First Business Bank Welcomes Steve Bishop as President of Asset-Based Lending

Madison, WI - April 9, 2025 - First Business Bank welcomes Steve Bishop as President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank.

Steve Bishop brings over 30 years of asset-based lending and commercial banking experience, along with exceptional leadership in middle-market specialty finance to his role. His proven track record includes managing large originations teams across multiple regions, overseeing portfolios exceeding $1.5 billion, and structuring complex credit facilities. Steve’s experience spans asset-based lending, commercial banking, private banking, and wealth management, with particular focus on manufacturing, distribution, and service industries. He excels at building high-performing teams that deliver innovative financial solutions.

Bishop holds an MBA in Finance from the University of Minnesota’s Carlson School of Management and graduated with honors from Northwestern University with a Bachelor of Arts in German Language and Literature.

The Asset-Based Lending team provides asset-based loans to businesses in transition with sales from $10 million to $100 million-plus and financing requirements of up to $24 million. Their financing assists companies with lending solutions to accomplish turnarounds, restructurings, business acquisitions, assist with rapid growth, and more.