<SEC-DOCUMENT>0001104659-23-025324.txt : 20230224
<SEC-HEADER>0001104659-23-025324.hdr.sgml : 20230224
<ACCEPTANCE-DATETIME>20230224162019
ACCESSION NUMBER:		0001104659-23-025324
CONFORMED SUBMISSION TYPE:	S-3/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20230224
DATE AS OF CHANGE:		20230224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BUSINESS FINANCIAL SERVICES, INC.
		CENTRAL INDEX KEY:			0001521951
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				391576570
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-263296
		FILM NUMBER:		23667614

	BUSINESS ADDRESS:	
		STREET 1:		401 CHARMANY DRIVE
		CITY:			MADISON
		STATE:			WI
		ZIP:			53719
		BUSINESS PHONE:		608-238-8008

	MAIL ADDRESS:	
		STREET 1:		401 CHARMANY DRIVE
		STREET 2:		PO BOX 44961
		CITY:			MADISON
		STATE:			WI
		ZIP:			53744

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	First Business Financial Services, Inc.
		DATE OF NAME CHANGE:	20110527
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>As filed with the Securities and Exchange
Commission on February&nbsp;24, 2023</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> <B>Registration No.&nbsp;333-263296</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>PRE-EFFECTIVE AMENDMENT NO. 1 to</B> </P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-3<BR>
REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>UNDER<BR>
THE SECURITIES ACT OF 1933</I></B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>FIRST
BUSINESS FINANCIAL SERVICES,&nbsp;INC.<BR>
</B></FONT><B><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Wisconsin</B></FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>39-1576570</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(State
    or other jurisdiction of<BR>
    incorporation or organization)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(I.R.S.
    Employer<BR>
    Identification Number)</B></FONT></TD></TR>
  </TABLE>


<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>401 Charmany Drive<BR>
Madison, Wisconsin 53719<BR>
(608) 238-8008<BR>
(Address, including zip code, and telephone number, including area code, of registrant&rsquo;s principal executive offices)</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Corey A. Chambas<BR>
Chief Executive Officer<BR>
First Business Financial Services,&nbsp;Inc.<BR>
401 Charmany Drive<BR>
Madison, Wisconsin 53719<BR>
(608) 238-8008<BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Copies
to:</I></B></FONT><B><BR>
C.J. Wauters</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Godfrey&nbsp;&amp; Kahn, S.C.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>833 East Michigan Street, Suite&nbsp;1800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Milwaukee, Wisconsin 53202</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Telephone No.: (414) 273-3500</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Facsimile No.: (414) 273-5198</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Approximate
date of commencement of proposed sale to the public:</B></FONT> From time to time after the effective date of this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the only securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, please check
the following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415 under
the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the
following box. <FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this form is filed to register additional securities for an offering pursuant to Rule&nbsp;462(b)&nbsp;under the Securities Act, please
check the following box and list the Securities Act registration statement number of the earlier effective registration statement for
the same offering. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this form is a post-effective amendment filed pursuant to Rule&nbsp;462(c)&nbsp;under the Securities Act, check the following box
and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective
upon filing with the Commission pursuant to Rule&nbsp;462(e)&nbsp;under the Securities Act, check the following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register
additional securities or additional classes of securities pursuant to Rule&nbsp;413(b)&nbsp;under the Securities Act, check the
following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indicate by check mark whether the registrant is
a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company, or an emerging growth company.
