For more information contact:
Kelley Dixon
Marketing & Events Coordinator
First Business Financial Services, Inc.
608-232-5774
kdixon@firstbusiness.com
MADISON, WI, September 9, 2011 – First Business Bank is launching a new interest-bearing checking account for businesses. Recent regulatory changes allow banks to pay interest on checking balances to all businesses. In the past Regulation Q permitted payment of interest to only sole-proprietors and nonprofit organizations. As of July 21, 2011, the Dodd-Frank Wall St. Reform and Consumer Protection Act repealed this provision of Regulation Q.
Effective today, First Business Bank will offer a new Premier Interest-Bearing Checking account. It will pay an attractive rate of interest on surplus balances kept within the account. “This will be a valuable product for businesses that are looking to maximize the earning potential of their liquid reserves,” commented Beth Korth, Senior Vice President of Treasury Management at First Business Bank.
To find out more about this new business checking account, go to http://www.firstbusiness.com/premier.
About First Business Bank – Madison
First Business Bank was established by area business owners and investors in 1990 to specialize in quality business banking for the local business community. First Business Bank offers a full line of financial services for businesses and business owners, including: commercial lending, treasury management, private banking, retirement plans, investment management services, trust services, asset-based lending, and equipment finance and leasing. For additional information, call 608-238-8008.
About First Business Financial Services, Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1+ billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. It is the 3rd largest Wisconsin-based commercial bank holding company listed on NASDAQ or NYSE. Its companies include: First Business Bank – Madison; First Business Bank – Milwaukee; First Business Bank – Northeast; First Business Trust & Investments; First Business Equipment Finance, LLC; and First Business Capital Corp. For additional information, visit http://www.firstbusiness.com or call (608) 238-8008.
