMT

MADISON, WI, August 25, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $7.5 million revolving line of credit to a Michigan wholesale distributer of petroleum products and a $6.4 million revolving line of credit and term loan to an Indiana manufacturer of molded plastic parts. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

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.

First Business Invitational for Charity to be held Sept 21 at Hawks Landing

Thu, 18 Aug 2011 05:00:00 GMT

Madison, WI, August 18, 2011 - First Business Bank - Madison announced today the first ever First Business Invitational for Charity golf event will be held September 21 at Hawks Landing, where local business people will compete for local charity. This is a competitive event, with two person teams competing in a best ball format. Each two-some selects one local charity for which they will play. First Business Bank has committed to covering 100% of the event costs, which means the winning team will win over $35,000 for their chosen local charity.

First Business is proud to be the originator of this event and participation is limited to friends of First Business. Further details will be released as we approach the date of the event. If you have any questions, please contact Kelley Dixon at 608-232-5774.

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, call 608-238-8008.

First Business Financial Services, Inc. Hires Alton Multhauf

Wed, 17 Aug 2011 05:00:00 GMT

MADISON, WI, August 17, 2011 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Alton Multhauf has been hired as a Credit Analyst.

Alton comes to First Business with two years of banking experience and is a graduate of UW - Whitewater with a degree in Finance. He is a member of the Kiwanis Club of Verona.

FBIZ: Higher Target Price after Great Second Quarter

Fri, 5 Aug 2011 05:00:00 GMT

First Business Financial Services, Inc. (FBIZ - Analyst Report) knocked it out of the park in the second quarter, posting diluted operating EPS of $0.68, excluding one-time tax benefits of $0.29 per share. This was $0.16 better than our $0.52 estimate and up 47% from the prior-year quarter.

The second quarter also included $0.4 million of one-time net interest income as CPKF recognized previously forgone interest income on nonaccrual loans that were paid off during the quarter. We estimate this added another $0.10 to diluted EPS.

Excluding both items, EPS was $0.58 per share, $0.06 above our $0.52 estimate and 26% ahead of last year's $0.46.

Second quarter operating results (excluding the one-time tax benefit, but including the one-time benefit from foregone interest income) were boosted by growth in net interest income from a higher net interest margin, reduced noninterest expense, and a lower effective tax rate, partially offset by increased compensation from bonus accruals and a hike in the loan loss provision.

Asset quality showed strong improvement in the second quarter, following a somewhat disappointing first quarter. Nonaccrual loans fell $4.6 million, or 12%, sequentially to $34.6 million, while foreclosed assets dropped $0.9 million, or 39%, to $1.4 million.

We are raising our diluted EPS estimates to $2.35 from $1.90 for 2011 and to $2.60 from $2.10 for 2012. This translates into year-over-year gains of 65% in 2011 and 11% in 2012.

We are maintaining our neutral recommendation on FBIZ, but increasing our target price to $18.25 from $14.25, following the 20% surge in FBIZ's share price over the past few days.

First Business Financial Services, Inc. is a bank holding company headquartered in Madison, Wisconsin, with $1.1 billion in total assets at June 30, 2011. FBIZ specializes in business lending for small-medium-sized companies with sales ranging from $2-50 million. As an adjunct to these services, FBIZ also offers banking services to business owners, executives, professionals, and high net worth individuals, though this is a less significant part of its business.

For a free copy of the full research report, please email scr@zacks.com with FBIZ as the subject.

Follow Zacks Small Cap Research on Twitter at Twitter.com/ZacksSmallCap

First Business Reports Increased Net Income

Tue, 2 Aug 2011 05:00:00 GMT

MADISON, Wisc., Aug. 2, 2011 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) filed its Quarterly Report on Form 10-Q on Friday, June 29, 2011 reporting net income of $2.5 million, or earnings per diluted common share of $0.98 for the second quarter ending June 30, 2011 as compared to a net loss of $1.5 million reported in the second quarter of 2010. The second quarter 2010 net loss was primarily the result of a charge to earnings of $2.7 million to reflect the impairment of the Company's goodwill. Excluding the goodwill impairment, net income was $1.2 million for the second quarter of 2010.

For the six month period ending June 30, 2011 net income was $3.9 million, or earnings per diluted common share of $1.49, as compared to a net loss of $626,000 reported for the same period of 2010. Excluding the goodwill impairment of $2.7 million, net income was $2.1 million for the six months ended June 30, 2010.

Corey A. Chambas, President and Chief Executive Officer, commented, "In addition to a good bottom line for the quarter, we also produced strong top line revenue growth, increased core earnings and had significant asset quality improvement. Given the challenging economic environment, we are very pleased with these results and feel we are well positioned moving forward."

A complete copy of the Corporation's Quarterly Report on Form 10-Q for the period ending June 30, 2011 and all reports filed by the Corporation with the SEC may be accessed through the Corporation's website, www.firstbusiness.com.

New Faces, New Places for July 25

Sun, 24 Jul 2011 05:00:00 GMT

First Business Bank-Milwaukee hired Craig Cerbins as a commercial lending associate.

First Business Bank promotes Vander Loop

Thu, 21 Jul 2011 05:00:00 GMT

MADISON - First Business Bank announces that Erin Vander Loop has been promoted to commercial real estate lending associate. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Fraudulent "ACH and Wire transfers" E-Mails

Tue, 19 Jul 2011 05:00:00 GMT

July 19, 2011 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC.

The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "protection@fdic.gov," "admin@administration.fdic.gov," or "service@admin.fdic.gov."
They have various subject lines such as "Update for your banking account," "ACH and Wire transfers disabled," and "Banking security update."

The fraudulent messages state:

"Dear clients,
Your account ACH and Wire transactions have been temporarily suspended for your Security, due to the expiration of your security version. To download and install the newest Updates, follow this link. As soon as it is set up, your transaction abilities will be fully restored. Best regards, Online security department, Federal Deposit Insurance Corporation."

These e-mails and links are fraudulent and were not sent by the FDIC. Recipients should consider these e-mails an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the e-mails and should NOT install any related files or software updates.
Financial institutions and consumers should be aware that these fraudulent e-mails may be modified over time with other subject lines, sender names, and narratives. The FDIC does not directly contact bank customers, nor does the FDIC request bank customers to install software upgrades.

Information about counterfeit items, cyber-fraud incidents, and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 3501 North Fairfax Drive, CH-11034, Arlington, Virginia 22226, or transmitted electronically to alert@fdic.gov. Questions 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 Web site . 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 Risk Management Supervision
FDIC

First Business Capital Corp. Hires Terry Goehring

Mon, 18 Jul 2011 05:00:00 GMT

MADISON, WI, July 18, 2011 - First Business Capital Corp. (FBCC) announced today that Terry Goehring has been hired as a Collateral Analyst Specialist. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Terry will be responsible for the written and verbal verifications of the accounts receivable of existing clients. She will also be the lead on accounts receivable collection efforts. Prior to joining the team at First Business Capital Corp., Terry was employed by CUNA Mutual Group as a TeloService Representative and as a Subrogation Specialist. Terry attended UW-Madison and has earned several insurance and subrogation designations.

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.

First Business Bank Promotes Erin Vander Loop

Fri, 15 Jul 2011 05:00:00 GMT

MADISON, WI, July 15, 2011 - First Business Bank announced today that Erin Vander Loop has been promoted to Commercial Real Estate Lending Associate. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Erin joined First Business as a Credit Analyst and Appraisal Reviewer in 2009. Prior to that, Erin worked for Grandbridge Real Estate Capital, where she worked as a real estate analyst, underwriting loans and analyzing commercial projects. Erin gained 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 degree in Real Estate and Urban Land Economics. Erin is an active volunteer for the Ronald McDonald House Charities of Madison and serves as a board member for Madison Friends of International Students.

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.

First Business Financial Services, Inc. Promotes Sara Alexander and Hires Jared Smith

Thu, 14 Jul 2011 05:00:00 GMT

MADISON, WI, July 14, 2011 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Sara Alexander has been promoted to Client Support Representative II and Jared Smith has been hired as a Financial Accountant.

Sara has been with First Business since 2009 and worked as a Client Service Representative. She is a graduate of Edgewood College where she studied psychology and business. Sara has over seven years of customer service experience.

Jared comes to First Business with two years of banking experience. He holds a B.S. in accounting and business administration from UW - Platteville.

First Business Bank-Milwaukee Hires Craig Cerbins

Wed, 13 Jul 2011 05:00:00 GMT

MILWAUKEE, WI, July 13, 2011 - First Business Bank-Milwaukee announced today that Craig Cerbins has been hired as a Commercial Lending Associate. First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Craig has been with First Business since June 2010 most recently serving as a credit analyst. He graduated with a Bachelor of Arts in Economics from the University of Wisconsin - Madison where he was also a student-athlete for the UW Men's Varsity Golf Team. During his time in Madison Craig volunteered with the United Way, Meals on Wheels, and Coaches vs. Cancer.

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.

FBIZ: Added to Russell Microcap Index

Thu, 23 Jun 2011 05:00:00 GMT

Yesterday, First Business Financial Services, Inc. (FBIZ - Analyst Report) announced that its stock will be added to the Russell Microcap Index on June 24, 2011. We believe that this will have a positive impact on FBIZ's share price as institutional index funds that are based on the Russell Microcap Index are rebalanced to include FBIZ in the portfolio. Moreover, we expect this impact to continue as liquidity in FBIZ shares improves due to higher trading volumes.

In other news, FBIZ announced that First Business Capital Corp. (FBCC), FBIZ's asset-based lending unit for small-to-mid-market companies, opened an office in Denver, Colorado. This marks the sixth branch in FBCC's network, and adds to FBCC's presence in the existing locations of Minneapolis, Minnesota; Chicago, Illinois; St. Louis, Missouri; Detroit, Michigan; and Cleveland, Ohio. The Denver office will be headed up by Michael, J. Doyle, who has 12 years of asset-based lending experience and has been active in the financial services industry for 28 years. Mr. Doyle is an active member and former board member of the Colorado chapter of the Turnaround Management Association. Mr. Doyle received his BBA with honors from Baylor University and his MBA from The University of Texas at Austin.

In addition, FBIZ announced the payment of its regular $0.07 quarterly dividend on July 15, 2011 for shareholders of record on July 1, 2011. We note FBIZ has paid a dividend every year since 2003, switching from an annual dividend in 2003, to a semi-annual dividend in 2005, before changing to a quarterly dividend in 2006.

First Business Financial Services, Inc. Set to Join Russell Microcap Index

Wed, 22 Jun 2011 05:00:00 GMT

Company Release - 06/22/2011 12:00

MADISON, Wis., June 22, 2011 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) will join the Russell Microcap®;; Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, 2011 according to a preliminary list of additions posted on www.russell.com/indexes.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Corey Chambas, President and CEO, commented, "We are excited to be included in the Russell index. This will create additional exposure for First Business which we believe is very positive for our company."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them.

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000®;; Index and Russell Microcap. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

More information on the Russell Microcap and other Russell Indexes, including daily returns, is available at http://www.russell.com/Indexes/data/default.asp.

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has more than $161 billion in assets under management as of March 31 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

First Business Capital Corp. Opens Denver Office

Mon, 20 Jun 2011 05:00:00 GMT

MADISON, WI, June 20, 2011 - First Business Capital Corp. is pleased to announce the opening of its Denver office located at 7350 East Progress Place, Suite 100, Greenwood Village, CO 80111. The office phone number is (303)715-1775. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

The office will be led by Michael J. Doyle, Vice President and Business Development Officer. He has over 12 years of asset-based lending experience and has been active in the Financial Services industry for 28 years. Previously, Michael worked for a Wall Street investment bank and held senior sales manager positions. He also started, grew, and sold a successful distribution and export company. Michael is an active member and former board member of the Colorado chapter of the Turnaround Management Association. Michael received his BBA with honors from Baylor University and his MBA from The University of Texas at Austin.

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.

First Business Financial Services Announces Dividend

Fri, 17 Jun 2011 05:00:00 GMT

Company Release - 06/17/2011 11:19

MADISON, Wis., June 17, 2011 (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 2011 annualized dividend amount is $0.28 per share. The cash dividend is payable on July 15, 2011 to shareholders of record at the close of business on July 1, 2011.

Fraudulent E-mails Claiming to Be From the FDIC

Fri, 3 Jun 2011 05:00:00 GMT

June 3, 2011 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC.

The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "subscriptions@fdic.gov," "alert@fdic.gov," or "accounts@fdic.gov."

They have subject lines that read: "FDIC: Your business account" or "FDIC: About Your Business Account."

The e-mails are addressed to "Business Customer" or "Business Owner" and state "We have important information about your bank" or "...financial institution." They then ask recipients to "Please click here to find details."

They conclude with, "This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership."

These e-mails and the link included are fraudulent and were not sent by the FDIC. Recipients should consider the intent of these e-mails as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the e-mails and should NOT, under any circumstances, provide any personal financial information through this media.

Financial institutions and consumers should be aware that other subject lines and modifications to the e-mails may occur over time. The FDIC does not directly contact consumers in this manner nor does the FDIC request personal financial information from consumers.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Website. To learn how to automatically receive FDIC Special Alerts through email, please visit this page.

Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed here.

First Business Capital Corp. Announces Funded Deals

Tue, 31 May 2011 05:00:00 GMT

MADISON, WI, May 31, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $4.5 million revolving line of credit to a Minnesota manufacturer of wire products; and a $6.5 million revolving line of credit and CapX line of credit to an Ohio manufacturer of machine tools. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

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.

First Business Capital Corp.: Announces funded deals

Tue, 31 May 2011 05:00:00 GMT

MADISON, WI, May 31, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $4.5 million revolving line of credit to a Minnesota manufacturer of wire products; and a $6.5 million revolving line of credit and CapX line of credit to an Ohio manufacturer of machine tools. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

First Business Bank - Milwaukee Releases Video

Wed, 11 May 2011 05:00:00 GMT

Milwaukee, WI: First Business Bank - Milwaukee posted a brief one minute web video to the website which highlights they key differences of First Business Bank. This video may be helpful to those researching commercial banking options.

