First Business Financial Services, INC.: management transactions · United States · SEC (Form 4)

About First Business Financial Services, INC.

FIRST BUSINESS FINANCIAL SERVICES, INC. (Nasdaq: FBIZ) is a U.S. financial services holding company listed on the NASDAQ market in the United States, with headquarters in Madison, Wisconsin. The company is the parent of First Business Bank and operates with a distinctly business-focused model, positioning itself as a specialist bank rather than a broad consumer franchise. Its value proposition is built around expertise, accessibility, responsiveness, and long-term advisory relationships for business owners, executives, and high-net-worth clients. ([firstbusiness.bank](https://firstbusiness.bank/our-company?utm_source=openai)) Founded in 1990, First Business has evolved into a publicly traded banking group with a more diversified operating platform. Over time, it expanded beyond core commercial banking into private wealth, specialty finance, and bank consulting. That evolution matters strategically: it broadens fee and spread income opportunities, improves client retention, and helps the company serve a more complex set of customers across the business lifecycle. ([firstbusiness.bank](https://firstbusiness.bank/resource-center/how-first-business-bank-prepares-future-leaders/?utm_source=openai)) The company’s main business lines include commercial banking, commercial real estate lending, C&I lending, treasury management, specialty finance, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, SBA lending, and private wealth services. This mix gives FBIZ exposure to higher-touch, relationship-driven banking niches where specialized underwriting and service depth can be competitive advantages. Relative to larger regional banks, the franchise is narrower in scope but more focused in its target market, which can support pricing power and client loyalty when credit execution remains disciplined. ([marketscreener.com](https://www.marketscreener.com/quote/stock/FIRST-BUSINESS-FINANCIAL--9250/news/First-Business-Financial-Services-Inc-Announces-CEO-Changes-Effective-May-2-2026-49829133/?utm_source=openai)) Geographically, the company remains rooted in the U.S. Midwest, particularly around Madison, while serving clients through a broader footprint supported by its specialized business lines. Its business is overwhelmingly domestic, so investors should view FBIZ primarily as a play on U.S. credit trends, deposit competition, regional economic conditions, and interest-rate sensitivity rather than on international expansion. ([ir.firstbusiness.bank](https://ir.firstbusiness.bank/files/doc_presentations/2024/Jul/25/fbiz-2q24-investor-presentation.pdf?utm_source=openai)) Recent developments underscore both execution and governance continuity. In 2024, Piper Sandler named First Business Financial Services a Sm-All Star, highlighting the bank’s standing among small-cap banks on growth, profitability, credit quality, and capital strength. In 2026, the company announced a CEO transition: Corey Chambas retired effective May 2, 2026, and Dave Seiler became President and CEO effective May 3, 2026. The first quarter 2026 update also pointed to continued revenue growth and a higher regular quarterly dividend, reinforcing the impression of a franchise that remains operationally resilient while entering a new leadership era. ([firstbusiness.bank](https://firstbusiness.bank/news/piper-sandler-2024-sm-all-stars-recognition/?utm_source=openai))