On March 30, 2020, First Business Financial Services, Inc. announced that its Board of Directors has appointed Bradley A. Quade to serve as the Company’s Chief Credit Officer, effective March 31, 2020. Mr. Quade has been serving as the Company’s Deputy Chief Credit Officer since October 2019. In conjunction with Mr. Quade’s appointment, Mr. Michael J. Losenegger, the Company’s current Chief Credit Officer, will cease to serve as Chief Credit Officer effective March 31, 2020 and will serve as the Senior Vice President of Credit Administration to facilitate the transition of the Chief Credit Officer position to Mr. Quade.