Sign in

Corey A. Chambas

Chief Executive Officer at FIRST BUSINESS FINANCIAL SERVICES
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

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