First Business Bank announces CEO succession plan

First Business Financial Services Inc. announced that Corey A. Chambas will retire from his role as chief executive officer on May 2, 2026. The company will name David R. Seiler, its president and chief operating officer, to succeed him as CEO effective the same date. Chambas will remain on the board of directors.

Chambas joined the company in 1993. He has been CEO of First Business Financial Services Inc. since January 2006 and served as its president from February 2005 to January 2023.

Seiler has been president and COO of First Business Financial Services Inc. since January 2023, following seven years of service as COO. Prior to joining the bank in April 2016, Seiler served in various leadership roles with commercial banking firms in the Midwest. Most recently, he served as managing director of the Correspondent Banking Division at BMO Harris Bank...

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RSK: Congrats on your service and retirement in the industry. As a neighbor, workout buddy and friend, I salute you and hope you enjoy your slightly diminished role...and the Grandkids...