See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo;
and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act. (Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large
accelerated filer <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated
filer <FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated
filer <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller
reporting<BR>
 company <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
growth<BR>
 company <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B)&nbsp;of Securities
Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> * * * </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <B>The registrant hereby amends this registration
statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which
specifically states that this registration statement shall thereafter become effective in accordance with Section&nbsp;8(a)&nbsp;of the
Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange
Commission acting pursuant to said Section&nbsp;8(a), may determine.</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red">The information in this prospectus
is not complete and may be changed. These securities may not be sold until the registration statement containing this prospectus filed
with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting
an offer to buy these securities in any state where the offer or sale is not permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: red"> SUBJECT TO COMPLETION DATED FEBRUARY
24, 2023 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$75,000,000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm237591d1_posamimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>First
Business Financial Services,&nbsp;Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Common
Stock<BR>
Preferred Stock<BR>
Debt Securities<BR>
Warrants<BR>
Subscription Rights<BR>
Units<BR>
Depositary Shares<BR></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may offer and sell, from time to time, in one
or more offerings, together or separately, any combination of the securities described in this prospectus. The aggregate initial offering
price of the securities that we offer will not exceed $75,000,000. This prospectus describes some of the general terms that may apply
to these securities and the general manner in which they may be offered. The specific terms of any securities to be offered, and the specific
manner in which they may be offered, will be described in one or more supplements to this prospectus. This prospectus may not be used
to sell securities unless accompanied by the applicable prospectus supplement. Before investing, you should carefully read this prospectus
and any related prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may offer and sell these securities to or through
one or more underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis. If an offering of securities
involves any underwriters, dealers or agents, then the prospectus supplement will name the underwriters, dealers or agents and will provide
information regarding any fee, commission or discount arrangements made with those underwriters, dealers or agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our common stock is listed on the NASDAQ Global
Select Market under the ticker symbol &ldquo;FBIZ.&rdquo; Our principal executive offices are located at 401 Charmany Drive, Madison,
Wisconsin 53719, and our telephone number is (608) 238-8008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Investing in our securities involves risks.
You should refer to the section entitled &ldquo;Risk Factors&rdquo; on page&nbsp;1 of this prospectus, as well as the risk factors included
in the applicable prospectus supplement and certain of our periodic reports and other information that we file with the Securities and
Exchange Commission and carefully consider that information before buying our securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Neither the Securities and Exchange Commission
nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
Any representation to the contrary is a criminal offense.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THE SECURITIES WILL BE EQUITY SECURITIES IN OR UNSECURED OBLIGATIONS
OF ASSOCIATED BANC-CORP AND WILL NOT BE SAVINGS ACCOUNTS OR DEPOSITS IN OUR SUBSIDIARY BANK, WILL NOT BE GUARANTEED BY OUR SUBSIDIARY
BANK AND, UNLESS SPECIFIED IN A PROSPECTUS SUPPLEMENT, WILL NOT BE INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION
OR ANY OTHER GOVERNMENT AGENCY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> The date of this prospectus is &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2023. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_001">ABOUT THIS PROSPECTUS</A> </TD>
    <TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_001">1</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_002">RISK FACTORS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_002">1</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_003">FIRST BUSINESS FINANCIAL SERVICES,&nbsp;INC.</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_003">1</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_004">USE OF PROCEEDS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_004">2</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_005">DESCRIPTION OF CAPITAL STOCK</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_005">2</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_006">DESCRIPTION OF DEBT SECURITIES</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_006">13</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_007">DESCRIPTION OF WARRANTS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_007">22</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_008">DESCRIPTION OF SUBSCRIPTION RIGHTS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_008">22</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_009">DESCRIPTION OF UNITS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_009">23</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_010">DESCRIPTION OF DEPOSITARY SHARES</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_010">24</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_011">PLAN OF DISTRIBUTION</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_011">26</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_012">SPECIAL NOTE REGARDING FORWARD-LOOKING
    STATEMENTS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_012">28</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_013">WHERE YOU CAN FIND ADDITIONAL INFORMATION</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_013">29</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_014">DOCUMENTS INCORPORATED BY REFERENCE</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_014">29</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> <A HREF="#a_015">LEGAL MATTERS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_015">30</A> </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> <A HREF="#a_016">EXPERTS</A> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <A HREF="#a_016">30</A> </TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_001"></A><B>ABOUT THIS PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus is part of a registration statement
that we have filed with the Securities and Exchange Commission, which we refer to as the SEC, using a shelf registration process on Form&nbsp;S-3.
