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    Corey A. Chambas

    Chief Executive Officer at First Business Financial Services Inc
    Board
    Since December 2006
    Age
    62 years
    Education
    Holds a Bachelor of Business Administration in Finance, Investment & Banking from the Wisconsin School of Business, University of Wisconsin-Madison.
    Tenure
    Joined FBIZ in 1993 and held roles including Vice President of Commercial Lending, Executive Vice President, Chief Operating Officer, President, and has served as Chief Executive Officer since December 2006.

    Also at First Business Financial Services Inc

    BAQ
    Bradley A. Quade
    Chief Credit Officer
    BDS
    Brian D. Spielmann
    Chief Financial Officer (CFO)
    DSO
    Daniel S. Ovokaitys
    Chief Information Officer (CIO)

    About

    Corey A. Chambas is a seasoned financial executive who is currently 62 years old as of 2025. He holds a Bachelor of Business Administration in Finance, Investment & Banking from the Wisconsin School of Business, University of Wisconsin-Madison, demonstrating a strong academic foundation in business and finance.

    He began his career at FBIZ in 1993 as Vice President of Commercial Lending following his tenure at M&I Bank, now known as BMO Bank, N.A. Over the years, he has advanced through various leadership roles including Executive Vice President, Chief Operating Officer, President, and finally assumed the role of Chief Executive Officer in December 2006.

    With over 40 years of experience in the financial services industry, his extensive background in commercial banking and strategic oversight has been central to driving the growth and performance of FBIZ. His career is marked by a series of progressive responsibilities that underscore his expertise in risk management, financial controls, and enterprise-wide strategic planning.

    $FBIZ Performance Under Corey A. Chambas

    Past Roles

    OrganizationRoleDate RangeDetails
    FBFS President Feb 2005 - Jan 2023 Former role at FBFS
    FBFS Chief Operating Officer Feb 2005 - Sept 2006 Former role at FBFS
    FBB (First Business Bank) Chief Executive Officer July 1999 - Sept 2006 Former role at FBB
    FBFS Executive Vice President July 2002 - Feb 2005 Former role at FBFS
    FBB (First Business Bank) President July 1999 - Feb 2005 Former role at FBB
    M&I Bank / BMO Bank, N.A. Vice President of Commercial Lending Pre-1993 Prior to joining FBIZ

    External Roles

    OrganizationRoleDate RangeDetails
    Other Private Organizations Advisory Board Member Current N/A
    Other Private Organizations Advisor to the Board Current N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$610,000 2023 (Annual)Core base salary
    Stock Awards$336,580 Awarded in 2023Includes RSAs, RSUs, and PRSUs; if PRSUs vest at maximum, total grant date fair value is $304,968
    Change in Pension Value$691,210 2023Aggregate change in actuarial present value of retirement benefit
    All Other Compensation$29,990 2023401(k) matching: $9,900 ; Auto use/Reimbursement: $5,768 ; Discretionary 401(k) Profit Sharing: $14,322
    RSUs$126,013 Granted on February 16, 20233,460 RSUs granted
    Pension Benefits$4,924,533 2023 (Payments: $0 )Plan: The Second Amended and Restated Agreement; 30 years credited service

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricThresholdTargetSuperiorActualPayout % of TargetWeight (%)
    Top Line Revenue$133,700,000 $139,700,000 $145,700,000 $143,895,551 170.00% 33.33%
    Efficiency Ratio63.35% 61.35% 59.35% 60.99% 118.00% 33.33%
    ROAA1.10% 1.20% 1.30% 1.13% 50.00% 33.33%
    DescriptionValue
    Targeted Payout (% of Base Salary)45.00%
    Maximum Payout (% of Base Salary)95.00%
    Actual Payout (% of Base Salary)50.98%
    Bonus Payout Amount$310,969
    Evaluation Period2023
    Payment Date2024 (post-performance review)

    PRSUs

    MetricValue
    Threshold (shares)2,593
    Target (shares)5,185
    Maximum (shares)10,370
    Grant DateFebruary 16, 2023
    Grant Date Fair Value$210,567
    Grant Date Stock PriceN/A
    Vesting SchedulePerformance-based over 3-year period ending December 31, 2026
    Performance MetricsRelative TSR: 99th percentile; Relative ROAE: 92nd percentile; Performance Payout: 200% of Target