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 As of July 21, 2011, the Dodd-Frank Wall St. Reform and Consumer Protection Act repealed this provision of Regulation Q.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.
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).