Under the shelf registration rules, using this prospectus, together with the applicable prospectus supplement, we may sell from time to
time, in one or more offerings, on a continuous or delayed basis, the securities described in this prospectus for an aggregate initial
offering price of up to $75,000,000. The registration statement that contains this prospectus (including the exhibits to the registration
statement) contains additional information about us and the securities we are offering under this prospectus. You can read that registration
statement at the SEC website at http://www.sec.gov or at the SEC office mentioned under the heading &ldquo;Where You Can Find Additional
Information.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus provides you with a general description
of the securities we may offer. Each time we sell any of these securities, we will provide one or more prospectus supplements containing
specific information about the terms of that offering. The prospectus supplements may also add, update or change information contained
in this prospectus. If information in the applicable prospectus supplement is inconsistent with the information in this prospectus, then
the information in such prospectus supplement will apply and will supersede the information in this prospectus. You should carefully read
both this prospectus and any prospectus supplement together with additional information described under the heading &ldquo;Where You Can
Find Additional Information&rdquo; before you invest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should rely only on the information contained
or incorporated by reference in this prospectus and any prospectus supplement. We have not authorized anyone to provide you with different
or additional information. If anyone provides you with different or additional information, you should not rely on it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should not assume that the information in this
prospectus or any accompanying prospectus supplement or any document incorporated by reference is accurate as of any date other than the
date of that document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Neither we nor anyone acting on our behalf is making
an offer to sell these securities in any jurisdiction where the offer or sale is not permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In this prospectus, the terms &ldquo;First Business,&rdquo;
 &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo; refer to First Business Financial Services,&nbsp;Inc.
and its consolidated subsidiaries, collectively, unless the context requires otherwise. References in this prospectus to &ldquo;FBB&rdquo;
or the &ldquo;Bank&rdquo; are used to refer to our subsidiary, First Business Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_002"></A><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">An investment in our securities involves a high
degree of risk. Before making an investment decision, you should carefully read and consider the risk factors incorporated by reference
in this prospectus, as well as those contained in any applicable prospectus supplement, as the same may be updated from time to time by
our future filings with the SEC under the Securities Exchange Act of 1934, as amended, which we refer to herein as the Exchange Act. You
should also refer to other information contained or incorporated by reference in this prospectus and any applicable prospectus supplement,
including our financial statements and the related notes incorporated by reference herein. Additional risks and uncertainties not known
to us or that we deem immaterial may also materially and adversely affect our business and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_003"></A><B>FIRST BUSINESS FINANCIAL SERVICES,&nbsp;INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="background-color: white">First
Business Financial Services,&nbsp;Inc. is a registered bank holding company originally incorporated in 1986 under the laws of the State
of Wisconsin and is engaged in the commercial banking business through its wholly-owned bank subsidiary, FBB, headquartered in Madison,
Wisconsin. All of our operations are conducted through FBB and its wholly-owned subsidiary First Business Specialty Finance, LLC. The
Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs
of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Our products and services
include those for business banking, private wealth, and bank consulting. Within business banking, we offer commercial lending, asset-based
lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, Small Business Administration (&ldquo;SBA&rdquo;)
lending and servicing, treasury management services, and company retirement plans. Our private wealth management services include trust
and estate administration, financial planning, investment management, consumer lending and private banking for executives and owners
of our business banking clients and others. Our bank consulting experts provide investment portfolio administrative services, asset liability
management services, and asset liability management process validation for other financial institutions. We do not utilize a branch network
to attract retail clients. Our operating philosophy is predicated on deep client relationships and extensive expertise, combined with
the efficiency of centralized administrative functions, such as information technology, loan and deposit operations, finance and accounting,
credit administration, compliance, marketing, and human resources. Our focused model allows experienced staff to provide the level of
financial expertise needed to develop and maintain long-term relationships with our clients. We conduct our commercial banking business
operations through one operating segment.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="background-color: white">As of
December&nbsp;31, 2022, on a consolidated basis, we had total assets of $2.977 billion, total gross loans and leases of $2.443 billion,
total deposits of $2.168 billion, and total stockholders&rsquo; equity of $260.6 million. Our principal executive offices are located
at 401&nbsp;Charmany Drive, Madison, Wisconsin&nbsp;53719 and our telephone number is (608)&nbsp;238-8008.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We maintain an Internet website at www.firstbusiness.com.
