MADISON, Wis., Nov. 3, 2014 (GLOBE NEWSWIRE) — First Business
Financial Services, Inc. (“First Business”) (Nasdaq:FBIZ) announced its
board of directors has declared a quarterly cash dividend on its common
stock of $0.21 per share. The 2014 annualized dividend amount is $0.84
per share. This regular cash dividend is payable on November 24, 2014
to shareholders of record at the close of business on November 13,
2014.
Corey Chambas, President & Chief Executive Officer, stated, “With our
acquisition of Alterra Bank we begin the next chapter of First
Business. We are pleased to maintain the dividend rate of $0.21 per
share which will be paid to all shareholders including our newest
shareholders who received First Business shares as partial
consideration in the Alterra transaction. We believe our earnings and
capital position give us the ability to support this dividend level
going forward even as we continue our strategic growth initiatives with
the goal of increasing shareholder value.”