Click here to see the video with a YouTube embedded player.

A video transcript follows below:
"With mergers, acquisitions and an ever changing banking environment, your bank may be focused more on its own future, than yours," states Dave Vetta, President & CEO of First Business Bank -Milwaukee.

"First Business is different," he continues, "We're a Wisconsin-based, publically traded company with a focus on local business - and its executives -that remains unwavering for the past 20 years."

Corey Chambas, President and CEO of the holding company First Business Financial Services, Inc. adds, "Although we often fly under the radar due to our niche, First Business has grown to be the largest financial services firm in Wisconsin focused on business."

Corey continues, "We have offices in Milwaukee, Madison, and Northeast Wisconsin. We offer financial services to businesses and individuals with sophisticated financial needs."

Dave Vetta concludes, "We offer the resources you'd expect from a larger bank, but our customer service, decision making, and board of directors are all local. This is the First Business difference."

"Our clients say they like our focused approach. They've given us a 99% satisfaction rating for the past three years. At First Business, our clients have no reason to change; business is what we do."

"Considering a new business bank or diversifying with a second bank? I'd love the opportunity to meet with you in person, and tell you what we're all about."

"Call me directly at 262-792-7100 or send me an email at dvetta@firstbusiness.com."

Click here to see the video using an embedded video player other than YouTube.

FBIZ: Strong First Quarter Results; Rising Target Price

Thu, 5 May 2011 05:00:00 GMT

FBIZ - Analyst Report posted first quarter diluted EPS of $0.52, up 47% from the $0.35 reported last year, and well in excess of our $0.45 estimate. First quarter results were boosted by growth in net interest income from a higher net interest margin and a lower effective tax rate, partially offset by increased compensation from bonus accruals and a hike in the loan loss provision as the Company strengthened loss reserves.

Relative to our estimate, the main reasons for the difference were a stronger net interest margin, generating correspondingly higher net interest income, and a lower effective tax rate.

We are raising our 2011 diluted EPS estimate to $1.90 from $1.80 previously, reflecting the first quarter overage relative to our estimate, as well as the continuing benefit from a higher net interest margin and lower tax rate, partially offset by an increased loan loss provision. Our 2011 estimate represents a 33% increase over 2010's $1.42 (excluding a goodwill write-off). Our initial diluted EPS estimate for 2012 is $2.10, an 11% gain over 2011.

We have also raised our target price and changed the holding period to twelve months from six months. Our new one-year $14.25 target price for FBIZ represents a total return of approximately 12%, consistent with our expectations for broader U.S. equity market gains during this period. Therefore, we are maintaining our Neutral recommendation on FBIZ shares.

First Business Financial Services, Inc. (FBIZ or the Company) is a bank holding company headquartered in Madison, Wisconsin, with $1.1 billion in total assets at December 31, 2010. FBIZ specializes in business lending for small-medium-sized companies with sales ranging from $2-50 million. As an adjunct to these services, FBIZ also offers banking services to business owners, executives, professionals, and high net worth individuals, though this is a less significant part of its business.

For a free copy of the FBIZ research report, please email scr@zacks.com with FBIZ as the subject.

Follow Zacks Small Cap Research on Twitter at Twitter.com/ZacksSmallCap

First Business posts higher earnings

Tue, 3 May 2011 05:00:00 GMT

First Business Financial Services, Madison, reported net income of $1.3 million, or 52 cents a share, for the first quarter that ended March 31, up from earnings of $899,000, or 35 cents a share, for the same period last year.

First Business Reports Increased First Quarter Profit

Mon, 2 May 2011 05:00:00 GMT

Company Release - 05/02/2011

MADISON, Wis., May 2, 2011 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) filed its Quarterly Report on Form 10-Q on Friday, April 29, 2011 reporting net income of $1.3 million for the first quarter ending March 31, 2011 as compared to net income of $899,000 reported in the first quarter of 2010. The $450,000 improvement in net income, or 50.1%, is primarily due to an increase in net interest income which is the result of an increase in earning assets combined with an improved net interest margin. Diluted earnings per common share for the quarter was $0.52 versus $0.35 for the comparable period of 2010, an increase of $0.17 or 48.6%.

Corey A. Chambas, President and Chief Executive Officer, commented, "First Business is off to a good start in 2011. We are fortunate to have a unique business model and to be in geographic markets that have relatively stable economies. First Business is proud to be among the publicly traded banks that remained profitable in each of the past three years and our first quarter results are a continuation of that performance."

A complete copy of the Corporation's Quarterly Report on Form 10-Q for the period ending March 31, 2011 and all reports filed by the Corporation with the SEC may be accessed through the Corporation's website, www.firstbusiness.com.

First Business Capital Corp. Announces Funded Deals

Fri, 15 Apr 2011 05:00:00 GMT

MADISON, WI, April 15, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $9.5 million revolving line of credit to an Ohio manufacturer of retail displays; and a $5.0 million revolving line of credit to an Indiana distributor of audio/video products. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

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.

First Business Capital Corp.: Announces funded deals

Fri, 15 Apr 2011 05:00:00 GMT

MADISON, WI, April 15, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently funded the following deals: $9.5 million revolving line of credit to an Ohio manufacturer of retail displays; and a $5.0 million revolving line of credit to an Indiana distributor of audio/video products. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

First Business Bank promotes Korth

Thu, 14 Apr 2011 05:00:00 GMT

MADISON - First Business Bank announces that Beth Korth has been promoted to director of treasury management services. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

First Business Bank Promotes Beth Korth

Thu, 7 Apr 2011 05:00:00 GMT

MADISON, WI, April 7, 2011 - First Business Bank announced today that Beth Korth has been promoted to Director of Treasury Management Services. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Beth Korth leads the treasury management function for the First Business family of companies. She also develops and manages commercial banking relationships for First Business Bank - Madison. Prior to joining First Business, Beth worked for six years as Chief Operating Officer at Holt Smith Advisors. She also worked for Associated Bank in Madison for fifteen years as a commercial lending officer and manager of the treasury services area of the bank. She is a graduate of University of Wisconsin Eau Claire and is currently a board member of Community Health Charities of Wisconsin.

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.

Fraudulent Emails Claiming to be from NACHA (Phishing Alert Update 3/29/2011)

Wed, 30 Mar 2011 05:00:00 GMT

March 30, 2011, NACHA - The Electronic Payments Association has received reports that individuals and/or companies continue to receive fraudulent emails that have the appearance of having been sent from NACHA. Similar notices were issued on March 11 and February 22, 2011. These emails vary in content and appear to be transmitted from email addresses associated with the NACHA domain (@nacha.org). Some bear the name of fictitious NACHA employees and/or departments.

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 persons or organizations about individual ACH transactions that they originate or receive.

Be aware that phishing emails frequently have attachments and/or links to Web pages that host malicious code and software. Do not open attachments or follow Web links in unsolicited emails 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.

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 application security patches are installed and current.

Additional information and guidance on phishing is available on the Federal Deposit Insurance Corporation (FDIC) website. See also NACHA's website.

Are we there yet? (March 29 Blog by CEO Corey Chambas)

Tue, 29 Mar 2011 05:00:00 GMT

I hate to travel, but I like to go places.

The problem is you can't walk or even drive to places like Costa Rica or Florence, and if you have a three-day business trip in Phoenix, you're going to fly. When you fly (or at least when I fly) things often go awry. I'm in Phoenix as I write this and my journey here did not go smoothly. I experienced several flight delays, missed my connecting flight, sat waiting on the tarmac for both planes to take off, and upon landing in Phoenix after midnight, for a final touch, waited again for over a half-hour for a gate to open up. I arrived at my hotel at 2 a.m. - a very long day.

In my hotel room, I was overtired and couldn't fall asleep. Lying awake, I considered how the journey of traveling to a destination is similar to the journey of working toward accomplishing a goal. Whether personal or business, the journey to a destination can be challenging, a bit stressful, and frustrating. You set a good goal, develop a solid plan, set a due date, and expect the best. However, often it does not go as smoothly as you had envisioned or as quickly as you had planned. As in flying, delays are the most typical problem.

Emily Bradley of First Business Named One of Madison's 40 Under 40

Tue, 29 Mar 2011 05:00:00 GMT

MADISON, WI, March 29, 2011 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Emily Bradley has been named one of In Business Magazine's 40 Under 40 in the Madison area.

Emily is a Human Resources Associate with First Business Financial Services, and holds her PHR (Professional in Human Resources) certification from the Human Resource Certification Institute. She is responsible for the organization's recruiting function and also supports other human resources initiatives. 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, chaired the committee in 2009, and served as President-elect during 2010. Emily is currently serving as the President of WI-ACE for the 2011 term. Emily was the recipient of the WI-ACE President's Award earlier this year. 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 serves on the Board of Directors for the University of Wisconsin - La Crosse Alumni Association, 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 and Rosenberry Society.

Register for April 12 Education Event on Memory Power & Speed Reading

Thu, 24 Mar 2011 05:00:00 GMT

Milwaukee, WI, March 24, 2011 - First Business is hosting a networking and educational event April 12 at the Brookfield Suites Hotel & Convention Center. The topic is "Increase Your Effectiveness & Reduce Stress by Improving Your Memory Power and Reading Skills." Register by April 5.
Click here for details and registration.

Last Day to Register for Northeast';s March 30 Seminar on Energy Efficiency

Wed, 23 Mar 2011 05:00:00 GMT

MADISON, WI, March 23, 2011 - First Business is hosting a breakfast seminar March 30 at the Oshkosh Convention Center. The seminar is on "Utilizing Energy Efficiency to Improve Your Bottom Line." Today is the last day to register.

Click here for details and registration.

FBIZ: Maintain Neutral on Fourth Quarter Results

Mon, 21 Mar 2011 05:00:00 GMT

We are continuing our Neutral on First Business Financial Services, Inc. (FBIZ), as well as our $12.75 target price.

FBIZ posted fourth quarter diluted EPS of $0.24, up from the $0.14 loss per share reported last year, but $0.06 short of our $0.30 estimate. The shortfall was principally due to a larger-than-expected increase in the loan loss provision. At the same time, nonperforming assets jumped 25% sequentially to $40.2 million, and as a percentage of loans and related assets, climbed 91 basis points to 4.56%. Both of these developments disappointed and surprised us, but appear to be an aberration related to a single construction & land development loan. We expect asset quality measures to improve modestly going forward.

For the year, FBIZ earned $3.6 million before goodwill impairment charges, or $1.42 per diluted share, up 248% from the $1.0 million, or $0.41 per diluted share, posted in 2009. This year-over-year gain primarily stemmed from a 14% rise in net interest income to $32.0 million on a 27 basis-point increase in the net interest margin (average loans were flat), a 14% decline in the loan loss provision to $7.0 million, and modest 5% growth in noninterest expense, largely due to lower credit costs from collateral liquidations and foreclosures, which combined fell about one-third to $1.4 million. This was partly offset by a 45% increase in FDIC insurance premiums to $3.2 million.

While the outlook for loan demand for owner-occupied commercial real estate and commercial & industrial is improving, investor-owned commercial real estate and construction & land development remain weak. As a result, we are reducing our estimate for 2011 loan growth to 4% from 6% (vs 3% loan growth in 2010), with this offset by a slightly higher estimate for the net interest margin. Given these and a few other offsetting tweaks in our model, we are maintaining our 2011 diluted EPS at $1.80.

Near-term risks include greater-than-expected asset quality deterioration, a halt in the US economic recovery, and increased political risk, with longer term risks including reliance on the confidence-sensitive brokered deposit market and potential dilution from sale of additional common stock.

First Business Financial Services, Inc. (FBIZ or the Company) is a bank holding company headquartered in Madison, Wisconsin, with $1.1 billion in total assets at December 31, 2010. FBIZ specializes in business lending for small-medium-sized companies with sales ranging from $2-50 million. As an adjunct to these services, FBIZ also offers banking services to business owners, executives, professionals, and high net worth individuals, though this is a less significant part of its business.

First Business Financial Services Announces Dividend

Mon, 14 Mar 2011 05:00:00 GMT

MADISON, Wis., March 14, 2011 (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 2011 annualized dividend amount is $0.28 per share. The cash dividend is payable on April 15, 2011 to shareholders of record at the close of business on April 1, 2011.

First Business Files 2010 Form 10-K

Fri, 11 Mar 2011 06:00:00 GMT

MADISON, Wis., March 11, 2011 - First Business Financial Services, Inc. (Nasdaq:FBIZ) filed its Form 10-K today. To go http://www.snl.com/irweblinkx/docs.aspx?iid=1021886.

Register for March 22 Webinar on Preventing Internet Banking Fraud

Wed, 9 Mar 2011 06:00:00 GMT

MADISON, MILWAUKEE, and NORTHEAST WI, March 7, 2011 - First Business takes risk management seriously. We are a publicly-traded financial institution, with knowledge, insights, and best practices we want to share with you through a special invitation-only webinar.

Tuesday, March 22, 2011 from 2:00 p.m. to 3:30 p.m.

Dawn Siewert, Vice President of Information Technology at First Business Financial Services, and Wade Hanna, Assistant Vice President of Treasury Management at First Business Bank, will lead an informative webinar on risk management strategies as it relates to cyber crime. They will cover organizational cyber crime liability, best practices for protection, and tips for operating internet banking in a safe and secure manner. If you are the internet banking administrator, this webinar was designed for you. Join us and invite your co-workers who assist with day-to-day internet banking activities.

Dawn has over 25 years of experience in Information Technology, a Bachelor of Science Degree in Technology and Information Management from Upper Iowa University, an Information Technology Leadership Certificate from Santa Clara University's Leavey School of Business, and a Telecommunications Engineering Studies Certificate from the University of Texas at Austin. Dawn is a member of numerous Information Technology professional groups including Accelerate Madison and Infragard.