Neither this website nor the information on this website is included or incorporated in, or is a part of, this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Additional information about us is included in
our filings with the SEC, which are incorporated by reference into this prospectus. See &ldquo;Where You Can Find Additional Information&rdquo;
and &ldquo;Documents Incorporated by Reference&rdquo; in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_004"></A><B>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless the applicable prospectus supplement states
otherwise, we will use the net proceeds we receive from the sale of the securities for general corporate purposes, which may include,
among other things, investments in or advances to our subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment
or the financing of possible acquisitions. The applicable prospectus supplement relating to a particular offering of securities by us
will identify the use of proceeds for that offering. Until we use the net proceeds from an offering, we may place the net proceeds in
temporary investments or deposit them in a bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will pay the fees and expenses incurred in effecting
the registration of the securities covered by this prospectus, including, without limitation, all registration and filing fees, fees and
expenses of our counsel and accountants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_005"></A><B>DESCRIPTION OF CAPITAL STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> We have the authority to issue 25,000,000 shares
of common stock, par value $0.01 per share, and 2,500,000 shares of preferred stock, par value $0.01 per share. As of December&nbsp;31,
2022, 9,371,028 shares of common stock were issued and 8,362,085 shares were outstanding, and 12,500 shares of our 7.00% Fixed-to-Floating
Non-Cumulative Perpetual Preferred Stock, Series&nbsp;A (the &ldquo;Series&nbsp;A Preferred Stock&rdquo;) were issued and outstanding. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> The following description of the material terms
of our capital stock is only a summary. This summary does not purport to be a complete description of the terms and conditions of our
capital stock in all respects and is subject to and qualified in its entirety by reference to our Amended and Restated Articles of Incorporation,
as amended (the &ldquo;Articles of Incorporation&rdquo;) and our Amended and Restated By-laws (the &ldquo;Bylaws&rdquo;), each of which
is incorporated herein by reference, as well as the Wisconsin Business Corporation Law, and any other documents referenced in the summary
and from which the summary is derived. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>General.
</B></FONT>Under our Articles of Incorporation, we have the authority to issue 25,000,000 shares of our common stock, par value $0.01
per share, of which 9,371,078 shares of common stock were issued and 8,362,085 shares of common were stock outstanding as of December&nbsp;31,
2022. Additionally, as of December&nbsp;31, 2022, we had 134,812 shares, in the aggregate, remaining available for future issuance under
our equity compensation plans, including our Employee Stock Purchase Plan and the 2019 Equity Incentive Plan, as amended. Our common
stock is listed for trading on the NASDAQ Global Select Market under the symbol &ldquo;FBIZ.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each share of our common stock has the same relative
rights and is identical in all respects to every other share of our common stock. Our shares of common stock are neither redeemable nor
convertible, and the holders thereof have no preemptive, subscription or other rights to purchase any of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Voting
Rights.</B></FONT> Each outstanding share of our common stock is entitled to one vote on all matters submitted to a vote of shareholders.
There is no cumulative voting in the election of directors, which means that a plurality of the shares voted shall elect all of the directors
then standing for election at a meeting of shareholders at which a quorum is present. Our board of directors is divided into three classes
of directors, each serving a staggered three-year term. At each annual meeting, the successors to the class of directors whose terms expire
at that meeting are elected for a term of office to expire at the third succeeding annual meeting after their election and until their
successors have been duly elected and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Liquidation
Rights.</B></FONT> Upon our liquidation, dissolution or winding up, the holders of our common stock are entitled to receive, pro rata,
our assets which are legally available for distribution, after payment of all debts and other liabilities and subject to the prior rights
of any holders of preferred stock then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dividends
Payable on Shares of Common Stock.</B></FONT> In general, the holders of outstanding shares of our common stock are entitled to receive
dividends out of assets legally available therefor at such times and in such amounts as our board of directors may from time to time determine.
The ability of our board of directors to declare and pay dividends on our common stock may be affected by both general corporate law considerations
and policies of the Board of Governors of the Federal Reserve System, which we refer to herein as the Federal Reserve, applicable to bank
holding companies. As a Wisconsin corporation, we are subject to the limitations of Wisconsin law, which allows us to pay a dividend unless,
after such dividend, we would not be able to pay our debts as they become due in the usual course of business or our total assets would
be less than the sum of our total liabilities plus any amount that would be needed if we were to be dissolved at the time of the dividend
payment to satisfy the preferential rights upon dissolution of shareholders whose preferential rights are superior to those receiving
the dividend. As a bank holding company, our ability to declare and pay dividends is also subject to the guidelines of the Federal Reserve
regarding capital adequacy and dividends. The Federal Reserve guidelines generally require us to review the effects of the cash payment
of dividends on our common stock and other Tier 1 capital instruments in light of our earnings, capital adequacy and financial condition.
