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Burke Drives Record Growth First Business Trust & Investments

MADISON, WI, – Aug. 12, 2015 – First Business Trust & Investments, a member of the First Business family of companies (NASDAQ: FBIZ) reports the recent achievement of several milestones. The company:

  • Reached $1 billion in assets under administration
  • Was ranked 1st in Wisconsin and 35th overall for fastest growth by a bank’s trust provider in Bank Director Magazine
  • Was voted #1 Wealth Management Firm in Dane County in In Business’ most recent Executive Choice Awards

First Business Trust & Investments was started in 2001 when First Business Bank recognized a growing need for high-end personal finance services, and hired an experienced trust professional, Joan Burke, to write a business plan. Burke was a significant resource. She had been President and CEO of several financial companies owned by the Johnson family in Racine, and held significant trust and investment experience with United Bank/Valley Bank/Trust Company.

“It was both a great opportunity and a significant challenge to work on a start-up,” states Burke, the President of First Business Trust & Investments. “First Business was, and is, focused on business clients. We knew that there would be business clients of the bank that needed qualified retirement plan services, but we took a chance knowing that we could also service the personal trust and investment needs for individuals who would be completely new to First Business.”

As it turns out, First Business has been successful in both areas. First Business won personal trust and investment clients by correcting the issues many had with larger, more well-known brokerage and bank providers. First Business’ focus on delivering personalized, local service and competitive investment performance has been a key driver of the company’s success. In order to deliver on this strategy, First Business needed to invest in “people”. Hiring Joan Burke as President was the first step, and rounding out her team with experienced local professionals was
the second.

“First Business believes that we are only as good as the people who work for us. It may have been risky to hire the best before we had the revenue to warrant it, but it is a risk that has paid off in a big way,” Burke said. This risk helped to grow the company from $0 to $1 billion in assets under administration in only 13 years, and the benefits to the First Business family of companies have not stopped there. “We recently expanded private banking services to further serve our clients,” Burke said. “Our goal is to be known as the premier Private Wealth service provider in Wisconsin’s financial market.”

The company was voted the #1 Private Wealth Management Firm by Executive Register members of In Business Magazine. The company reached $1 billion in assets under administration during the first quarter of 2015. And the company was recognized as the fastest growing bank trust provider in Wisconsin (35th Nationwide) in Bank Director Magazine.

First Business is a 25 year old company with over 200 employees. In 2014, the company was voted the #1 Business Bank (for the eighth year in a row) and the #1 Private Wealth Management Firm by In Business Magazine and also appeared on the ABA Banker National Top 25 list. Alterra Bank, also owned by First Business, was recognized as the #1 SBA Lender in the Kansas City Market (for the 3rd year in a row).

About First Business
First Business Financial Services is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives and high net worth individuals. First Business offers commercial banking, specialty finance and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility and responsiveness. For additional information, visit www.firstbusiness.com.

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