Wade has over 10 years of experience helping small- to medium-sized businesses manage their operating and short-term cash reserves. He advises on commercial account structure, strategies, and treasury management solutions to create efficiencies in the collections, payments and cash flow processes. He has completed coursework with the American Institute of Banking and holds a Bachelor of Science in Communications from the University of Wisconsin - Whitewater. Wade is an active member of the Breakfast Optimist Club of Madison and West Middleton Lutheran Church and is a past board member of Community Support Network and the Dug-Out Club.

Click here to register.

First Business Capital Corp. Announces Closed Deals

Mon, 7 Mar 2011 06:00:00 GMT

MADISON, WI, March 7, 2011 - Chuck Batson, President and CEO, announced today that First Business Capital Corp. recently closed the following deals: $6.0 million revolving line of credit to a Mississippi manufacturer/distributor of industrial apparel; and a $5.5 million revolving line of credit and equipment term loan to a Minnesota company in the food service industry. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

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.

### End of Release ###

NACHA Phishing Alert

Thu, 24 Feb 2011 06:00:00 GMT

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 and signed by a non-existent NACHA employee. Specifically, this email claims to be from the "Electronic Payments Association" and appears to be coming from the email address "payments@nacha.org." See a sample of the email below.

Be aware that phishing emails frequently have attachments and/or links to Web pages that host malicious code and software. Do not open attachments or follow Web links in unsolicited emails 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:payments@nacha.org [mailto:payments@nacha.org]
Sent: Tuesday, February 22, 2011 7:32 AM
To: Doe, John
Subject: ACH transaction rejected

The ACH transaction, recently sent from your checking account (by you or any other person), was cancelled by the Electronic Payments Association.

Please click here to view report
------------------------------------------------------------------

Otto Tobin,
Risk Manager
= = = = = = = = = = = = = = = = = = =

First Business Bank Promotes Charlotte Miller

Tue, 22 Feb 2011 06:00:00 GMT

MADISON, WI, February 22, 2011 - First Business Bank announced today that Charlotte Miller has been promoted to Senior Client Relationship Specialist. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

Charlotte has over 24 years of banking experience, predominately in the area of home mortgage lending. She is a graduate of Illinois State University in Normal, IL, with a bachelor's degree in elementary education. Charlotte volunteers at her church, and also helps out annually with the Waunafest Run in Waunakee, WI.

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.

New officers

Mon, 21 Feb 2011 06:00:00 GMT

Jim Jansen, president of Jonas Service and Supply, Green Bay, has joined First Business Bank-Northeast board of directors. Jansen is an active member of First Presbyterian Church and vice president of Green Bay Southwest High School Booster Club.

First Business Bank - Milwaukee Partners with Waukesha Chamber Manufacturing Alliance

Fri, 11 Feb 2011 06:00:00 GMT

Waukesha, WI - The Waukesha County Business Alliance in partnership with First Business Bank present The 2nd Annual New Faces of Manufacturing on March 4, 2011 from 11:15a.m. - 1:30p.m at Country Springs Hotel & Conference Center.

Click here for more details.

Panel of Waukesha County Executives, including:
Austin Ramirez, HUSCO International
Tony Mallinger, Metal-Era Inc.
Rick Steinke, Sentry Equipment Corp.
Al Antoniewicz, Spancrete Group, Inc.
Trent Spear, Waukesha Electric System/SPX

Moderated by:
Dave Vetta, First Business Bank

Agenda:
11:15-11:45a.m. - Registration & Networking
11:45a.m.-12:00p.m. - Lunch
12:00-1:30p.m. - Panel Presentation

About the Alliance
Waukesha County Business Alliance, a private, member-driven organization, has been the voice of business since its founding in 1918 as the Waukesha Association of Commerce. Initially established to serve the Waukesha business community, the Alliance evolved into the Waukesha County Chamber of Commerce to meet the diverse and changing needs of its members. Most recently, the Alliance joined forces with Waukesha County Action Network to create an even stronger unified voice for business in Waukesha County.

The Alliance boasts a membership of 900 members and is a strong driving force ensuring the region's economic vitality.

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
I hoped I wouldn't become a "one hit wonder." I thought of all the bands that have come out with a great first album. The material was written and played over many years. That album turns out great, but then they need to quickly follow up with a second album. It seems like that highly anticipated second album often stinks.

So what does this is have to do with business? It's the value that comes from sustained performance -- the need for consistency.

How do you consistently achieve good results?
Simply put, it's through consistent effort and a positive attitude and I believe there are three keys to this.

Jim Jansen Joins First Business Bank - Northeast Board of Directors

Fri, 4 Feb 2011 06:00:00 GMT

APPLETON, WI - February 4, 2011 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Jim Jansen joined its Board of Directors.

Jim Jansen is the President of Jonas Service and Supply, Inc., an industrial supply company that provides machine shops, foundries, and paper mills with cutting tools, abrasives, band saw blades, and janitorial supplies. Jonas Service and Supply, Inc. has a 24,000 square foot building located in Green Bay, WI. Jim has been with the company for 25 years, holding various management positions including his current as President and Owner. He is active at Green Bay Southwest High School, serving as Vice President of the Booster Club and coaching the girls basketball feeder program. Jim is also an active member of First Presbyterian church.

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.

FBIZ: Reducing Recommendation to Neutral from Outperform

Tue, 1 Feb 2011 06:00:00 GMT

We are reducing our recommendation on First Business Financial Services, Inc. (FBIZ) to Neutral from Outperform, as the stock has exceeded our previous target price. At the same time, we are increasing our new six-month price target to $12.75 to reflect the rolling over of estimates to the new year. When combined with the Company's current dividend yield, our new target price for FBIZ represents a total return of approximately 5%, in line with our expectations for broader U.S. equity market gains during this period. Therefore, we recommend a Neutral on FBIZ shares.

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

Wed, 26 Jan 2011 06:00:00 GMT

MADISON, WI, January 26, 2011 - 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, chaired the committee in 2009, and served as President-elect during 2010. Emily is currently serving as the President of WI-ACE for the 2011 term. 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 Associate with First Business Financial Services, and holds her PHR (Professional in Human Resources) certification from the Human Resource Certification Institute. She is responsible for the organization's recruiting function and handles basic HR Generalist responsibilities. 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 serves on the Board of Directors for the University of Wisconsin - La Crosse Alumni Association, 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 and Rosenberry Society.

About Wisconsin-Association of Colleges and Employers, Inc. (WI-ACE)
Founded in 1963, 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.wiace.org for details.

Emily Bradley of First Business is the recipient of award

Wed, 26 Jan 2011 06:00:00 GMT

MADISON, WI, January 26, 2011 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Emily Bradley has been awarded the WI-ACE President's Award.

Survey shows economic strength in northeastern Wisconsin

Fri, 14 Jan 2011 06:00:00 GMT

The economic recovery is gracing businesses in northeastern Wisconsin more quickly than those in other parts of the state, including the Madison area, according to a survey sponsored by First Business Bank.

First Business Economic Survey Reveals all Sectors of the State Show Similar Trends

Thu, 13 Jan 2011 06:00:00 GMT

(MADISON, WI) - January 13, 2011 - Wisconsin businesses appear cautiously optimistic for 2011 with at least 49 percent of businesses in all three geographic regions predicting increased revenue, profitability, and wages for 2011. Despite predictions for increased profits, none of the regions had more than 39 percent of businesses predict increased capital expenditures. No region had more than 29 percent of business predict that they would be increasing the number of employees for 2011. Additionally, 47 percent of companies forecast increasing operating costs for 2011.

Interestingly, the Northeast region of the state appears to be rebounding more quickly than Dane, Milwaukee and Waukesha Counties. The Northeast region had the highest percentage of firms reporting an increase in: actual sales revenue, actual profitability, and actual changes in wages. Northeast also had the highest percentage of firms reporting exceeding expectations for performance in 2010.

"In Northeast Wisconsin, results were led by significant increases in sales and profitability in the manufacturing sectors. This can be largely attributed to several large companies in the region drawing a fairly significant amount of the capacity of manufacturing firms. The continued success of several of those larger companies, coupled with a projected increase in capital expenditures for 2011, suggests companies believe 2011 could be even stronger," stated Mickey Noone, President of First Business Bank - Northeast.

The Northeast region appears the most optimistic regarding sales revenue in 2011, as 63 percent of firms forecast increasing revenue compared to only 58 percent and 56 percent for Dane County and the Milwaukee/Waukesha region respectively.

"Milwaukee and Waukesha County businesses have learned and implemented management strategies in the poor economy that are paying off," says Dave Vetta, President and CEO of First Business Bank - Milwaukee. "While we are not out of the woods, businesses are moving in the right direction."

The First Business Economic Survey for Dane County, Milwaukee/Waukesha Counties, and the Northeast region of the state 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. Results for each region were released late last year. The report released today looks at the state as a whole to compare economic realities across regions.

Additional survey findings include:

Both Dane County and the Milwaukee/Waukesha region show 46 percent of firms reporting decreased actual revenue.

Interestingly, the Northeast Region and the Milwaukee/Waukesha Region show nearly identical results for the capital expenditure category in 2010, an increase of 30.6 percent. Dane County followed closely at 30.1 percent.

The Northeast Region contained the smallest percentage of firms reporting decreased wages (14.3 percent) and the highest percentage of firms reporting increased wages (43.2 percent).

Across all areas, over 75 percent of firms are projecting either no change to wages or very slight increases (1-3 percent).

Businesses in Dane County, Milwaukee/Waukesha Counties, and Northeast Wisconsin faced almost identical reasons for low performance in 2010. Domestic sales shortfall was the most reported reason for not meeting expectations in all regions. Additional reasons cited were slow down in the housing market and higher operating costs.

Businesses in all three regions showed positive expectations for business performance in 2011.

Businesses in Northeast Wisconsin showed the highest percentage of firms expecting better performance next year, at 80.53 percent.

"Dane County showed the highest percentage of businesses that increased prices in 2010 and highest percentage of firms projecting increased prices for 2011," noted Mark Meloy, President & CEO of First Business Bank - Madison. "This may be an indication business owners believe they have no more meaningful expense reduction alternatives or their customers are simply ready to accept higher prices. It will vary by industry but higher costs seem to be on the horizon for many sectors."

The First Business Economic Survey is an annual project sponsored by First Business Bank. The survey is administered by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin, and mailed to business owners, CEOs, and CFOs at companies with five or more employees in three major business regions in Wisconsin: Dane County, Milwaukee and Waukesha Counties combined, and the 18 counties that make up Northeast Wisconsin. The survey asks respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators: sales revenue, operating costs, capital expenditures, profitability, staffing, wages, pricing, and operating capacity. The local results are presented at Economic Forums each December.

"There is reason for optimism," says Corey Chambas, President & CEO of First Business Financial Services, the Wisconsin-based holding company for First Business Bank. "2010 was a challenging year; however there are signs that Wisconsin businesses are weathering the storm. I witness this when I speak to local business owners in Madison, Milwaukee, and the Fox Valley, and I see it in the results of this report. The resilience and confidence of Wisconsin business owners is inspiring, and because our businesses are really interlinked - we're each other's suppliers, customers, etc. - you can't help but feel proud of our state's businesses and feel optimistic."

First Business Bank has been conducting the economic survey of Dane County for the past eight years. The survey was based on the responses of 449 Dane County businesses across the county. First Business Bank has been conducting the economic survey of Northeast Wisconsin for three years. The survey was based on the responses of 449 Northeast Wisconsin businesses across the Northeast region. This is the third year First Business has been conducted the economic survey of Milwaukee and Waukesha Counties. The survey was based on the responses of 628 Milwaukee and Waukesha County businesses across the two counties. The sample size has an error range of 5 percent 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 www.firstbusiness.com or call 608-238-8008 in Madison, 262-792-1400 in Milwaukee, or 920-734-1800 in Northeast Wisconsin.

2010 First Business Economic Survey Cross Regional Analysis & Podcast Posted

Thu, 13 Jan 2011 06:00:00 GMT

(Madison, Wi) - The First Business Economic Survey is an annual project sponsored by First Business Bank. The survey is administered by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin, and mailed to business owners, CEOs, and CFOs at companies with five or more employees in three major business regions in Wisconsin: Dane County, Milwaukee and Waukesha Counties combined, and the 18 counties that make up Northeast Wisconsin. The survey asks respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators: sales revenue, operating costs, capital expenditures, profitability, staffing, wages, pricing, and operating capacity. The local results are presented at Economic Forums each December. The report released today looks at the state as a whole to compare economic realities across regions.

Read the press release.

Listen to the podcast.

Read the full report.

First Business Bank has been conducting the economic survey of Dane County for the past eight years. The survey was based on the responses of 449 Dane County businesses across the county. First Business Bank has been conducting the economic survey of Northeast Wisconsin for three years. The survey was based on the responses of 449 Northeast Wisconsin businesses across the Northeast region. This is the third year First Business has been conducted the economic survey of Milwaukee and Waukesha Counties. The survey was based on the responses of 628 Milwaukee and Waukesha County businesses across the two counties. The sample size has an error range of 5 percent 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 www.firstbusiness.com or call 608-238-8008 in Madison, 262-792-1400 in Milwaukee, or 920-734-1800 in Northeast Wisconsin.

Financial Reform or Regress?

Thu, 13 Jan 2011 06:00:00 GMT

What does one make of a sweeping financial reform law with 2,319 pages, whose affects may not be known for awhile because the rules and regulations will be written over several years by federal bureaucrats with little or no political accountability? The harshest critics of Dodd-Frank, also known as the Wall Street Reform and Consumer Protection Act, believe it was passed with little understanding of its eventual outcomes. It's one of the pieces of legislation cited -- the new health care law being the other -- for embedding uncertainty into the business community for some time to come.

