{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-101214","form_type":"8-K","ticker":"FBIZ","cik":"0001521951","company_name":"FIRST BUSINESS FINANCIAL SERVICES, INC.","filed_at":"2024-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.363416+00:00","generated_at":"2026-05-31T03:36:34.306493+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"First Business Financial Services issues $20M of 7.5% Subordinated Debentures due 2034","bullets":["Sold $20M in aggregate principal of 7.5% fixed-rate subordinated debentures to accredited investors on Sept 13, 2024.","Debentures mature Sept 13, 2034; may be redeemed in whole or part after Sept 13, 2029 at 100% plus accrued interest.","Net proceeds to repay $15M of 2019 Fixed-to-Floating Rate Subordinated Notes redeemed Aug 15, 2024; remainder for loan growth.","Debentures qualify as Tier 2 capital and were sold under Rule 506(b) of Regulation D; no right of holder acceleration except for bankruptcy or receivership.","Issuer: FBIZ (Nasdaq); use of proceeds supports capital position and growth strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-101214","json":"https://secwatch.observer/filing/0001104659-24-101214.json","markdown":"https://secwatch.observer/filing/0001104659-24-101214.md","text":"https://secwatch.observer/filing/0001104659-24-101214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1521951/000110465924101214/0001104659-24-101214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1521951/000110465924101214/tm2424271d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:36:34.306493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}