First Business Financial Services, Inc. is a registered bank holding company
originally incorporated in 1986 under the laws of the State of Wisconsin and
engaged in the commercial banking business through its three wholly-owned bank
subsidiaries, First Business Bank (“FBB”), headquartered in Madison,
Wisconsin, First Business Bank-Milwaukee (“FBB-Milwaukee”), headquartered
in Brookfield, Wisconsin, and Alterra Bank (“Alterra”), headquartered
in Leawood, Kansas (together with FBB and FBB-Milwaukee, collectively referred
to as the “Banks”). All of our operations are conducted through
the Banks and certain subsidiaries of FBB. The Banks operate as business banks
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.
FBB is a state bank chartered in 1909 in Wisconsin under the name Kingston State
Bank. In 1990, FBB relocated its home office to Madison, Wisconsin, opened a
banking facility in University Research Park, and began focusing on providing
high-quality banking services to small to medium sized businesses located in
Madison, Wisconsin and the surrounding area. FBB’s business lines include
commercial loans, commercial real estate loans, equipment loans and leases and
treasury management services. FBB offers a variety of deposit accounts and personal
loans to business owners, executives, professionals and high net worth individuals.
FBB also offers trust and investment services through FBTI, a division of FBB.
FBB has four loan production offices in the Northeast Region of Wisconsin serving
Appleton, Oshkosh, Green Bay and Manitowoc and their surrounding areas.
FBB has five wholly-owned subsidiaries:
FBCC is an asset-based lending company specializing in providing lines of
credit, factored receivable financing and term loans secured by accounts receivable,
inventory, equipment and real estate assets, primarily to manufacturers and
wholesale distribution companies located throughout the country, with a concentration
in the Midwest. FBCC was established in 1995 and has sales offices in several
states.
FBEF is a commercial equipment finance company offering a full array of finance
and leasing options to commercial clients of which the largest percentage are
currently located in Wisconsin. It offers new and replacement equipment loans
and leases, debt restructuring, consolidation and sale-lease-back transactions
through its primary banking locations in Wisconsin. FBEF was established in
1998.
Rimrock Road Investment Fund, LLC (“Rimrock”), established in
2009 and formerly known as FBB Real Estate, LLC, is a limited liability company
originally established for the purpose of holding and liquidating real estate
and other assets acquired by FBB through foreclosure or other legal proceedings.
In 2014, Rimrock’s purpose was changed to reflect its qualified equity
investment in a Madison, Wisconsin community development project, including
the financing and ownership of a property that generates federal new market
tax credits.
BOC Investment, LLC (“BOC”), is a limited liability company established
for the purpose of capturing federal historic tax credits to reduce the cost
of borrowing for a FBB client engaged in rehabilitating a historic building
in Madison, Wisconsin. BOC was established in 2015.
FBB-Milwaukee is a state bank chartered in 2000 in Wisconsin. We formed FBB-Milwaukee
to focus on commercial banking in the greater Milwaukee market. Like FBB, FBB-Milwaukee’s
business lines include commercial loans, commercial real estate loans and treasury
management services for similar sized businesses as those served by FBB. FBB-Milwaukee
offers a variety of deposit accounts and personal loans to business owners,
executives, professionals and high net worth individuals. FBB-Milwaukee also
offers trust and investment services through a trust service office agreement
with FBB. FBB-Milwaukee has one loan production office in Kenosha, Wisconsin
and one wholly-owned subsidiary, FBB-Milwaukee Real Estate, LLC (“FBBMRE”),
which is a limited liability company established for the purpose of holding
and liquidating real estate and other assets acquired through foreclosure or
other legal proceedings.
Alterra is a state bank chartered in 1847 in Kansas. Previously known as 1st
Financial Bank, Alterra was rebranded in April 2010 by new owners who purchased
the bank, hired new management and repositioned the operating model to meet
the needs of business clients. The new owners recapitalized the bank, resolved
legacy problem assets, restored profitability and instituted new strategies
that led to significant growth in loans and core deposits. We acquired Alterra
through the acquisition of its parent, Aslin Group, Inc., on November 1, 2014
in order to gain scale, achieve product line synergies and expand geographically
through the acquisition of a similarly focused business bank in a thriving Midwestern
market. Like FBB and FBB-Milwaukee, Alterra’s business lines include commercial
loans, commercial real estate loans and treasury management services for similar
sized businesses as those served by FBB and FBB-Milwaukee. Alterra offers a
variety of deposit accounts and personal loans to business owners, executives,
professionals and high net worth individuals. Alterra also offers SBA financing
and residential mortgage loans.
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