Director Carol P. Sanders resigns; board reduced to seven; Kauten named Audit Chair

FIRST BUSINESS FINANCIAL SERVICES, INC.

Carol P. Sanders resigned from the Board effective Dec 17, 2024; no disagreement with Company.
Board reduced from nine to seven seats; vacancies from resignation and death of John J. Harris.
Ralph R. Kauten appointed Chair of Audit Committee; qualifies as audit committee financial expert.
Jerry L. Kilcoyne (Board Chair) joins Audit Committee; W. Kent Lorenz joins Compensation Committee.

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