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First Business Financial Services Inc. Announces Closing 25.3 Million Common Stock Offering

MADISON, WI, – Dec. 10, 2012 (GLOBE NEWSWIRE) – First Business Financial Services, Inc. (NASDAQ: FBIZ) (the “Company”), the parent company for First Business Bank and First Business Bank – Milwaukee, announced today the closing of its previously announced public offering of 1,100,000 shares of common stock at $23.00 per share resulting in aggregate gross proceeds of $25.3 million.

The shares sold do not include up to 165,000 shares which may be purchased by the underwriters within 30 days pursuant to their over-allotment option.

The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses were approximately $23.5 million. Stifel, Nicolaus & Company, Incorporated served as sole book-running manager and Raymond James & Associates, Inc. and FIG Partners, LLC served as co-managers for the offering.

“We are extremely excited to have completed this very successful common equity raise,” said Corey A. Chambas, President and Chief Executive Officer. “We believe it positions First Business to fully capitalize on the disruption that has taken place in the Wisconsin banking environment, and to fulfill our growth and
expansion strategies.”

Forward Looking Statements This press release includes “forward-looking” statements related to First Business Financial Services, Inc. (the “Company”) that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated.

These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s prospectus filed as part of a Registration Statement on Form S-1, annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.

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.

NOTICE

Access to Online Private Banking is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as soon as possible. If you have questions, please contact us at: 855-257-4149.

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NOTICE

Access to Online Business Banking is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as soon as possible. If you have questions, please contact us at:

• Wisconsin Region: 608-232-5938
• Kansas Region: 913-717-6464

NOTICE

Access to our Remote Deposit Capture system is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as possible. If you have questions, please contact us at:

  1. Wisconsin Region: 608-232-5938
  2. Kansas Region: 913-717-6464

NOTICE

To protect clients and employees, we temporarily suspended courier service. For other deposit needs, please see your client email sent on 3/16/2020 for instructions regarding deposits at your local First Business Bank office.

To set up Mobile Banking, please contact our Treasury Management Support team at 608-232-5938. We will alert you when courier service is available again. Thank you.