As a general matter, the Federal Reserve indicates that the board of directors of a bank holding company should eliminate, defer or significantly
reduce the dividends if: (i)&nbsp;the company&rsquo;s net income available to shareholders for the past four quarters, net of dividends
previously paid during that period, is not sufficient to fully fund the dividends; (ii)&nbsp;the prospective rate of earnings retention
is inconsistent with the company&rsquo;s capital needs and overall current and prospective financial condition; or (iii)&nbsp;the company
will not meet, or is in danger of not meeting, its minimum regulatory capital adequacy ratios. The Federal Reserve also possesses enforcement
powers over bank holding companies and their nonbank subsidiaries to prevent or remedy actions that represent unsafe or unsound practices
or violations of applicable statutes and regulations. Among these powers is the ability to proscribe the payment of dividends by banks
and bank holding companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Most of our revenues available for the payment
of dividends derive from amounts paid to us by the Bank. There are various statutory limitations that limit the ability of the Bank to
pay dividends to us. FBB is a Wisconsin state-chartered bank and is subject to the laws and regulations of the Wisconsin Department of
Financial Institutions and to the regulations of the Federal Deposit Insurance Corporation, which we refer to herein as the FDIC. If a
bank&rsquo;s primary banking regulator determines that the bank is engaged or is about to engage in an unsafe or unsound banking practice,
the regulator may require, after notice and hearing, that the bank cease and desist from such practice. Depending on the financial condition
of the bank, an unsafe or unsound practice could include the payment of dividends. In particular, the federal banking agencies have indicated
that paying dividends that deplete a bank&rsquo;s capital base to an inadequate level would be an unsafe and unsound banking practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under Wisconsin banking law, FBB generally may
not pay dividends in excess of its undivided profits, and if dividends declared and paid in either of the two immediately preceding years
exceeded net income for either of those two years respectively, FBB may not declare or pay any dividend in the current year that exceeds
year-to-date net income. Further, the payment of dividends by any financial institution is also affected by the requirement to maintain
adequate capital pursuant to applicable capital adequacy guidelines and regulations, and a financial institution generally is prohibited
from paying any dividends if, following payment thereof, the institution would be undercapitalized. Even notwithstanding the availability
of funds for dividends, the FDIC may prohibit the payment of any dividends by an insured bank, such as the Bank, if the FDIC determines
such payment would constitute an unsafe or unsound practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Furthermore, as of December&nbsp;31, 2022,
we had outstanding approximately $35.0 million in aggregate principal amount of subordinated notes. As of December&nbsp;30, 2022, we
were current on the interest payable pursuant to such subordinated notes. However, if we default on our obligation to pay interest on
such instruments in the future, our ability to pay dividends on our common stock also will be subject to the prior payment of all accrued
but unpaid interest on such subordinated notes. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anti-Takeover Provisions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>General.</B></FONT>
Our amended and restated articles of incorporation and amended and restated by-laws may have the effect of discouraging, delaying or preventing
a change in control or an unsolicited acquisition proposal that a shareholder might consider favorable, including a proposal that might
result in the payment of a premium over the market price for the shares held by shareholders. These provisions are summarized in the following
paragraphs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Authorized
Shares of Capital Stock.</B></FONT> Authorized but unissued shares of our common stock and preferred stock under our amended and restated
articles of incorporation could (within the limits imposed by applicable law and the rules&nbsp;of The NASDAQ Stock Market LLC) be issued
in one or more transactions that could make a change of control of us more difficult, and therefore more unlikely. The additional authorized
shares could be used to discourage persons from attempting to gain control of us by diluting the voting power of shares then outstanding
or increasing the voting power of persons who would support the board of directors in a potential takeover situation, including by preventing
or delaying a proposed business combination that is opposed by the board of directors although perceived to be desirable by some shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limitations
on Right to Call Special Meetings; Stockholder Proposal Notice Requirements; Unanimous Consent without Meeting.</B></FONT> Under our amended
and restated by-laws, a special meeting of our shareholders may be called only by: (i)&nbsp;the Chairperson of the board of directors;
(ii)&nbsp;the President; (iii)&nbsp;resolution adopted by a majority of the board of directors; or (iv)&nbsp;the holders of at least 10%
of all the votes entitled to be cast on any issue proposed to be considered at the proposed special meeting who sign, date and deliver
to First Business one or more written demands for the meeting describing one or more purposes for which it is to be held. Additionally,
our amended and restated by-laws require that shareholder proposals meet certain advanced notice and minimum informational requirements.
