Report
Quarterly Market Review Q3 2026
Stronger-than-expected growth, persistent inflation, and higher interest rates shaped the third quarter of 2026.
About Scott
Scott M. Ferris has served as a director of First Business Financial Services, Inc. and First Business Bank since June 2026 and is a member of the Audit Committee and the Operational Risk Committee. Mr. Ferris retired from BMO Financial Group, where he served as the Managing Director leading the commercial banking business within the Financial Institutions Group from November 2006 to January 2025. He joined BMO in 1985 and held roles across commercial and corporate banking before advancing into senior leadership positions, including Managing Director and Head of BMO’s U.S. Financial Institutions Commercial Banking Group. Mr. Ferris brings deep expertise in credit, liquidity, market, and operational risk management, along with experience working with banking and market regulators.
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