First Business Bank: Economic survey reveals all sectors of the state show similar trends

Thu, 13 Jan 2011 06:00:00 GMT

(MADISON, WI) - January 13, 2011 - Wisconsin businesses appear cautiously optimistic for 2011 with at least 49 percent of businesses in all three geographic regions predicting increased revenue, profitability, and wages for 2011. Despite predictions for increased profits, none of the regions had more than 39 percent of businesses predict increased capital expenditures. No region had more than 29 percent of business predict that they would be increasing the number of employees for 2011. Additionally, 47 percent of companies forecast increasing operating costs for 2011.

First Business Director Laurie Benson Recognized in IB';s Executive Hall of Fame

Tue, 11 Jan 2011 06:00:00 GMT

Madison, WI: First Business Bank - Madison Director Laurie Benson was selected as one of five top area executives for In Business Magazine's 2011 Hall of Fame. The Hall of Fame recognizes business executives that have what it takes to achieve business success and have made an innovative mark on their industries. 2011's list includes: James Imhoff, Chairman and CEO of First Weber Group; John Larson, Chairman and CEO of National Guardian Life Insurance Group; David Kruger, President of Fiore Companies; Jay Smith, Chairman and CEO of Teel Plastics, and Laurie Benson, CEO of LSB Unlimited. The 2011 group was selected by the 2010 Hall of Fame class that featured: David Anderson, President & CEO of American Family Insurance; David Walsh, Partner at Foley & Lardner; Tom Still, President of Wisconsin Technology Countil; and Kathleed Woit, President of Madison Community Foundation.

Read more about the 2011 group at ibmadison.com

First Business Capital Corp. Hires Ralph Kourtjian

Mon, 10 Jan 2011 06:00:00 GMT

DETROIT, MI, January 10, 2011 - First Business Capital Corp. (FBCC) announced today that Ralph Kourtjian has been hired as Vice President-Business Development Officer. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Ralph is responsible for new business development for the state of Michigan and is located in our southeastern Michigan office. He has over 20 years of asset-based experience including five years at Comerica Bank and seven years at Wells Fargo Business Credit. Ralph graduated with a B.S. in Finance from Oakland University and an M.B.A. in Finance from Wayne State University. He has been a member of the Detroit Chapter of the Turnaround Management Association for ten years and a board member from 2004-2007.

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.

### End of Release ###

First Business Capital Corp.: Hires Ralph Kourtjian

Mon, 10 Jan 2011 06:00:00 GMT

DETROIT, MI, January 10, 2011 - First Business Capital Corp. (FBCC) announced today that Ralph Kourtjian has been hired as Vice President-Business Development Officer. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

As recovery looms, new Wisconsin Governor Scott Walker ready to get jobs back in state

Sun, 9 Jan 2011 06:00:00 GMT

Gov. Scott Walker wore a navy blue suit and a red tie. His hair was prim, his manner polished. The room barely unpacked.

He paused between budget briefings, meetings and interviews on Friday - the end of his frenetic first week as Wisconsin's new leader - to talk with The Northwestern about his pledge to help grow the economy and open the state for business.

Survey shows gains in NE Wis. economy

Fri, 17 Dec 2010 06:00:00 GMT

APPLETON - After disappointment in 2009, a new survey shows business is better in Northeast Wisconsin, though not back to normal.

Business executives survey: Economic optimism plentiful in region

Fri, 17 Dec 2010 06:00:00 GMT

A survey of hundreds of business executives across Northeastern Wisconsin revealed that many reported sales and revenue increases in 2010 versus 2009 and a majority of respondents say the New Year will be even better.

Join a Live Webcast of the 2010 First Business Economic Forum of Northeast Wisconsin

Thu, 16 Dec 2010 06:00:00 GMT

How's business? We asked that question of Northeast Wisconsin business owners, CEO's, and CFO's. Their answers may surprise you. Visit insightonbusiness.com for a live webcast of the 2010 First Business Economic Forum. The webcast and interactive blog starts at 4:00pm on Thursday, December 16.

To view the webcast go to: www.insightonbusiness.com

To get a reminder email with a direct hyperlink to the webcast go to: http://www.firstbusiness.com/northeastliveevent/

Highlights of Northeast Wisconsin Economic Results Released

Thu, 16 Dec 2010 06:00:00 GMT

(APPLETON, WI) - December 16, 2010 - Key findings of the 2010 First Business Economic Survey of Northeast Wisconsin, which was conducted by the University of Wisconsin's A.C. Nielsen Center for Marketing Research in September and October of 2010, indicate businesses saw increased sales revenues and improved profits in 2010. Northeast Wisconsin businesses are optimistic and project this upswing to continue into 2011.

Key Findings for 2010:

The percentage of firms reporting increased sales revenues jumped from 20% to 50% in 2010 and the percentage of firms reporting increased profitability increased 12.5% to approximately 45%.

As more businesses are reporting increased profitability, internal operations are improving with increased capital expenditures and job growth.

Approximately 77% of businesses had unchanged or increased spending on capital expenditures in 2010, up from 62% in 2009.

Similarly, over 75% of businesses indicated maintaining or increasing the number of employees in 2010 compared to 58% in 2009.

Although many key indicators are up from 2009, they do not exceed the pre-recession levels reported in 2008.

Almost 43% of businesses did not meet their self-imposed expectations in 2010. Both sales revenue and profitability decreased by approximately 40% of Northeast Wisconsin businesses in 2010.

On top of these difficulties, 43% of businesses reported increased wage costs and 48% reported increased operating costs as a percent of revenue.

Businesses self-reporting into the manufacturing industry reported the biggest change in performance year-over-year. Approximately 68% of manufacturing firms reported increased sales in 2010 compared to 17% in 2009. Profitability increased for 49% of manufacturing firms compared to 30% in 2009. As a result of increased performance, 37.5% of manufacturing firms reported an increased in employees in 2010 compared to 13% in 2009.

Businesses reported high capacity utilization, with 80% of businesses reporting that they are operating at 70% capacity or higher.

This is the third year this study has been conducted. The 2010 First Business Economic Survey of Northeast Wisconsin survey was sent to 6,711 local businesses via email (3,000) and postcards (3,711); not for profit businesses and government agencies were not included in the survey. Of those, there were a total of approximately 163 valid online responses that adequately responded to questions pertaining to the key economic indicators. This equates to a response rate of approximately 5.43%. There were a total of approximately 286 valid online responses for mailed surveys which equates to a response rate of approximately 7.7%. This survey sample size has an error range of 0.05 and is at the 95 % confidence level. For the purposes of this report, Northeast Wisconsin is the 18 county region of Northeast Wisconsin, commonly referred to as New North. The counties include Outagamie, Winnebago, Calumet, Waupaca, Brown, Shawano, Oconto, Marinette, Door, Kewaunee, Sheboygan, Manitowoc, Fond du Lac, Green Lake, Marquette, Florence, Menominee, and Waushara.

View a live webcast at 4pm today www.insightonbusiness.com.

Northeast Wisconsin Businesses Indicate Improvements for 2010

Thu, 16 Dec 2010 06:00:00 GMT

(APPLETON, WI) - December 16, 2010 - Northeast Wisconsin Businesses saw increased sales revenue and improved profits in 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 and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, Insight Publications, and NorthStar Economics showed sales revenues jumped 30 percent -from 20 percent in 2009 to 50 percent in 2010. The percentage of firms showing increased profitability increased by 12.5 percent to nearly 45 percent.

"There is an upswing in economic activity," says David Ward, CEO of NorthStar Economics. "While we are certainly not out of the woods yet, these improvements are moving us in the right direction."

A key area of improvement is in the manufacturing sector where approximately 68 percent of manufacturing firms reported increased sales in 2010 compared to 17 percent in 2009. Capacity utilization is also on the upswing with 80 percent of businesses reporting they are operating at 70 percent capacity or higher.

Another key economic indicator, number of employees, increased significantly in 2010 with the manufacturing sector reporting a nearly 25 percent increase in the number of employees from 12.9 percent in 2009 to 37.7 percent in 2010. In addition, businesses in Northeast Wisconsin indicated a significant increase in wages for 2010, with 43 percent experiencing an increase in wage changes.

While major indicators are positive, 43 percent of Northeast Wisconsin businesses did not meet their self-imposed expectations for 2010. Ward says this points to the necessity for guarded optimism. "In many areas, we are still below pre-recession (2004-2007) levels," says Ward. "We need to be prepared for a slow, steady climb out of these somber economic times."

Each year the survey asks a current event question. In 2010, businesses were asked what techniques they used to weather the downturn in the economy. The number one response from businesses was
"improving internal efficiencies". More than half of respondents indicated this was a major force that made the greatest difference in getting through the tough economy.

"Business expectations are not markedly better than last year," says Mickey Noone, President - Northeast Region of First Business Bank. "But it's clear that the business community is coping with economic conditions and using their resources to move forward."

First Business Bank has been conducting the economic survey of Northwest Wisconsin for the past three years. The survey was based on the responses of 449 businesses across the county. The sample size has an error range of 5 percent and a confidence level of 95 percent. Full survey results are available by clicking here.

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, call 920-734-1800.

Editor's note: A live web video stream and blog of the event is being provided by ARK Media. The web streaming begins at 4 p.m. at wwww.insightonbusiness.com.

For a third party response to the survey, please contact Jeffrey Sachse at the Department of Workforce Development at 920.448.5268 or Jeff.Sachse@dwd.wisconsin.gov

Report: Business improving in Milwaukee, Waukesha counties

Thu, 16 Dec 2010 06:00:00 GMT

Milwaukee and Waukesha counties saw moderate business improvements in 2010, but continue to face challenges, according to a third annual report released Wednesday by First Business Bank at the First Business Economic Forum.

First Business survey: Business improved in 2010

Thu, 16 Dec 2010 06:00:00 GMT

Northeast Wisconsin Businesses saw increased sales revenue and improved profits in 2010, according to a report released today by First Business Bank at the invitation-only First Business Economic Forum.

Highlights of Milwaukee & Waukesha Counties Economic Results Released

Wed, 15 Dec 2010 06:00:00 GMT

(WAUKESHA, WI) - December 15, 2010 - Key findings of the 2010 First Business Economic Survey of Milwaukee and Waukesha Counties, which was conducted by the University of Wisconsin's A.C. Nielsen Center for Marketing Research in September and October of 2010, indicate businesses saw moderate improvements in 2010. Milwaukee and Waukesha businesses are optimistic. A majority of businesses saw their revenue and profitability either remain the same or increase in 2010.

Key Findings for 2010:

Overall, Milwaukee and Waukesha County businesses continue to report results that are worse than 2008 levels.

Over 48% of businesses did not meet self-imposed expectations in 2010. However this is an improvement from the 60% of businesses that failed to meet expectations in 2009.

Both profitability and sales revenue declined for 46% percent of businesses surveyed. On top of these difficulties, nearly 59% of responding businesses indicated an increase in operating costs as a percent of revenue.

Despite these negative indicators, there is still reason to be optimistic. A majority of businesses indicated that their revenue and profitability either remained unchanged or increased in 2010. This is a dramatic turnaround from 2009 when 72% of business indicated decreased revenue and 68% indicated decreased profitability.

Job growth moved in a positive direction as approximately 71% of those surveyed indicated maintaining or increasing employees in 2010. This offers some hope when compared to the nearly 49% of companies that decreased their number of employees in 2009.

Job growth is likely to continue to be slow, however, as nearly 60% of firms project adding no employees and 11.5% project cutting employees in the upcoming year.

Wages rebounded slightly in 2010 as well. Approximately 37% of businesses increased wages in 2010, compared to 28% in 2009, and 50% of businesses expect to increase wages for 2011.

Businesses are dealing with increased expenses and operating costs. As noted above the majority of businesses saw an increase in operating costs and 30% of businesses noted an increase in capital expenditures up from 19% in 2009. However, it should be noted that a relatively small amount of this increased cost was passed on to the customer. Of all the businesses surveyed, 67% indicated no change to their pricing or an increase of 3% or less. In the future, customers are likely to see an increased portion of this burden as 45% of businesses project price increases for 2011.

Capacity Utilization shifted towards higher utilization rates compared to 2009, although it did not reach the levels seen in 2008. Despite the poor economy, 72% of businesses expect to perform better in 2011, up from 65% a year ago, and the attitude in open-end responses was generally optimistic for the future.

While all businesses are reporting a turnaround with increases in both revenue and profitability, businesses self-selecting into the manufacturing sector showed much larger differences than other sectors. Across almost all economic indicators, manufacturing businesses posted significant changes from the prior year. The percentage of manufacturing firms reporting increased sales revenue jumped from 13% in 2009 to 60% in 2010. Over 52% of manufacturing firms indicated increased profitability up from 18% in 2009. The manufacturing sector also posted significant improvements in the wage and number or employee categories. However, even with this remarkable rebound the sector was not immune to the increase in operating costs and capital expenditures seen in other sectors. Some of these increased costs will certainly be passed on to the customer as 40% of manufacturing firms projected increased prices in 2011.

This was the third year for the study. The survey was sent to 8,693 businesses in Milwaukee and Waukesha Counties that were reported to have five or more employees and was addressed to the CEO, CFO, President, and/or business owner. The survey asked respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators in each of the following areas: Sales Revenue, Profitability, Total Operating Costs as a % of Revenue, Capital Expenditures, Number of Employees, Overall Wage Change, Change in Pricing, and Operating Capacity.

Milwaukee-Waukesha County Businesses Saw Modest Improvements in 2010

Wed, 15 Dec 2010 06:00:00 GMT

(BROOKFIELD, WI) - December 15, 2010 - Milwaukee and Waukesha County businesses saw moderate improvements in 2010, but continue to face challenges, 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, showed that 48 percent of businesses did not meet self-imposed expectations for 2010.

