First Business Financial Services will price public offering of stock

Stifel Nicolaus, Raymond James, FIG assist; deal funds debt repayment

By Devika Patel

Knoxville, Tenn., Nov. 1 - First Business Financial Services, Inc. intends to price a public offering of its common stock, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The deal has a 30-day greenshoe option.

Stifel Nicolaus Weisel, Raymond James and FIG Partners, LLC are assisting.

Proceeds will be used to support future growth and repay two tranches of subordinated debt.

The bank holding company is based in Madison, Wisc.

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