Corey A. Chambas is the CEO of First Business Financial Services, Inc. since 2007. He has built a long career in finance with a focus on banking. Under his direction, the company has consistently been evaluated on solid performance metrics...

Corey A. Chambas is the CEO of First Business Financial Services, Inc. since 2007. He has built a long career in finance with a focus on banking. Under his direction, the company has consistently been evaluated on solid performance metrics like revenue growth and return on assets. In 2022, his compensation totaled $1.84 million, showing how his pay aligns with the company’s success. He’s been active in personal investing, making notable insider trades that peaked at over $7 million in 2024. Chambas has a structured retirement plan, which adds financial stability for his future. His agreements include benefits that automatically adjust with the company's performance. With nearly three decades at this firm, he has played a significant role in shaping its direction. Corey's professional journey illustrates a strong connection between leadership and financial strategy, ensuring both personal and company growth.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First Business Financial Services CEOs

F

Corey A. Chambas

Ex-CEO of First Business Financial Services

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

June 1, 1962 - 62 years ago

CEO of First Business Financial Services for

9 years 0 months (Jan 2007 - Jan 2016)

Previous Experience

President and Chief Operating Officer of the Company since February, 2005; Executive Vice President of the Company from July, 2002 to February, 2005; Chief Executive Officer of First Business Bank since July, 1999.

Rivals

Competitors/colleagues of Corey A. Chambas

S

Travis Jaggers

CEO of Stellar Bancorp

2023 Compensation

Stock

$71.29K

Salary

$745.00K

Bonus

$92.61K

Other

$28.71K

Total Holdings

$352.34K

N

Michael E. Daniels

Founder and CEO of Nicolet Bankshares

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$20.00K

Total Holdings

$35.81M

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

Holdings

See how much did Corey A. Chambas make over time.

Corey A. Chambas has shown significant involvement in insider trading at First Business Financial Services, with fluctuations indicating a keen sense of market timing. His holdings peaked at approximately $7 million in 2024, reflecting his confidence in the company’s strategic...

Corey A. Chambas has shown significant involvement in insider trading at First Business Financial Services, with fluctuations indicating a keen sense of market timing. His holdings peaked at approximately $7 million in 2024, reflecting his confidence in the company’s strategic direction. Over the years, his acquisitions have likely contributed to this growth, demonstrating a deep commitment to the company's future. His active decisions in stock trading emphasize his investment strategy aligned with both the company's performance and his personal investment goals. The moves he has made substantiate a long-term vision for wealth accumulation and financial stability, an insight into the broader financial landscape he navigates with expertise.

Total Stock Sold

$2.94M

FBIZ

$2.94M

80,815 FBIZ shares

What if they kept their stock?

If Corey A. Chambas didn't sell their stock, today they would have:
Extra FBIZ80,815 shares worth $1.31M.
This is -55.52% and $1.63M less than what they got when they sold the stock.

Charitable Transactions

FBIZ

3,536 shares

FBIZ

Recent Charitable Transactions

FBIZ

128 shares

FBIZ

Jan 5, 2024

Charity

FBIZ

663 shares

FBIZ

Nov 22, 2021

Charity

FBIZ

817 shares

FBIZ

Nov 20, 2019

Charity

FBIZ

440 shares

FBIZ

Dec 21, 2017

Charity

FBIZ

435 shares

FBIZ

Dec 4, 2017

Charity

FBIZ

317 shares

FBIZ

Oct 29, 2015

Charity

Insider Trading

See recent insider trades of Corey A. Chambas.

FBIZ

$1.95M

FBIZ at $48.81/share

Nov 7, 2024

Sale

FBIZ

15,010 shares

FBIZ

Apr 19, 2024

Received

FBIZ

3,515 shares

FBIZ

Feb 16, 2024

Received

FBIZ

128 shares

FBIZ

Jan 5, 2024

Charity

FBIZ

$332.08K

FBIZ at $29.13/share

Apr 17, 2023

Received

FBIZ

3,460 shares

FBIZ

Feb 16, 2023

Received

FBIZ

$440.22K

FBIZ at $33.00/share

Apr 18, 2022

Received

FBIZ

3,410 shares

FBIZ

Feb 16, 2022

Received

FBIZ

663 shares

FBIZ

Nov 22, 2021

Charity

FBIZ

5,000 shares

FBIZ

Feb 16, 2021

Received

Compensation History

See how much did Corey A. Chambas make over time.

Corey A. Chambas has a structured compensation package that reflects his leadership role at First Business Financial Services. In 2022, his total pay was around $1.84 million, which includes a base salary, bonuses, and benefits. The bonuses are based on performance metrics such as revenue growth and return on assets, ensuring that his interests align with those of the shareholders. Over the years, his compensation has varied, highlighting the pay-for-performance philosophy of the company. This not only rewards his leadership but also incentivizes his commitment to driving the company’s success. His retirement benefits further assure a safety net as he approaches retirement age, underlining the thoughtful planning that goes into executive compensation.

Year

2016

Total Compensation

$614.92K

Salary

$432.64K

Board Justification

The compensation philosophy is designed to align executive compensation with the success of meeting long-term strategic, operating, and financial goals, emphasizing a pay-for-performance approach.

Bonus

$58.19K

Board Justification

The bonus for Mr. Chambas was calculated based on the performance of the Company, with a target payout of 45% of his salary, resulting in an actual payout of 13.45% of his eligible compensation.

Other

$124.10K

Board Justification

Other compensation includes a 401(k) match, auto reimbursement, profit sharing, and dividends on unvested restricted stock.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was granted to Mr. Chambas in 2016; he recommended not to receive an equity grant that year.

Performance Metrics

The performance metrics for determining the compensation included adjusted top line revenue, analyzed service charges, adjusted return on assets, and SBA loan volume.

Other First Business Financial Services CEOs

Here are other CEOs of First Business Financial Services

Jerome J. Smith

Ex-CEO of First Business Financial Services

July 2006 - January 2007

Edward G. Sloane, Jr.

Ex-CEO of First Business Financial Services

January 2016 - April 2023