While profitability improved - nearly 39 percent of businesses indicated an increase in profitability for 2010 compared to only 21 percent in 2009 - nearly half of businesses reported decreased profitability in 2010.
In addition, the majority of businesses saw an increase in operating costs as a percent of revenue.

On a positive note, it seems personnel reductions from the down economy have already hit the low mark. Job growth continues to move upward as about 71 percent of respondents indicated maintaining or increasing employees in 2010. Wages also rebounded somewhat, with 37 percent of companies increasing wages in 2010, compared to only 28 percent in 2009. Expectations show 50 percent of companies expect to increase wages in the coming year.

"This is really a tale of two economies - a dismal 2009 with much stronger expectations for 2011," says Tom Hefty, retired chairman & CEO of Cobalt Corporation, and its subsidiary, BlueCross BlueShield United of Wisconsin. "This is a year of transition. The silver lining for 2010 is that the manufacturing sector is seeing some signs of exceptional strength."

Across almost all economic indicators, manufacturing businesses reported much greater improvement than other sectors. The percentage of manufacturers reporting sales revenue increases jumped more than four fold in 2010, from 13 percent in 2009 to 60 percent in 2010. In addition, more than 52 percent of manufacturing businesses saw increased profitability in 2010.

"Milwaukee and Waukesha County businesses have learned and implemented management strategies in the poor economy that are paying off," says Dave Vetta, President and CEO of First Business Bank - Milwaukee. "While we are not out of the woods, businesses are moving in the right direction."

Each year the survey asks a current event question. In 2010, businesses were asked what techniques they used to weather the downturn in the economy. The number one response from businesses was "improving internal efficiencies". More than half of respondents indicated this was a major force that
made the greatest difference in getting through the tough economy.

First Business Bank has been conducting the economic survey of Milwaukee and Waukesha Counties for the past three years. The survey was based on the responses of 628 businesses across the two counties. The sample size has an error range of 5 percent and a confidence level of 95 percent. Full survey results are available by clicking here.

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, call 262-792-1400.

Editor's note: A live web video stream and blog of the event is being provided by Carroll University. The web streaming begins at 8:00 a.m. at http://www.carrollu.edu/events/FBBEconForum2010.html

For a third party response to the survey, please contact Elizabeth (Betsy) Falk at the Department of Workforce Development at 262.638.6602 or ElizabethC.Falk@dwd.wisconsin.gov

Join a Live Webcast of the 2010 First Business Economic Forum of Milwaukee & Waukesha Counties

Mon, 13 Dec 2010 06:00:00 GMT

How's business? We asked that question of Milwaukee and Waukesha County business owners, CEO's, and CFO's. Their answers may surprise you. Visit carrollu.edu for a live webcast of the 2010 First Business Economic Forum. The webcast and interactive blog starts at 8:00am on Wednesday, December 15.

To view the webcast go to: http://www.carrollu.edu/events/FBBEconForum2010.html

To get a reminder email with a direct hyperlink to the webcast go to: http://www.firstbusiness.com/milwaukeeliveevent/

United Way in Waukesha County makes push to reach goal

Mon, 13 Dec 2010 06:00:00 GMT

Waukesha - United Way in Waukesha County is appealing for one last push - and $176,000 - to reach its campaign goal of $4.3 million by the end of December.

New Faces, New Places for Dec. 13

Sun, 12 Dec 2010 06:00:00 GMT

First Business Bank-Milwaukee promoted Lynn Sigfred to vice president.

Highlights of Dane County Economic Results Released

Wed, 8 Dec 2010 06:00:00 GMT

MADISON, WI - December 8, 2010 - Key findings of the 2010 First Business Economic Survey of Dane County, which was conducted by the University of Wisconsin's A.C. Nielsen Center for Marketing Research in September and October of 2010, indicate businesses saw improved sales, revenue and profits in 2010.

Key Findings for 2010:

Many key indicators were up significantly from 2009 including overall performance, sales revenue, profit, and capital expenditures.

Sales revenue saw the biggest change of any single indicator as 42 percent of businesses reported increased sales revenue (up from 28 percent in 2009) and 46 percent reported a decrease (down from 62 percent in 2009). Manufacturing made major improvements over its 2009 results. 50 percent of this sector reported a sales increase, compared to only eight percent in 2009.

The retail sector showed a similar, but less dramatic, pattern with significant increases in sales revenue and decreases in falling revenue.

Fifty-six percent of businesses met or exceeded expectations compared to only 48 percent in 2009.

Despite improvements in many areas, economic indicators continue to lag behind pre-recession levels almost universally.

The percentage of businesses reporting increases did not change significantly for number of employees or overall wages.

There was a significant decrease in the percentage of firms lowering wages (down from 23.2 percent in 2009 to 16.6 percent in 2010) and a significant increase in those maintaining the status quo (45 percent in 2010).

The percentage of firms cutting employees dropped from 40 percent in 2009 to 33 percent in 2010.

When asked what methods they employed to weather the downturn in the economy, the number one response from businesses was "improving internal efficiencies".

Over 50 percent of respondents indicated this as one of the things that made the greatest difference in getting through the tough economy.

Expectations for 2011 are positive.

At least 79 percent of businesses expect to perform better in the coming year.

Across all economic indicators, a majority of businesses are predicting 2011 will be as good as or better than 2010.

This is a tempered optimism as these expectations are not notably better than last year.

About the Survey
This was the eighth year for the study. The survey was sent to 3,973 businesses in Dane County that were reported to have five or more employees and was addressed to the CEO, CFO, President, and/or business owner. The survey asked respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators in each of the following areas: Sales Revenue, Profitability, Total Operating Costs as a Percent of Revenue, Capital Expenditures, Number of Employees, Overall Wage Change, Change in Pricing, and Operating Capacity.

Dane County Businesses Saw Improvements in 2010

Wed, 8 Dec 2010 06:00:00 GMT

FIRST BUSINESS ECONOMIC SURVEY OF DANE COUNTY INDICATES BUSINESSES SAW IMPROVEMENTS IN 2010
Sales, Profits and Revenue up in 2010

(MADISON, WI) - December 8, 2010 - Dane County businesses saw improved sales, revenue and profits in 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 sales revenue saw the biggest change of any single indicator as 42 percent of businesses reported increased sales revenue and 56 percent of businesses met or exceeded expectations compared to only 48 percent in 2009. This is a reversal of a trend of decreased sales revenue which lasted from 2005-2009.

"Compared to last year, this is a very positive report," says Scott Converse of the UW-Madison School of Business. "The data is showing a definite rebound effect for Dane County businesses. I'm especially pleased with the numbers in the manufacturing sector."

Manufacturing made significant improvements. The percentage of firms reporting an increase in sales revenue increased by more than 40 percentage points, from 8.5 percent in 2009 to 50 percent in 2010. The survey also indicates that the percentage of firms showing an increase in profitability improved for the first time since 2006.

The survey reported that the percentage of businesses increasing wages or the number of employees did not significantly change. There was a noteworthy decrease in the percentage of firms that decreased wages in 2010, down from 23.2 percent in 2009 to 16.6 percent in 2010. The percentage of businesses that reported cutting employees dropped to 33 percent in 2010 from 40 percent in 2009.

Converse says these two economic indicators, staffing and wages, are very telling. "While the report shows a positive trend, I'm tempering my enthusiasm. Employee headcount and wages are still lagging behind the other economic indicators, and all indicators are still below their pre-recession levels. We've still got some work ahead of us," says Converse.

This guarded optimism seems to be carrying into expectations for 2011 as nearly 80 percent of businesses expect to perform better in the coming year, up only slightly from 2009.

"Business expectations are modestly better than last year," says Mark Meloy, President and CEO of First Business Bank, "which is consistent with direct conversations I have with business owners in the community. There is always a correlation between uncertainty and risk and as business owners' confidence increases so will their willingness to invest in their companies' future."

Each year the survey asks a current event question. In 2010, businesses were asked what techniques they used to weather the downturn in the economy. The number one response from businesses was "improving internal efficiencies". More than half of respondents indicated this was a major force that
made the greatest difference in getting through the tough economy.

First Business Bank has been conducting the economic survey of Dane County for the past eight years. The survey was based on the responses of 449 businesses across the county. The sample size has an error range of 5 percent and a confidence level of 95 percent. Click here for full survey results.

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, call 608-238-8008.

Editor's note: A live web video stream and blog of the event is being provided by Channel3000. The web streaming begins at 8:00 a.m. at Channel3000.com.

For a third party response to the survey, please contact Eric Grosso at the Department of Workforce Development at 608-266-7034 or eric.grosso@dwd.wisconsin.gov.

Full Report Posted for First Business Economic Survey of Dane County

Wed, 8 Dec 2010 06:00:00 GMT

Madison, WI - December 8, 2010 - The full results of the First Business Economic Survey of Dane County were released today. Click here for the report. See the links for "Download Survey" to view the survey instrument and "Download Full Report" to see the 54 page report from the AC Nilsen Center for Marketing Research at the University of Wisconsin - Madison.

First Business Bank: Economic survey of Dane County indicates businesses saw improvements in 2010

Wed, 8 Dec 2010 06:00:00 GMT

(MADISON, WI) - December 8, 2010 - Key findings of the 2010 First Business Economic Survey of Dane County, which was conducted by the University of Wisconsin's A.C. Nielsen Center for Marketing Research in September and October of 2010, indicate businesses saw improved sales, revenue and profits in 2010.

Join a Live Webcast of the 2010 First Business Economic Forum

Tue, 7 Dec 2010 06:00:00 GMT

How's business? We asked that question of Dane County business owners, CEO's, and CFO's. Their answers may surprise you. Visit Channel3000.com for a live webcast of the 2010 First Business Economic Forum. The webcast and interactive blog starts at 8:30am on Wednesday, December 8.

To view the webcast go to: www.channel3000.com/economicsurvey/

Local Economic Survey Takes Dane County';s Pulse

Tue, 7 Dec 2010 06:00:00 GMT

MADISON, Wis. -- Forget wonky bureaucratic data. Every year for the past eight, the First Business Economic Survey has asked every business leader in Dane County how they have fared in the past year and what they expect in the next.

First Business Financial Services: First Business Bank-Milwaukee promotes Lynn Sigfred, CTP

Fri, 3 Dec 2010 06:00:00 GMT

MILWAUKEE, WI, December 3, 2010 - First Business Bank-Milwaukee announced today that Lynn Sigfred, CTP®;; has been promoted to Vice President. First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

First Business Financial Services: Promotes Rick Nelson and Pamela Gould

Thu, 2 Dec 2010 06:00:00 GMT

MADISON, WI, December 2, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Rick Nelson and Pamela Gould have been promoted to Senior Credit Analysts.

Where';s my magic bullet? (Nov 30 blog by CEO Corey Chambas)

Wed, 1 Dec 2010 06:00:00 GMT

At the conclusion of a recent planning session, one of our board members asked me what I thought about the whole planning process. I blurted out, "It was really hard." And it was. A lot of hard work went into it. Usually I filter my thoughts a bit more before I speak, but it was a long day and I was tired and just being honest.

First Business Economic Survey Instruments Posted

Mon, 29 Nov 2010 06:00:00 GMT

In September and October of 2010, Wisconsin business owners, CEOs, and CFOs participated in the annual First Business Economic Survey. The survey asked respondents to evaluate the current, and predict the future performance of their businesses on eight key economic indicators: sales revenue, operating costs, capital expenditures, profitability, staffing, wages, pricing, and operating capacity. See a copy of the 2010 surveys: Dane County, Milwaukee and Waukesha Counties, and Northeast Wisconsin.

Join us for the Live Economic Forums:

December 8 - Dane County
Event will feature: Scott Converse, Wendy Warren Grapentine, Deb Archer, Mike Victorson, Ralph Kauten, Jay Loewi, and Corey Chambas. See event details. Reserve your seat.

December 15 - Milwaukee and Waukesha Counties
Event will feature: Tom Hefty, Lynn Sprangers, Kent Lorenz, Christine Holloway, and Wayne Wiertzema. See event details. Reserve your seat.

Decmber 16 - Northeast Wisconsin
Event will feature: David Ward, Margaret LeBrun, Steve Morton, Karen Monfre, Peter Helander, Tom Bolt, and Richard McCreary. See event details. Reserve your seat.

The First Business Economic Survey is an annual project sponsored by First Business Bank. The survey is administered by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin, and mailed to business owners, CEOs, and CFOs at companies with five or more employees in Dane County, Milwaukee County, Waukesha County, and the 18 counties that make up Northeast Wisconsin. The results are presented at local Economic Forums. The forum includes a presentation of the survey results, and a panel discussion by local business owners.

Register today.

First Business Bank: Richard McCreary & Tom Boldt amongst panelists at 2010 First Business Economic

Mon, 29 Nov 2010 06:00:00 GMT

APPLETON, WI - NOVEMBER 29, 2010 - First Business Bank, along with the A.C. Nielsen Center for Marketing Research at the University of Wisconsin - Madison School of Business, Insight Publications, and -NorthStar Economics, will release the results of the 2010 First Business Economic Survey of Northeast Wisconsin at the First Business Economic Forum scheduled for December 16, 2010 from 3:45 p.m. - 6:00 p.m. at the Butte des Morts Country Club in Appleton, WI.

2010 First Business Economic Forums Announced

Thu, 18 Nov 2010 06:00:00 GMT

Wisconsin business owners, CEOs, and CFOs have completed their annual First Business Economic Surveys. Find out what they're saying about business in 2010 and their predictions for 2011.

December 8 - Dane County
Event will feature: Scott Converse, Wendy Warren Grapentine, Deb Archer, Mike Victorson, Ralph Kauten, Jay Loewi, and Corey Chambas. See event details. Reserve your seat.

December 15 - Milwaukee and Waukesha Counties
Event will feature: Tom Hefty, Lynn Sprangers, Kent Lorenz, Christine Holloway, and Wayne Wiertzema. See event details. Reserve your seat.

