On January 28, 2021, Timothy J. Keane provided First Business Financial Services, Inc. (the “Company”) with notice of his intention to retire from the Company’s Board of Directors (the “Board”) effective as of the conclusion of the 2022 Annual Meeting of Shareholders which is expected to be held on or about April 29, 2022. On January 28, 2021, Jan A. Eddy provided the Company with notice of her intention to not seek re-election to the Company’s Board following the fulfillment of her current term and will retire from the Board effective as of the conclusion of the 2022 Annual Shareholders Meeting which is expected to be held on or about April 29, 2022. Ms. Eddy has served on the Board since 2003. Ms. Eddy’s intention to retire is solely for personal reasons. On January 29, 2021, the Board approved a resolution to decrease the number of Directors constituting the entire Board from twelve (12) to ten (10) in accordance with Section 0.03 and 3.10 of the By-laws, concurrent with Mr. Keane’s and Ms. Eddy’s retirements, effective as of the conclusion of the 2022 Annual Shareholders Meeting.