First Business Financial Services, Inc. Announces Stock Repurchase Plan
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."