Further, under our amended and restated by-laws, shareholders may only take action without a meeting if such action receives the unanimous
written consent of all shareholders entitled to vote thereon. These provisions could have the effect of delaying until the next annual
shareholders meeting shareholder actions which are favored by the holders of a majority of our outstanding voting securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Classified
Board of Directors; Noncumulative Voting for Directors.</B></FONT> Our amended and restated by-laws provide that our board of directors
is classified into three classes of directors, with the members of one class to be elected each year, which prevents a majority of our
directors from being removed at a single annual meeting. Our shareholders are also not permitted to cumulate votes for directors, which
may make it more difficult for a noncompany nominee to be elected to our board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Director
Removal; Filling of Board Vacancies.</B></FONT> Our amended and restated by-laws specify that directors may be removed during their three-year
terms only for one of the following reasons: (i)&nbsp;a willful failure to deal fairly with us or our shareholders in connection with
a matter in which the director has a material conflict of interest; (ii)&nbsp;a violation of criminal law, unless the director had reasonable
cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful; (iii)&nbsp;a
transaction from which the director derived an improper personal profit; or (iv)&nbsp;willful misconduct. Further, our amended and restated
by-laws provide that any vacancy occurring in the board of directors may be filled by a vote of a majority of the remaining directors,
unless such vacancy was created by shareholder action. A person elected to fill a vacancy on the board of directors will serve for the
unexpired term of the director whose seat became vacant. These provisions make it more difficult for shareholders to remove directors
and/or fill vacancies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>State
Anti-Takeover Laws.</B></FONT> Provisions of the Wisconsin Business Corporation Law prevent &ldquo;interested shareholders&rdquo; and
an applicable Wisconsin corporation from entering into a &ldquo;business combination&rdquo; unless certain conditions are met. A business
combination means: (i)&nbsp;any merger or share exchange with an interested shareholder; (ii)&nbsp;any sale, lease, exchange, mortgage,
pledge, transfer or other disposition, in one transaction or a series of transactions, with an interested shareholder having (a)&nbsp;an
aggregate market value equal to 5% or more of the aggregate market value of the assets of the corporation, (b)&nbsp;an aggregate market
value equal to 5% or more of the aggregate market value of all outstanding shares of the corporation, or (c)&nbsp;representing 10% or
more of the earning power or income of the corporation; (iii)&nbsp;the issuance of stock with a market value equal to 5% or more of the
outstanding stock of the corporation to an interested shareholder; (iv)&nbsp;the adoption of a plan or proposal for the liquidation or
dissolution which is proposed by, on behalf of, or pursuant to a written or unwritten agreement, arrangement or understanding with, an
interested shareholder; and (v)&nbsp;certain other transactions involving an interested shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">An &ldquo;interested shareholder&rdquo; is defined
to mean a person who beneficially owns, directly or indirectly, 10% or more of the voting power of the outstanding voting stock of a Wisconsin
corporation or who is an affiliate or associate of the corporation and beneficially owned 10% or more of the voting power of its then-outstanding
voting stock within the last three years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under Wisconsin law, a corporation cannot engage
in a business combination with an interested shareholder for a period of three years following the date such person becomes an interested
shareholder, unless the board of directors approved the business combination or the acquisition of the stock that resulted in the person
becoming an interested shareholder before such acquisition. A corporation may engage in a business combination with an interested shareholder
after the three-year period with respect to that shareholder expires only if one or more of the following conditions is satisfied: (i)&nbsp;the
board of directors approved the acquisition of the stock that resulted in the person becoming an interested shareholder before such acquisition;
(ii)&nbsp;the business combination is approved by a majority of the outstanding voting stock not beneficially owned by the interested
shareholder; or (iii)&nbsp;the consideration to be received by shareholders meets certain fair price requirements of the statute with
respect to form and amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Other provisions of the Wisconsin Business Corporation
Law prohibit an acquiror, under certain circumstances, from voting shares of a target corporation&rsquo;s stock after crossing certain
threshold ownership percentages, unless the acquiror obtains the approval of the target corporation&rsquo;s shareholders. Once an acquiror
