First Business Brings Unique Cashless Banking Model To Kenosha Businesses
KENOSHA, WI, – Oct. 27, 2014 – As companies continue to make major investments in Kenosha County, First Business, a focused financial institution, has opened an office in Kenosha, Wisconsin, and is bringing with them their unique cashless business model that has already proven to be successful.
Their clients transmit transactions electronically using password-protected online banking, remote deposit capabilities, and branch automation. There are several benefits to this style of banking including convenience and lower costs for their clients. The Kenosha office is part of First Business Bank – Milwaukee, which strategically allows it to leverage the lending power and ancillary services of the entire organization.
“We can lend significantly more per client than a typical start-up bank, as well as offer the same services as much larger, national banks, said Wes Ricchio, Kenosha Market President of First Business Bank. “It’s much more efficient, and that efficiency gets passed along to the client in terms of price and the amount of attention we can provide to them.”
Clients with multiple needs and who demand a high level of service will benefit the most from First Business’ offerings. Business banking, specialty finance, and private wealth management are the core focus of the First Business family of companies, with total assets in excess of $1.3 billion.
“We have identified small to medium-sized privately held companies as our target market so we can provide the service they deserve rather than trying to be everything to everybody,” Ricchio said. Ricchio also adds this banking format is not a good fit for every business. “The very small and start- up businesses, or those with a lot of cash transactions, are typically not a good fit for us as their product and service needs are much different than what we are structured to provide.”
First Business specifically targets manufacturing, wholesale, distribution, professional services, and commercial real estate companies. The Kenosha office is located at 6633 Green Bay Road, Suite. 2. The phone number is 262-605-7800.
First Business Bank in Milwaukee, is a part of First Business Financial Services, Inc. (NASDAQ: FBIZ) family of companies.
Wes Ricchio is a leader in the commercial lending field, with over 21 years of experience in this niche. Wes previously worked as the Managing Director and Group Manager of Wisconsin Commercial Lending for Talmer Bank and Trust. Wes not only supports entrepreneurs, he is an entrepreneur, also owning a family bookstore since 1998. Wes has an MBA from Northwestern University – Kellogg School of Management, and his undergrad studies were completed at the University of Wisconsin – Madison School of Business.
A graduate of the University of Wisconsin – Parkside with a Bachelor of Science in Business Management, Rebecca Rosenow has over six years of experience in the financial services industry. Before assuming her current role as Client Relationship Specialist, Rebecca held positions in customer service, loan review and commercial credit. Working in conjunction with Wes, Rebecca helps bring her customers a focused, personalized approach to business banking.
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.