Decmber 16 - Northeast Wisconsin
Event will feature: David Ward, Margaret LeBrun, Steve Morton, Karen Monfre, Peter Helander, Tom Bolt, and Richard McCreary. See event details. Reserve your seat.

The First Business Economic Survey is an annual project sponsored by First Business Bank. The survey is administered by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin, and mailed to business owners, CEOs, and CFOs at companies with five or more employees in Dane County, Milwaukee County, Waukesha County, and the 18 counties that make up Northeast Wisconsin. The results are presented at local Economic Forums. The forum includes a presentation of the survey results, and a panel discussion by local business owners.

Register today.

Pick me! Pick me! (Nov 16 blog by CEO Corey Chambas)

Wed, 17 Nov 2010 06:00:00 GMT

The recent elections were at the forefront of our world -- there was no escaping the news coverage or the incessant commercials! That got me thinking about leadership roles. In business, management fills a leadership role similar to government officials. One difference is supervisors and leaders in business are appointed and not elected. They are really more like the coaching staff of a baseball team.

First Business Trust & Investments Surpasses $500 Million in Assets

Wed, 17 Nov 2010 06:00:00 GMT

MADISON, WI - November 17, 2010: First Business Trust & Investments announced today that it has surpassed $500 million in assets under administration. First Business Trust & Investments, a division of First Business Bank, offers a full line of products and services including investment management services, trust services, and retirement plan services to individuals and corporations.

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, call 608-218-8000.

Maintain Outperform on FBIZ

Fri, 5 Nov 2010 05:00:00 GMT

We are maintaining our Outperform recommendation on First Business Financial Services, Inc. ( FBIZ - Analyst Report ) posted third quarter diluted EPS of $0.38, down 28% from the $0.53 earned last year and $0.06 shy of our $0.44 estimate, principally due to a larger-than-expected increase in the loan loss provision. This was the result of growth in the loan portfolio. Loans outstanding rose 4.1% sequentially to $880 million as the Company closed a few big loan deals near the end of the quarter.

Mickey Noone on Running A Cashless Bank

Tue, 2 Nov 2010 05:00:00 GMT

In 2010 and into 2011, we're helping companies focus more on what they do best. Through this economic cycle, a lack of focus has cost some companies survival - or certainly, success. For those that went back to their competitive advantage, hopefully that helped pull them through and the damage was minimal.

First Business Bank is the only publically-held, Wisconsin-based bank to make money throughout this cycle, so we've had a level of success. We attribute that to our niche: business and commercial lending for small- to medium-sized businesses.

Our model is even different than our holding company model in that we are entirely cashless.

(See page 19 on the following link.)

You Gotta Have Faith (Nov 2 blog by CEO Corey Chambas)

Tue, 2 Nov 2010 05:00:00 GMT

No, this is not a religious call to action or a George Michael reference. I started thinking about how "you gotta have faith" in the aftermath of the Badger vs. Hawkeyes game. The coaches and players made several references to "having faith" and "believing" they could beat Iowa. This was when none of the pundits thought they could follow up the emotional win over number one Ohio State with a strong enough effort to win at Iowa. (I have to admit I was one of those.) As I read their remarks, I couldn't help but make the connection to business.

Sweat the Details (Oct 19 blog by CEO Corey Chambas)

Wed, 20 Oct 2010 05:00:00 GMT

People always say, "don't sweat the details," but I say for business success it's critical to sweat the details. The details are the difference between adequate service and exceptional service, between satisfied clients and loyal clients, and good and great companies.

Expert Dissects Dane County Economic Survey

Tue, 12 Oct 2010 05:00:00 GMT

Often the weather is a much-anticipated topic of conversation, especially when the forecast doesn't look so good. But in the wake of a gloomy recession, economists have rivaled meteorologists as the popular experts of the news du jour. Like snow accumulation and school closing updates, our ears now train toward profit and loss statements and employment and wage changes.

Scott Converse, director of technology programs for the UW-Madison School of Business, has become a well-respected voice on these economic indicators locally. For the last seven years First Business Bank has sponsored the only economic survey of all Dane County businesses, conducted by the UW's A.C. Nielsen Center for Marketing Research. It's Converse's job to comb through the responses and present its most interesting, and for the past three years startling, results to the local business community.

"Two years ago, we had the spike in energy costs so it just rippled throughout the entire survey," says Converse. "Last year we were in the front end of the recession and we saw a lot of abysmal projections ... This year we've got the abysmal actuals."

New Faces, New Places for Oct. 10

Sun, 10 Oct 2010 05:00:00 GMT

First Business Capital Corp., Madison, promoted Kevin McGraw to field examiner, hired Brian Mulrooney as a field examiner and Amanda Gentz as a collateral analyst.

Marquette Economics Chair Named to Chicago Fed Advisory Council

Fri, 8 Oct 2010 05:00:00 GMT

Dr. Chowdhury is a consulting economist to First Business Trust & Investments. Congratulations to Abdur!

MILWAUKEE - Abdur Chowdhury, chair and professor of economics in Marquette University's College of Business Administration, has been appointed to the Chicago Federal Reserve Bank's Academic Advisory Council. Chowdhury will join more than a dozen other professors from institutions within the Chicago Fed's district to provide monetary policy advice to the central bank.

The Fed's Academic Advisory Council meets twice annually in March and September. Charles Evans, Chicago Fed president, presides over the daylong meetings, which typically include Fed presentations on the economy and a roundtable discussion.

"I am honored and excited about this unique opportunity," Chowdhury said. "That the Fed recognizes the value we economics professors can bring to shaping economic policy is laudable."

"Dr. Chowdhury's appointment to the Fed's Academic Advisory Council is a shining example of our college's commitment to research with relevance," said Linda Salchenberger, Keyes Dean of Business Administration. "Not only do our students benefit from his research, but now the Federal Reserve will have the opportunity to capitalize on Dr. Chowdhury's keen economic analysis in very practical ways."

Chowdhury specializes in open economy macroeconomics and monetary policy. As the chief economist for Capital Market Consultants in Milwaukee, he prepares quarterly and monthly commentaries on U.S. and global economic issues and challenges. He also provides regular advice on economic policy issues to a number of investment firms and financial institutions.

From 2003-2008, Chowdhury worked as the chief economist and director of the Economic Analysis Division at the United Nations Economic Commission for Europe (UNECE) in Geneva, Switzerland.
Prior to joining the United Nations. He also worked as a senior researcher at the Central Bank of Finland and Senior Fulbright Scholar in Thailand. He is widely published in international professional journals, newspapers and other media outlets on a variety of global macro and monetary issues.

To interview Chowdhury or to request a photo, please contact Christopher Stolarski in the Office of Marketing and Communication at (414) 288-1988 or christopher.stolarski@marquette.edu.

Dan Olszewski Joins First Business Bank Board of Directors

Wed, 6 Oct 2010 05:00:00 GMT

MADISON, WI - October 6, 2010 - First Business Bank announced today that Dan Olszewski has joined its Board of Directors. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Dan is the Director of the Weinert Center for Entrepreneurship at the UW-Madison School of Business. He has held various positions with privately owned companies such as Parts Now! and Katun Corporation, and been a member of several different boards. Dan is a graduate of the UW-Madison with a B.S. in Economics and Computer Sciences. He also holds an M.B.A. from the Harvard Graduate School of Business Administration.

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 loans, treasury management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

First Business Financial Services: Dan Olszewski joins First Business Bank board of directors

Wed, 6 Oct 2010 05:00:00 GMT

MADISON, WI - October 6, 2010 - First Business Bank announced today that Dan Olszewski has joined its Board of Directors. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

How';s Your Economy? (Oct 5 blog by CEO Corey Chambas)

Tue, 5 Oct 2010 05:00:00 GMT

It's not about the economy; it's about your economy. By your economy, I mean your company's economic situation (as opposed to your personal economic situation, which is a whole other issue).

When people talk about "the economy" they are usually referring to the national economy. It's what you read about in newspapers and online. Overall, that economy is pretty bad. The statistics referenced are averages, and as we all know, averages can be misleading. It makes me think of the old analogy: if you have one hand on the stove and the other in a bucket of ice, on average you're feeling just right. Similarly, you might have an economy that is flat, with half the economy growing at 10% and half shrinking at 10%. Averages can be misleading.

Why does it matter?

First Business Capital Corp. Promotes Kevin McGraw, Hires Brian Mulrooney and Amanda Gentz

Mon, 4 Oct 2010 05:00:00 GMT

MADISON, WI, October 4, 2010 - First Business Capital Corp. (FBCC) announced today that Kevin McGraw has been promoted to Field Examiner, Brian Mulrooney has been hired as a Field Examiner and Amanda Gentz has been hired as a Collateral Analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Kevin is responsible for conducting field examinations of existing and prospective clients. Kevin is a graduate of the University of Wisconsin - Whitewater, where he earned a Bachelor of Business Administration degree in Accounting.

Brian is responsible for conducting field examinations of existing and prospective clients. Brian is a graduate of the University of Wisconsin - La Crosse, where he earned degrees in Accounting and Finance.

Amanda is responsible for working daily with existing clients on loan advances, collateral reporting, and other operational issues. Prior to joining FBCC, Amanda was an Asset Based Lending Account Representative at Amcore Bank, which has been acquired by Harris Bank. She graduated from Rasmussen College with an Associate degree in Accounting in 2008 and is currently pursuing a Bachelor's degree in Finance at Columbia College.

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.

### End of Release ###

Website Will be Down the Morning of October 9

Thu, 30 Sep 2010 05:00:00 GMT

The First Business website will be down for service on Saturday, October 9 from 12:01am to 6:00am. We appologize in advance for the inconvenience. If you have any concerns, please contact us to see if we can help find a workaround for your needs.

First Business Bank - Madison
(608) 238-8008

First Business Bank - Milwaukee
(262) 792-1400

First Business Bank - Northeast
(920) 734-1800 (Appleton)
(920) 231-2400 (Oshkosh)
(920) 435-5442 (Green Bay)

First Business Trust & Investments
(608) 218-8000 (Madison)
(262) 792-7150 (Milwaukee)
(608) 232-5000 x2187 (UW Credit Union)
(920) 734-1800 (Appleton)
(920) 231-2400 (Oshkosh)
(920) 435-5442 (Green Bay)

First Business Capital Corp.
(608) 233-6385

First Business Equipment Finance
(262) 792-7180 (Milwaukee)
(608) 233-6385 (Madison)
(920) 734-1800 (Northeast)

First Business Financial Services, Inc.
608) 238-8008

Patience is a Virtue ... But Maybe Not in Business

Wed, 22 Sep 2010 05:00:00 GMT

First Business Financial Services Announces Dividend

Fri, 17 Sep 2010 05:00:00 GMT

MADISON, Wis., Sept. 17, 2010 (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 2010 annualized dividend amount is $0.28 per share. The cash dividend is payable on October 15, 2010 to shareholders of record at the close of business on October 1, 2010.

Dave Vetta Speaks on United Way of Waukesha County';s Flash Mob Event

Thu, 16 Sep 2010 05:00:00 GMT

First Business Financial Services, Inc. Promotes Ken James; Hires Andrea Grunenwald and Melanie Cass

Wed, 15 Sep 2010 05:00:00 GMT

MADISON, WI, September 15, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Ken James has been promoted to Vice President of Credit Administration, Andrea Grunenwald has been hired as a Loan Support Representative, and Melanie Cass has been hired as a Loan Services Representative.

Ken has over 18 years of banking experience and holds a B.A. in Communications with a double minor in Business Management and Marketing from Western Illinois University. Ken is Treasurer of the Middleton Springs Condominium Association and celebrated his sixth anniversary with First Business earlier this year.

Andrea has over seven years of banking experience in various fields such as loan servicing, item processing, and escrow servicing. She moved to Madison from Milwaukee to further her career and to earn a degree in Business and Finance.

Melanie comes to First Business with over eight years of lending experience and has held several different banking positions. While gaining her lending experience, she also attended Edgewood College part-time. In May 2009 she obtained her Bachelor of Science degree in Organizational Leadership and Development.

Kim Preston Awarded Diploma from the Graduate School of Banking

Wed, 15 Sep 2010 05:00:00 GMT

MILWAUKEE, WI, September 15, 2010 - First Business Bank-Milwaukee announced today that Kim Preston has been awarded a diploma from the Graduate School of Banking at the University of Wisconsin-Madison. First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Kim Preston was awarded a diploma on August 20, 2010, at commencement exercises during the 66th annual session of the prestigious Graduate School of Banking at the University of Wisconsin-Madison.

The School, sponsored by the 18 state bankers associations comprising the Central States Conference of Bankers Associations, and the University of Wisconsin-Madison, was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership. Instruction at the Graduate School of Banking takes place during two-week resident sessions for three consecutive summers, along with comprehensive study between summer resident sessions. The curriculum focuses on the management of strategic issues faced by banking executives and financial services industry professionals.

The Graduate School of Banking enrolls approximately 550 US and international professionals each year. Over 85 esteemed academicians, economists, government officials, and industry professionals comprise the School's faculty.

Craig Goodlock, Chairman and CEO of Farmers Sate Bank in Munith, Michigan, was the featured speaker at commencement; Mr. Goodlock is a 1992 graduate of the Graduate School of Banking.

FOR FURTHER INFORMATION CONTACT:
Graduate School of Banking
800-755-6440
www.gsb.org

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 Bank';s Jim Hartlieb to be Panelist at Joint Ventures & Sale/Leasebacks Seminar

Fri, 10 Sep 2010 05:00:00 GMT

MADISON, Wis., Sept. 10, 2020 - Jim Hartlieb, Senior Vice President of First Business Bank - Madison, will be a presenter at Welton Enterprises' October 20, 2010 Joint Venture and Sale/Leasebacks seminar. Other panelists include: Steve Pullara of Smith & Gesteland, Kellye Golden of M3 Insurance, and Doug Buck of Foley & Lardner. Kurtis Welton will act as moderator for the event. Click here to learn more and/or register.

