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Community State Bank’s Jay Cashmore was named Lender of the Year at the 42nd annual Racine County Economic Development Corporation (RCEDC) Celebration on Thursday (May 8) at Festival Hall.

The award is presented each year to the lender that worked with RCEDC on the most loans in the highest amounts.

In his 33rd year of banking, Cashmore is CSB’s VP | Market President in Waterford.

“Jay has become a great resource for our clients in the Waterford area,” said Robert Pieroni, CSB EVP | Chief Lending Officer & Market President in Kenosha County. “He knows how to build relationships and help local businesses grow with a personal touch.”

The annual event recognizes local leaders, celebrates business growth and reflects on RCEDC’s 42 years of contributions to Racine County development.

Todd Battle of Zilber Property Group and Amanda Scholl of Saputo Cheese USA were presented with the Business Development Project of the Year and Mark McCleary of SCORE Mentors Southeast Wisconsin was named the Sam Johnson Volunteer of the Year.

Cashmore has more than three decades of experience in commercial lending, loan origination, mortgage lending and cash management.

In 2023, Cashmore was named Market President in Waterford. He’s secured three Small Business Loans (SBA) in the past 18 months.

“I want to thank Wes Walsh and Diane Albrecht of Business Lending Partners for their help in educating the borrowers and getting the deals across the finish line,” Cashmore said. “I’d also like to thank everyone at Community State Bank for their dedication to fostering growth in Racine County.”

Cashmore wrapped up his acceptance speech with one final thank you, a heartfelt shoutout to his wife, Heather.“

Thank you to my wife for putting up with me and always supporting me,” Cashmore said.

The night wrapped up with a keynote presentation from James Robilotta, a leadership author, motivational speaker and improv comedian who is passionate about bringing humanity and connection back into the workplace.

RCEDC is responsible for administering 11 Revolving Loan Funds (RLFs), the Small Business Administration (SBA) 504 loan program and three matching grant programs.

“As a commercial lender, I love helping my customers with these resources,” said Pieroni, RCEDC Loan Committee Chair.

For more community news, visit CSB.bank.

Chief Executive Officer Corey Chambas to Retire in May 2026; President and Chief Operating Officer Dave Seiler named successor

First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) announced that Corey A. Chambas intends to retire from his role as Chief Executive Officer on May 2, 2026. The Company will name President and Chief Operating Officer David R. Seiler to succeed him as CEO effective the same date. Mr. Chambas will remain on the boards of directors of the Company and First Business Bank.

“On behalf of our Board and entire organization, I extend our deep appreciation to Corey for his visionary leadership, which has been instrumental in driving our growth, shaping our culture, preserving our mission, and building shareholder value over the past three decades,” said Jerry Kilcoyne, Chairman of the Board of Directors of the Company. “Corey’s commitment to First Business Bank’s founding mission – to be the experts our business clients deserve – helped establish a culture that differentiates the Bank for our employees, clients, communities, and shareholders alike. Nowhere is Corey’s impact on our organization more evident than in the outstanding leadership team of industry veterans and visionary contributors he has built. I am very pleased that we can continue to rely on his expertise over the next year as he and Dave work closely to support the ongoing execution of the Bank’s strategic plan.”

Mr. Chambas joined the Company in 1993 and has been Chief Executive Officer of First Business Financial Services, Inc. since January 2006 and served as its President from February 2005 to January 2023.

Chambas stated, “I am honored to have contributed to First Business Bank’s exceptional growth and success, and I am humbled to lead the Company alongside my colleague and friend, Dave Seiler. Dave embodies First Business Bank’s commitment to best-in-class client service, and he has been a trusted partner to me and the entire management team for nearly a decade. Dave’s thirty plus years in the banking industry prior to joining First Business Bank equipped him with expertise that has been vital to our growth in size and sophistication. He has led all the Bank’s revenue-generating business lines and most internal operations, and just as importantly lives out our culture, making him ideally suited to serve as our next CEO. I am confident his strategic vision for future success will create continued growth and value for all our stakeholders.”

Mr. Seiler has been President and Chief Operating Officer of First Business Financial Services, Inc. since January 2023, following seven years of service as Chief Operating Officer. Prior to joining the Bank in April 2016, Seiler served in various leadership roles with leading commercial banking firms in the Midwest. Most recently, he served as Managing Director of the Correspondent Banking Division of BMO Harris Bank. Seiler earned a bachelor’s degree in marketing and business administration and a master’s degree in real estate appraisal and investment analysis from the University of Wisconsin – Madison.

“I will be honored to step into Corey’s role as CEO and look forward to working together over the next year to ensure a smooth transition,” Seiler commented. “I am excited to carry on Corey’s forward-thinking vision, ensuring we position First Business Bank to thrive in the future. Most importantly, I will strive to protect and strengthen our culture which is foundational to our success.”

Bank Five Nine is proud to donate $1,000 and support the mission of the Wisconsin Women’s Business Initiative Corporation (WWBIC) with a charitable donation, reinforcing their shared commitment to economic empowerment and small business success across the state.

Founded in 1987, WWBIC is a statewide economic development corporation dedicated to “Putting Dreams to Work” by opening the doors of opportunity to entrepreneurs and small business owners. They have provided critical support to over 76,000 individuals, loaned more than $125 million, and contributed to the creation or retention of over 15,000 jobs in Wisconsin.

“Bank Five Nine is honored to support the WWBIC, “said Tim Schneider, President and CEO of Bank Five Nine.  “Their mission aligns seamlessly with our own goal to make lives better, and we are proud to invest in programs that foster financial independence and community growth.”

To learn more about WWBIC and their impactful work, visit www.wwbic.com.