BROOKFIELD, WI – APRIL 30, 2020 – First Business Equipment Finance, LLC, a subsidiary of First Business Financial Services, Inc. (Nasdaq: FBIZ), is pleased to announce the promotion of Spencer Woodbury to Commercial Finance – Team Lead.

Spencer Woodbury joined First Business in 2017 as part of the Commercial Lending Team and served in a variety of positions. In the fall of 2018, he accepted a newly created position within First Business’ Equipment Finance Group. Spencer began as a Credit and Sales Support Specialist, and over time he assumed additional responsibilities with a promotion in early 2020 to Team Lead. In his current role, he manages a group of professionals who are responsible for credit processing and risk management, underwriting, documentation review and approval, and prefunding audit work on small ticket loan and lease transactions.

About First Business Bank
First Business Financial Services, Inc. (Nasdaq: FBIZ) is a bank holding company and parent of First Business Bank focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offers business banking, specialty finance, and private wealth management solutions, and, through its niche focus, provides clients with unmatched expertise, accessibility, and responsiveness.