First Business Financial Services, Inc.
First Business Financial Services, Inc. is a bank holding company headquartered in Madison, Wisconsin. Founded in 1990, it operates through its subsidiary First Business Bank, providing specialized financial services including commercial lending, treasury management, private wealth, and trust services primarily to businesses, executives, and high-net-worth individuals. The company is publicly traded on NASDAQ (FBIZ) and serves clients throughout Wisconsin and strategic markets in the Midwest. As of 2025, it employs approximately 300 individuals.
Investment Strategy
First Business Financial Services, Inc., through its banking subsidiary, focuses on client-specific relationship banking. The firm's strategy centers on commercial lending, commercial real estate, equipment finance, and specialty finance, complemented by private wealth management and trust services. Their approach emphasizes business-to-business solutions, local expertise, and responsive, personalized service for mid-market companies and professionals, seeking to differentiate through deep market knowledge and client commitment.
Top Holdings
Equity Positions (184)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTI | Vanguard Total Stock Market ET | 24.72% | $274.2M | 902,062 | $124.03 | $303.93 | +$26.1M |
I IEFA | iShares Core MSCI EAFE ETF | 12.82% | $142.2M | 1,703,005 | $68.64 | $83.48 | +$12.7M |
I IWF | iShares Russell 1000 Growth ET | 7.86% | $87.2M | 205,395 | $175.57 | $424.58 | +$12.9M |
I IJR | iShares Core S&P Small-Cap ETF | 5.55% | $61.5M | 562,741 | $79.77 | $109.29 | +$1.9M |
D DGRO | iShares Core Dividend Growth | 5.40% | $59.9M | 937,050 | $48.59 | $63.94 | +$2.1M |