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First Business Bank Announces 2026 CEO Succession Plan

1. CEO Corey A. Chambas to retire on May 2, 2026. 2. David R. Seiler appointed as new CEO effective the same date.

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FAQ

Why Bullish?

Leadership changes can lead to new strategies and growth opportunities, potentially boosting investor confidence. Historical instances show companies often see stock price increases following positive leadership transitions.

How important is it?

CEO transitions are significant as they can restructure strategic plans, affecting company performance which investors closely monitor.

Why Long Term?

The planned leadership transition may influence FBIZ's strategies and market positioning over the long term. Continuing stability and direction will be crucial through this period and beyond.

MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) announced that Corey A. Chambas intends to retire from his role as Chief Executive Officer on May 2, 2026. The Company will name President and Chief Operating Officer David R. Seiler to succeed him as CEO effective the same date. Mr. Chambas will remain on the boards of directors of the Company and First Business Bank. “On behalf of our Board and entire org.

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