Waukesha';s United Way organizes flash mob

Wed, 1 Sep 2010 05:00:00 GMT

Lunchtime crowds in downtown Waukesha were greeted bye a flash mob. It was put together by the United Way for it's 2010 campaign. FOX6 cameras were there to see the five minute demonstration.

The Waukesha County United Way used everything from texting to Facebook to Twitter to gather a crowd of demonstrators. United Way Rep Jayne Thoma says, "Students from Carroll University. We've got a number of students from Waukesha School District. We have a number of individuals from companies that are supporting the United Way campaign that are going to be here today well over 200."

After a quick rally they moved to the center of Waukesha all wearing 'Live United" t-shirts, and on cue flashed their shirts to the lunchtime traffic.

They also carried signs highlighting how the United Way touches thousands of lives. Thoma says, "Help the community, be aware of needs in our community. We've recently set a goal of $4.3M here in Waukesha County."

They were all speaking to those Waukesha County residents who do not contribute to the campaign. Co-Chair of the 2010 Campaign Dave Vetta says, "I'll tell you we have about 20% of Waukesha County that's using the United Way, and about 5% of Waukesha County that's giving. So we have to make sure that people that have been giving recognize how important it is."

The flash mob was brief just a few minutes, but hopefully the message got through. Thoma says, "Many of the non-profits are struggling and out hope is that they can really count on United Way, and consistent funding for the 2011 calendar year."

The United Way campaign in Waukesha County runs through the end of November.

Source: FOX6
Reporter: Gus Gnorski
Link: www.fox6now.com

First Business Stays at Outperform

Thu, 19 Aug 2010 05:00:00 GMT

APPLETON -- Larry Sobal, chief executive officer of Appleton Cardiology Associates, recently was appo

Sun, 15 Aug 2010 05:00:00 GMT

First Business Reports Second Quarter Results

Fri, 13 Aug 2010 05:00:00 GMT

MADISON, Wis., Aug. 13, 2010 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) today filed its Quarterly Report on Form 10-Q reporting a net loss of $1.5 million for the second quarter of 2010 as compared to net income of $260,000 reported in the second quarter of 2009. The second quarter 2010 net loss is a result of a charge to earnings of $2.7 million, or $1.06 loss per diluted common share, to reflect the impairment of the Company's goodwill. Excluding the goodwill impairment, net income was $1.2 million for the second quarter of 2010, or earnings per diluted common share of $0.46. The goodwill impairment is an accounting adjustment that does not affect cash flows, liquidity, regulatory capital, regulatory capital ratios or future operations. The Company reported a loss per diluted common share for the quarter of $0.60 versus earnings of $0.10 per diluted common share for the comparable period of 2009. As compared to the first quarter of 2010, net income before goodwill impairment increased 29.5%, from $899,000, or diluted earnings per share of $0.35.

In addition, the Company reported a net loss of $626,000 for the six months ended June 30, 2010 versus net income of $66,000 for the comparable period of 2009. The loss per diluted common share was $0.25 for the six months ended June 30, 2010 compared to earnings per diluted common share of $0.03 for the same period in 2009. Excluding the goodwill impairment of $2.7 million, or $1.06 loss per diluted common share, net income was $2.1 million for the six months ended June 30, 2010 and earnings per diluted common share was $0.81.

Corey A. Chambas, President and Chief Executive Officer, commented, "It's important to understand that this goodwill impairment is an accounting entry that is not a reflection of our current operating performance. It is a non-cash expense that does not affect our regulatory capital or our future earnings capacity. Exclusive of this goodwill accounting entry, we earned $1.2 million in the second quarter. This easily exceeds the second quarter of 2009 and the first quarter of 2010. Especially given the challenging economic environment that persists, our operating results for the first two quarters of 2010 were very solid."

A complete copy of the Company's Quarterly Report on Form 10-Q for the period ending June 30, 2010 and all reports filed by the Company with the SEC may be accessed through the Corporation's website, www.firstbusiness.com.

This press release includes "forward-looking" statements related to First Business Financial Services, Inc. (the "Company") that can generally be identified as describing the Company's future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company's future results, please see the Company's filings with the Securities and Exchange Commission.

First Business Reports Second Quarter Results

Fri, 13 Aug 2010 05:00:00 GMT

Farms Grow More than Vegetables

Tue, 10 Aug 2010 05:00:00 GMT

Sucession planning a priority at First Business Financial Services

Tue, 10 Aug 2010 05:00:00 GMT

When the (All) Stars Align

Tue, 10 Aug 2010 05:00:00 GMT

First Business Financial Services, Inc.: Larry Sobal joins First Business Bank - Northeast Board of

Tue, 3 Aug 2010 05:00:00 GMT

Financial Services Industry People in the News - Lynn Sigfred

Tue, 3 Aug 2010 05:00:00 GMT

Larry Sobal Joins First Business Bank - Northeast Board of Directors

Mon, 2 Aug 2010 05:00:00 GMT

APPLETON, WI - August 2, 2010 - First Business Bank - Northeast, part of First Business Financial Services, Inc. (NASDAQ:FBIZ), announced today that Larry Sobal joined its Board of Directors.

Larry Sobal is CEO of Appleton Cardiology Associates, Wisconsin's largest independent cardiovascular provider. He has been involved in the healthcare industry for 30 years as CEO or senior executive in a variety of health systems and consulting firms. Aside from focusing on the Appleton Cardiology's growth and development, Mr. Sobal is actively promoting employer-based wellness programs as the CEO spokesperson for Well Cities-Fox Cities. One of its initiatives is to encourage local employers to become more aggressive in improving the health status of their insured populations by utilizing biometric based benefit plans.

Mr. Sobal is a featured speaker at various healthcare industry events, writes a regular column on healthcare for the Post Crescent newspaper as well as frequently contributing to other business journals regarding healthcare topics. His academic background includes a Master of Business Administration from Washington University in St. Louis and a Master of Health Science in Health Administration & Planning from the Washington University Medical School.

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.

Lynn Sigfred of First Business Bank-Milwaukee Earns Certified Treasury Professional Designation

Fri, 30 Jul 2010 05:00:00 GMT

MILWAUKEE, WI, July 30, 2010 - First Business Bank-Milwaukee announced today that Lynn Sigfred has been granted the highly regarded designation of Certified Treasury Professional®;; (CTP) by the Association for Financial Professionals®;; (AFP). First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Lynn has more than 20 years of customer service, sales, and management experience. In addition, she has over four years of experience in the financial services industry. She is a graduate of the University of Wisconsin - Madison where she earned a Bachelor's degree. Lynn completed her Master of Business Administration through Keller Graduate School of Management. She is a board member for the Women's Council of the Metropolitan Builders Association. Lynn is a member of the National Association of Women in Construction, and also serves as an Allocation Panel member for the United Way.

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

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented this 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. AFP's global reach includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, online resource for the treasury and finance community.

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.: Lynn Sigfred of First Business Bank-Milwaukee earns Certifi

Fri, 30 Jul 2010 05:00:00 GMT

MILWAUKEE, WI, July 30, 2010 - First Business Bank-Milwaukee announced today that Lynn Sigfred has been granted the highly regarded designation of Certified Treasury Professional®;; (CTP) by the Association for Financial Professionals®;; (AFP). First Business Bank-Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Lynn has more than 20 years of customer service, sales, and management experience. In addition, she has over four years of experience in the financial services industry. She is a graduate of the University of Wisconsin - Madison where she earned a Bachelor's degree. Lynn completed her Master of Business Administration through Keller Graduate School of Management. She is a board member for the Women's Council of the Metropolitan Builders Association. Lynn is a member of the National Association of Women in Construction, and also serves as an Allocation Panel member for the United Way.

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

Recognizing the unique skills and special knowledge required of treasury and finance professionals, AFP implemented this 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. AFP's global reach includes AFP of Canada, a Toronto-based membership organization; and gtnews, a London-based, online resource for the treasury and finance community.

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 http://www.firstbusiness.com or call 262-792-1400.

Phishing Alert: Email Claiming to be from NACHA

Fri, 23 Jul 2010 05:00:00 GMT

7/23/10 NACHA - The Electronic Payments Association has received reports that individuals and/or companies have received a fraudulent email and/or text message that has the appearance of having been sent from NACHA. See sample of email below.

The subject line of the email and the lead info in the text message states: "Unauthorized ACH Transaction." The email includes a link that redirects the individual to a fake Web page and contains a link that is almost certainly an executable virus with malware. Do not click on the link. The text, email, and the related website are fraudulent.

Be aware that phishing emails and text messages frequently have links to Web pages that host malicious code and software. Do not follow Web links in unsolicited emails or texts 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 or mobile phone, 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: Information
Sent: Thursday, July 22, 2010 8:27 AM
To: Doe, John
Subject: Unauthorized ACH Transaction

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

First Business Financial Services, Inc. Hires Craig Cerbins

Thu, 22 Jul 2010 05:00:00 GMT

Craig comes to First Business as a recent graduate of the University of Wisconsin - Madison where he majored in Economics and was a student athlete for the UW Men's Varsity Golf Team. He is also an active member of St. Thomas Aquinas Church.

First Business Financial Services Announces Dividend

Fri, 18 Jun 2010 05:00:00 GMT

Company Release - 06/18/2010 12:13

MADISON, Wis., June 18, 2010 (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 2010 annualized dividend amount is $0.28 per share. The cash dividend is payable on July 15, 2010 to shareholders of record at the close of business on July 1, 2010.

First Business Financial Services, Inc. Hires Samantha Gaginella and Debbie Meysembourg

Thu, 17 Jun 2010 05:00:00 GMT

MADISON, WI, June 17, 2010 - First Business Financial Services, Inc. (NASDAQ:FBIZ) announced today that Samantha Gaginella and Debbie Meysembourg have been hired as Loan Services Representatives.

Samantha comes to First Business with over 13 years of retail and commercial banking experience. She enjoys participating in various community events such as the March of Dimes Walk for Babies, Salvation Army Bell Ringing, and the Special Olympics Polar Plunge.

Debbie comes to First Business with over ten years of banking experience and has held several banking positions including: Teller, Personal Banker, Commercial Specialist, and Commercial Assistant. Her most recent position was as an Executive Assistant at a local bank in Florida.

First Business Financial Services: Jerry Kilcoyne elected as chairman of the Board of Directors for

Wed, 9 Jun 2010 05:00:00 GMT

Jerry Kilcoyne Elected as Chairman of the Board of Directors for First Business Bank

Tue, 8 Jun 2010 05:00:00 GMT

MADISON, WI - June 8, 2010 - First Business Bank announced today that Jerry Kilcoyne has been elected to Chairman of its Board of Directors. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Jerry is a private equity investor in businesses and an owner of commercial real estate in the Madison area. He has been involved in mergers and acquisitions throughout the United States, Canada, and Europe since 1980 and has owned or operated businesses in manufacturing, transportation equipment leasing, railroad operations, retail, printing, advertising specialties, elderly housing, warehousing, and distribution. Jerry and his wife, Kelley, are supporters of many local charitable organizations and have endowed an annual scholarship at the University of Wisconsin-Madison benefiting a student-athlete.

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 loans, treasury management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

First Business Financial Services, Inc. 2010 Annual Shareholder Presentation Now Available Online

Fri, 21 May 2010 05:00:00 GMT

Madison, May 21, 2010: First Business Financial Services, Inc. (Nasdaq:FBIZ) announced today that its 2010 Annual Shareholder Meeting presentation is now available online at http://www.firstbusiness.com/2010Meeting. The presentation is available in three formats: a podcast (audio only), a PDF (visual only), and a Flash presentation (audio and video simultaneously).

The shareholder meeting took place Monday, May 17, 2010 in Madison, WI. Speakers included: Jerry Smith, Chairman; Jim Ropella, CFO & Senior Vice President; and Corey Chambas, President & CEO.

First Business Celebrates 20 Year Anniversary

Mon, 17 May 2010 05:00:00 GMT

Madison, May 17, 2010: Wisconsin-based First Business Financial Services, Inc. is celebrating its 20th anniversary. The company was started in 1990 by Jerry Smith & Associates. It was the first business bank in the Midwest and had 167 investors from the community with $3 million in stock.

First Business has since grown to become the 6th largest commercial bank in Wisconsin with offices in Madison, Brookfield, and Northeast Wisconsin. The company is publically traded on NASDAQ (FBIZ), is $1 billion in size, and is approaching $500 million in investment assets managed for clients. It is also one of the few banks to post a profit in each of the past two years.

Read the full story at http://www.firstbusiness.com/data/business_articles/20_Year_Anniversary.pdf

First Business Financial Services: First Business celebrates 20 year anniversary

Mon, 17 May 2010 05:00:00 GMT

Zacks Initiates Independent Research Coverage on First Business Financial Services, Inc.

Fri, 14 May 2010 05:00:00 GMT

Madison, May 14, 2010: Zacks Investment Research, a leading provider of independent investment research, initiated coverage on Wisconsin-based First Business Financial Services, Inc. (Nasdaq:FBIZ). Zacks Investment Research provides institutional quality sell-side equity research through a team of more than a dozen highly qualified professional analysts. To view the 20-page initiation report on FBIZ, go to www.zacks.com, or contact your Zacks Investment Research institutional sales representative.

About Zacks Investment Research
Founded in 1978, Zacks Investment Research has more than 25 years of experience in providing institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Zacks created the first earnings estimate revision model and originated the concept of the Earnings Surprise. Today, Zacks' models process over 25,000 earnings estimate revisions and changes in broker recommendations weekly from over 200 brokerage firms, produced by more than 3,500 analysts. As one of the top market data and proprietary investment model providers, Zacks' clients include some of the most widely known institutions in the financial industry. Visit www.zacks.com for more information.

