First Business Financial Services CEO Corey Chambas' 2020 pay rises 12% to $1.4M

First Business Financial Services reports 2020 executive compensation

By ExecPay News

Published: March 9, 2021

First Business Financial Services reported fiscal year 2020 executive compensation information on March 9, 2021.

In 2020, five executives at First Business Financial Services received on average a compensation package of $683K, a 3% decrease compared to previous year.

Average pay of disclosed executives at First Business Financial Services

Corey A. Chambas, Chief Executive Officer, received $1.4M in total, which increased by 12% compared to 2019. 36% of Chambas' compensation, or $490K, was in salary. Chambas also received $270K of change in pension value and nonqualified deferred compensation earnings, $310K in non-equity incentive plan, $277K in stock awards, as well as $28K in other compensation.

For fiscal year 2020, the median employee pay was $104,725 at First Business Financial Services. Therefore, the ratio of Corey A. Chambas' pay to the median employee pay was 13 to one.

David R. Seiler, Chief Operating Officer, received a compensation package of $601K, which increased by 1% compared to previous year. 50% of the compensation package, or $303K, was in salary.

Edward G. Sloane, Jr, Chief Financial Officer, earned $556K in 2020, a 1% increase compared to previous year.

Mark J. Meloy, Chief Executive Officer, received $445K in 2020, which increases by 1% compared to 2019.

Bradley A. Quade, Chief Credit Officer, earned $436K in 2020.