First Business Financial Services, Inc. Announces Board Changes
February 01, 2021 at 04:11 pm EST
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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.
First Business Financial Services, Inc. is a bank holding company. The Company is engaged in the commercial banking business through its bank subsidiary, First Business Bank (the Bank). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Its products and services are focused on business banking, private wealth, and bank consulting. It offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, small business administration (SBA) lending and servicing, treasury management solutions, and company retirement services. Its private wealth management services include trust and estate administration, financial planning, investment management, and private banking.