Initiating FBIZ at Outperform

Thu, 13 May 2010 05:00:00 GMT

First Business Director John Silseth Recipient of 2010 Distinguished Alumni Award

Sat, 8 May 2010 05:00:00 GMT

May 8, 2010, Milwaukee: First Business Bank - Milwaukee Director John Silseth was the recipient of a 2010 Distinguished Alumni Award from the University of Wisconsin - Platteville on May 8, 2010.

Silseth is a 1978 alumnus and was recognized with Richard Aide, Jose Brousset, David Markee, and Ron Meissen at an award ceremony held in conjunction with the May Commencement.

First Business Bank Promotes Erik Gretebeck

Thu, 6 May 2010 05:00:00 GMT

MADISON, WI - May 6, 2010 - First Business Bank announced today that Erik Gretebeck has been promoted to Commercial Banking Officer. First Business Bank is part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Erik has been with First Business Financial Services, for the past four years. He is a graduate of UW-Whitewater where he earned a Bachelor of Business Administration in Finance and Information Technology. Prior to working at First Business, he was a commercial real estate appraiser for a Dane County firm. Erik has completed courses in commercial lending, credit analysis, and appraisal compliance. He has also participated in several local community events sponsored by the March of Dimes and United Way.

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 loans, treasury management products and remote deposit, Internet banking, retirement plans/investment management services/trustee services, asset-based lending, and equipment finance and leasing. For additional information, visit www.firstbusiness.com or call 608-238-8008.

First Business Bank: Promotes Erik Gretebeck

Thu, 6 May 2010 05:00:00 GMT

Free nonprofit seminar on May 12: Understanding Financials, a Bank View

Thu, 29 Apr 2010 05:00:00 GMT

MADISON, April 29, 2010: Registration is now open for the second event in First Business Bank's four part 2010 nonprofit seminar series. The topic is Understanding Financials, a Bank View.

Credit. This word has dominated financial headlines for the past two years. Is credit more difficult to obtain now than it was three years ago? What does a bank look for when analyzing credit requests? Are the financials of nonprofit organizations viewed differently than those of "for profit" companies? First Business Financial Services' CFO, Jim Ropella, and AVP of Credit, Ken James will present a comparative analysis and answer your questions.

See Jim's LinkedIn profile at: http://www.linkedin.com/pub/jim-ropella/11/788/848. See Ken James at: http://www.linkedin.com/in/kenjames1.

This event will be held at First Business Bank - Madison in the University Research Park (near the intersection of Whitney Way and Mineral Point Road). Continental breakfast and networking starts at 7:30 a.m. The presentation will begin at 8:00 a.m. and the session will conclude by 9:30 a.m. Register by May 10 at www.firstbusiness.com/registration

Kim Preston recently received the 2010 Leadership Award

Fri, 16 Apr 2010 05:00:00 GMT

Peggy Stoop Nominated for TI Distinguished Service Chapter Award

Wed, 14 Apr 2010 05:00:00 GMT

MILWAUKEE, WI, April 14, 2010 - Peggy Stoop, Assistant Vice President of First Business Bank - Milwaukee, was nominated for the TEMPO International Distinguished Service Chapter Award for her contributions to TEMPO Waukesha. Peggy has been on TEMPO Waukesha's board since August of 2009 and serves as Vice President of membership. Besides her role at TEMPO, Peggy also serves the community through a board role at Waukesha Civic Theatre. She has worked at First Business for the past ten years.

Joy Rice, President, commented, "Peggy's service and accomplishments for TEMPO Waukesha are most impressive, and we are delighted to honor her with this award."

The Distinguished Chapter Award will be presented at the 13th Annual TEMPO International Conference on Friday, May 21, in Madison at the Madison Club. The conference runs May 21-22. The theme is Facing Change: Wisconsin Leaders Collaborate! TEMPO members and guests can register for the conference at: www.tempointernational.org or by emailing Carol Pritzlaff, TI Exec. Administrator at info@tempointernational.org.

About TEMPO International
With the primary purpose of networking, TEMPO INTERNATIONAL provides a professional environment that enriches the individual member and the local and international community through selected business and professional programs and projects focused upon supporting, mentoring, and empowering women leaders. Visit www.tempointernational.org for more information.

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: Peggy Stoop nominated for TI Distinguished Service Chapter Award

Wed, 14 Apr 2010 05:00:00 GMT

First Business Bank Shows How to Create Success by Serving a Niche Market

Tue, 13 Apr 2010 05:00:00 GMT

First Business Financial Services, Inc. Promotes Melissa Noble

Mon, 12 Apr 2010 05:00:00 GMT

MADISON, WI, April 12, 2010 - First Business Financial Services, Inc. (NASDAQ: FBIZ) announced today that Melissa Noble has been promoted to Credit Analyst.

Melissa joined First Business as a Loan Support Representative three years ago with over 11 years of experience in the mortgage and real estate industries. She is currently in the process of completing a Bachelor of Science degree in Accounting. Melissa serves as Treasurer for Community Support Network, Inc., a not-for-profit daytime support agency for adults with developmental disabilities.

First Business Financial Services: Kim Preston recipient of 2010 Leadership Award for board contribu

Mon, 12 Apr 2010 05:00:00 GMT

Kim Preston Recipient of 2010 Leadership Award for Board Contributions at PSC

Fri, 9 Apr 2010 05:00:00 GMT

MILWAUKEE, WI, April 9, 2010 - Kim Preston, Vice President of First Business Bank - Milwaukee, was the recent recipient of the 2010 Leadership Award for her board contributions at Pregnancy Support Connection, Inc. (PSC). Kim has served on the board since 2006 and serves as Board Treasurer. Besides her role at PSC, Kim also serves the community through a board role at Elmbrook Humane Society as Board Secretary. She has worked at First Business for the past 18 years.

Nancy Major, Executive Director, commented, "Kim is one of those people you just instantly like! She is professional, friendly, funny, has a beautiful smile, and just puts you to ease at every level. She is also incredibly kind and generous. Kim serves on our Board of Directors and rarely, if ever, misses a meeting or a deadline. She is always willing to go the extra mile and has exceptional follow-through."

PSC is the leading organization in Waukesha County providing comprehensive services, intervention and counseling to help address the root causes leading to crisis pregnancies. Its primary focus is to break the cycle. Members in the community are invited to celebrate and support Pregnancy Support Connection's (PSC) longstanding outreach to young women facing crisis pregnancies at a 25th Anniversary Celebration "Retro Hollywood" themed red carpet event on May 5. The event starts at 5:30 p.m. at the Country Springs Hotel & Conference Center and will feature celebrity look alikes, dancing with the stars, and live entertainment. Attendees can bid on a wide variety of silent and live auction items, plus enjoy a gourmet dinner and fine wines. RSVP by April 23 at www.pregnancy-support.org.

About PSC, Inc. (Pregnancy Support Connection)
PSC, Inc. was established in 1985 as the UP Connection by local community leaders and healthcare professionals who saw the need for a pregnancy resource center for at-risk young women/teenage girls who were facing an unplanned, crisis pregnancy in Waukesha County. It was originally named the "UP Connection" to "uplift" and empower young women to make healthier choices and sound decisions for themselves and their newborns. From its humble beginnings as the UP Connection, operating out of a spare office at a local hospital, the Pregnancy Support Connection has grown to serve more than 1,200 young women/teenage girls annually in Waukesha and Milwaukee Counties. For additional information, visit www.pregnancy-support.org or call 262-524-4120.

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.

Joan Burke quoted in In Business

Thu, 1 Apr 2010 05:00:00 GMT

Who';s News: First Business Bank-Northeast hires Tim McKeag to VP post

Sun, 28 Mar 2010 05:00:00 GMT

Jim Hartlieb featured in In Business Magazine

Fri, 26 Mar 2010 05:00:00 GMT

First Business Director Laurie Benson recipient of 2010 Athena Award

Fri, 26 Mar 2010 05:00:00 GMT

First Business Capital Corp. Hires Kevin McGraw

Mon, 22 Mar 2010 05:00:00 GMT

MADISON, WI, March 22, 2010 - First Business Capital Corp. announced today that Kevin McGraw has been hired as a Collateral Analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ).

Kevin will be responsible for working daily with existing clients on loan advances, collateral reporting, and other operational issues. Kevin is a graduate of the University of Wisconsin - Whitewater where he earned a Bachelors 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. 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.

Waukesha County Chamber launches new Manufacturing Alliance

Mon, 22 Mar 2010 05:00:00 GMT

First Business Capital Corp.: Hires Kevin McGraw

Mon, 22 Mar 2010 05:00:00 GMT

JoAnne Brandes Joins First Business Bank - Milwaukee Board of Directors

Thu, 18 Mar 2010 05:00:00 GMT

MILWAUKEE, WI, March 18, 2010 - First Business Bank - Milwaukee announced today that JoAnne Brandes joined its Board of Directors. First Business Bank - Milwaukee is a part of First Business Financial Services, Inc. (NASDAQ:FBIZ).

JoAnne Brandes is a founder and senior fellow of the Carroll University Center for Leadership Excellence. She is an attorney; an outside board member of several corporations; and speaker and consultant specializing in leadership development, corporate structure and governance, cultural transformation, and change management. JoAnne retired after a 25+ year career with the S.C. Johnson family of companies as Executive Vice President, CAO, General Counsel, and Secretary of JohnsonDiversey, Inc. She was responsible for all legal matters, Human Resources, Communications, Public Affairs, and administration for the company and its over 65 international and domestic subsidiaries. JoAnne was a member of the company's management committee and had major responsibility for the company's acquisition and integration of global companies adding over $2 billion in sales. She was named "Working Mother of the Year" by Working Mother magazine in 1994 for her work in developing corporate child care and other family friendly programs for employees.

JoAnne is currently a trustee of Carroll University; chair of the UW-Eau Claire Foundation Board, and a member of the Strategic Planning Committee; as well as a member of the UW-Eau Claire Chancellor's Council. Her current directorships include: Andersen Windows Corporation; Bemis Manufacturing Corporation; Metrix, Inc.; Highlights for Children, Inc.; and Optique Funds (formerly JohnsonFamily Funds). Past directorships included: Bright Horizons Family Solutions; Alternative Resources Corporation; and St. Luke's Hospital and Medical Center. She is also a past regent of the University of Wisconsin System Board of Regents.

JoAnne graduated from Willamette University College of Law with a Doctorate of Jurisprudence degree, and from the University of Wisconsin - Eau Claire with a B.A. degree in Journalism and Political Science.

JoAnne has been the recipient of many awards and honors, most recently receiving the University of Wisconsin - Eau Claire Lifetime Excellence Award in 2009, and the State of Wisconsin Friend of Education Award in 2006.

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 Bank-Milwaukee adds Brandes to board

Thu, 18 Mar 2010 05:00:00 GMT

First Business Bank - Milwaukee Partners with Waukesha Chamber Manufacturing Alliance

Thu, 18 Mar 2010 05:00:00 GMT

(Waukesha, WI) - The Waukesha County Chamber of Commerce has announced that the newly formed Manufacturing Alliance in partnership with First Business Bank will host its kick-off event "New Faces of Manufacturing in Waukesha County" on Friday, April 16, 2010 from 11:30a.m.-1:30p.m. at the Brookfield Suites Hotel & Convention Center. Click here for details.

The inaugural event will feature a presentation by the Manufacturing Alliance Steering Committee including Steve Dyer, President & CEO of Dickten Masch Plastics; Aaron Jagdfeld, President & CEO of Generac Power Systems; E.J. Kubick, President of MetalTek International; Kent Lorenz, President Midwest Region of Ellison Technologies; Brian Masterson, Vice President, Global Supply Chain of GE Healthcare; Judie Taylor, President of Dueco, Inc./UELC. The session will be moderated by Dave Vetta, President & CEO of First Business Bank.

The Steering Committee of the Manufacturing Alliance has identified key local issues that will be addressed through a series of programs in 2010 and beyond. Some of these issues include:
- Lean manufacturing in action--the good the bad & the ugly
- Workforce issues--availability, skills needs, training
- Globalization--staying legal, logistics, paperwork
- Sustainability--reduce, reuse, recycle
- Safety & ergonomics
- Reducing the escalation of heath care costs
- Business climate in Wisconsin--taxes and regulation
- Local issues of interest:
--- Water
--- West Waukesha Bypass
--- Zoo Interchange

"With manufacturing comprising 21% of the workforce in Waukesha County, the Waukesha County Chamber recognizes that manufacturing plays a key role in the county's continued financial growth and success," said Suzanne Kelley, president of Waukesha County Chamber of Commerce. "The Waukesha County Chamber has taken the first steps to create a strong Manufacturing Alliance that will benefit its members. The steering committee includes energized CEOs that are committed to bring relevant programs to its peers."

"Manufacturing continues to be a major economic driver and employer in Waukesha County and Southeastern Wisconsin, with more than one out of five jobs tied to manufacturing," Vetta said. "First Business Bank is delighted to partner with the Waukesha County Chamber of Commerce to create a Manufacturing Alliance that will serve as a platform for manufacturers to share ideas and work together to strengthen the manufacturing base in this region."

Manufacturing Alliance Charter
We the members of the Waukesha County Manufacturing Alliance pledge to promote the advancement of manufacturing in the greater Waukesha County area. Our collective goal is to raise the image and awareness of manufacturing as a viable and prosperous career path, and to highlight the necessity of a strong manufacturing base in ensuring the security and opportunities for future generations. We will provide a forum to share and distribute information and provide connections to the exceptional resources in Waukesha County.

We will, in the spirit of cooperation and collaboration, engage in discussions and actions to drive the following initiatives: Best Practice Sharing, Cost Reduction, Risk Mitigation, New Business Development, and Improving the Perception of Manufacturing. These initiatives will be pursued in a manner consistent with ensuring the sustainability of our businesses as an on-going concern, while promoting the sustainability and prosperity of the communities in which we operate and live.

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 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...

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.

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...

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.

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.

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...