Jerome J. Smith, born on June 1, 1962, has had a significant impact at First Business Financial Services, Inc. Over the years, he transitioned from being the founder and CEO, leading the company from its inception until 2006, to serving...

Jerome J. Smith, born on June 1, 1962, has had a significant impact at First Business Financial Services, Inc. Over the years, he transitioned from being the founder and CEO, leading the company from its inception until 2006, to serving as the Chairman of the Board until 2019. His vast experience in the finance sector spans several decades, contributing to his deep understanding of banking and financial services. He notably retired from his CEO position in 2006, but continued his influence through consulting to the board until 2019. During his tenure, he witnessed the company's evolution, aligning it with market demands and shareholder interests. Smith's decision to retire was not due to any disagreement with the company, which speaks to his stable leadership. His strategic vision and experience have helped shape the direction of First Business Financial Services during pivotal years in the banking industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First Business Financial Services CEOs

F

Jerome J. Smith

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 - 63 years ago

CEO of First Business Financial Services for

0 years 5 months (Jul 2006 - Jan 2007)

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 Jerome J. Smith

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 Jerome J. Smith make over time.

Jerome J. Smith's trading activity shows a notable consistency in his confidence in First Business Financial Services. From September 2019 to January 2022, his insider holdings fluctuated significantly, starting at around $826,870 in September 2019 and peaking at approximately $1.47...

Jerome J. Smith's trading activity shows a notable consistency in his confidence in First Business Financial Services. From September 2019 to January 2022, his insider holdings fluctuated significantly, starting at around $826,870 in September 2019 and peaking at approximately $1.47 million by September 2024. This reflects an overall trend of increasing value in his holdings as he accumulated wealth in the company he helped build. His investments reveal a gradual build in confidence in the stock, despite some dips, indicating a long-term commitment to the company's growth strategies. His recent trading patterns suggest an active management of his equity position, showcasing a keen understanding of market dynamics.

Mar 17, 2025

F

shares

FBIZ @ $47.55

Total Stock Sold

$1.23M

FBIZ

$1.23M

84,307 FBIZ shares

What if they kept their stock?

If Jerome J. Smith didn't sell their stock, today they would have:
Extra FBIZ84,307 shares worth $1.42M.
This is 15.39% and $189.32K more than what they got when they sold the stock.

Charitable Transactions

FBIZ

8,322 shares

FBIZ

Recent Charitable Transactions

FBIZ

2,087 shares

FBIZ

Jul 30, 2018

Charity

FBIZ

600 shares

FBIZ

Nov 25, 2016

Charity

FBIZ

575 shares

FBIZ

Dec 14, 2015

Charity

FBIZ

675 shares

FBIZ

Dec 23, 2014

Charity

FBIZ

300 shares

FBIZ

Dec 18, 2014

Charity

FBIZ

300 shares

FBIZ

Dec 19, 2013

Charity

Insider Trading

See recent insider trades of Jerome J. Smith.

FBIZ

2,087 shares

FBIZ

Jul 30, 2018

Charity

FBIZ

$26.46K

FBIZ at $21.17/share

Sep 6, 2017

Sale

FBIZ

1,250 shares

FBIZ

Aug 16, 2017

Received

FBIZ

$31.56K

FBIZ at $21.40/share

Aug 2, 2017

Sale

FBIZ

$29.86K

FBIZ at $23.89/share

May 16, 2017

Received

FBIZ

$885.36

FBIZ at $26.04/share

May 2, 2017

Sale

FBIZ

$31.03K

FBIZ at $24.83/share

Mar 3, 2017

Sale

FBIZ

$31.90K

FBIZ at $25.52/share

Feb 16, 2017

Received

FBIZ

$90.76K

FBIZ at $24.20/share

Jan 31, 2017

Sale

FBIZ

600 shares

FBIZ

Nov 25, 2016

Charity

Compensation History

See how much did Jerome J. Smith make over time.

Throughout his career at First Business Financial Services, Jerome J. Smith had varied compensation structures during his tenure as CEO. In 2006, his total compensation was approximately $399,806, derived from a base salary of $292,400 and additional benefits related to consulting roles, reflecting a strategic pay structure aligned with company performance. After transitioning to Chairman, he continued to receive compensation for his expertise, which reinforces the board's recognition of his long-term contributions. Notably, his compensation philosophy was focused on aligning executive pay with the company's performance, which helped retain key executives and motivate overall success. In 2007, as his role shifted, his reported compensation dropped significantly to $115,680, highlighting the transition from a leading operational role to a more advisory one.

Year

2007

Total Compensation

$116.28K

Salary

$35.25K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and peer benchmarking.

Bonus

$0.00

Board Justification

No bonus was reported for the year 2007.

Other

$58.15K

Board Justification

Other compensation includes $54,222 for consulting services and $1,627 for employer 401(k) match.

Restricted Stock

$22.88K(3.26K restricted stock)

Board Justification

Mr. Smith had 3,260 restricted shares that vested in 2007.

Performance Metrics

Performance metrics for determining compensation were not specified in the provided text.

Other First Business Financial Services CEOs

Here are other CEOs of First Business Financial Services

Corey A. Chambas

Ex-CEO of First Business Financial Services

January 2007 - January 2016