---
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"
generated_at: "2026-05-31T03:36:34.306493+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Business Financial Services issues $20M of 7.5% Subordinated Debentures due 2034

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-101214
- JSON: https://secwatch.observer/filing/0001104659-24-101214.json
- Plain text: https://secwatch.observer/filing/0001104659-24-101214.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.