obtains voting securities representing in excess of 20% of the outstanding voting power of the corporation, such shareholder&rsquo;s voting
power shall be limited to 10% of the voting power of those shares until disinterested shareholders restore the right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Wisconsin Business Corporation Law also prohibits
a Wisconsin corporation from taking certain actions while it is subject to a take-over offer, which is generally defined as an offer to
acquire the equity securities of the corporation which would result in the acquiror beneficially owning more than 5% of the equity securities
of the corporation. While subject to a take-over offer, a Wisconsin corporation may not take either of the following actions unless approved
by a majority of its shareholders: (i)&nbsp;acquire more than 5% of its voting shares from a shareholder who holds more than 3% of the
voting shares and has held those shares for less than two years at a price above market price, unless the corporation has made the same
offer to all of its shareholders; or (ii)&nbsp;sell assets of the corporation which amount to at least 10% of the market value of the
corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Finally, Wisconsin law also provides that certain
mergers, share exchanges or sales, leases, exchanges or other dispositions of assets in a transaction involving a significant shareholder
and a Wisconsin corporation require a supermajority vote of shareholders in addition to any approval otherwise required, unless shareholders
receive a fair price for their shares that satisfies a statutory formula. A &ldquo;significant shareholder&rdquo; for this purpose is
defined as a person or group who beneficially owns, directly or indirectly, 10% or more of the voting stock of the corporation, or is
an affiliate of the corporation and beneficially owned, directly or indirectly, 10% or more of the voting stock of the corporation within
the last two years. Any such business combination must be approved by 80% of the voting power of the corporation&rsquo;s stock and at
least two-thirds of the voting power of its stock not beneficially owned by the significant shareholder who is party to the relevant transaction
or any of its affiliates or associates, in each case voting together as a single group, unless the following fair price standards have
been met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the aggregate value of the per share consideration is at least equal to the highest of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD>the highest price paid for any common shares of the corporation by the significant shareholder in the transaction in which it became
a significant shareholder or within two years before the date of the business combination;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD>the market value of the corporation&rsquo;s shares on the date of commencement of any tender offer by the significant shareholder,
the date on which the person became a significant shareholder or the date of the first public announcement of the proposed business combination,
whichever is highest; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD>the highest preferential liquidation or dissolution distribution to which holders of the shares would be entitled; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the consideration to be received by shareholders is either cash or the form of consideration used by the significant shareholder to
acquire its shares, or, if it paid for its shares with varying forms of consideration, the form of consideration shall be either cash
or the form used to acquire the largest number of the significant shareholder&rsquo;s shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Under Articles of Incorporation, we may issue
up to 2,500,000 shares of preferred stock, $0.01 par value per share, from time to time in one or more series. Our board of directors
has the full authority permitted by law to fix by resolution or resolutions the voting rights and such designations, preferences, qualifications,
privileges, limitations, restrictions, redemptive rights, conversion rights and other special or relative rights of the preferred stock
that may be desired. As of December&nbsp;31, 2022, other than the 12,500 shares of our Series&nbsp;A Preferred Stock, there were no shares
of preferred stock designated or outstanding. The issuance of preferred stock and the determination of the terms of preferred stock by
the board of directors, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among
other things, adversely affect the voting power of the holders of our common stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The applicable prospectus supplement and any other
offering materials relating to any series of preferred stock issued under the registration statement of which this prospectus is a part
will specify the terms of the series, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the maximum number of shares in the series and the designation of the series;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the terms on which dividends, if any, will be paid;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the terms on which the shares of the series may be redeemed, if at all;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the liquidation preference, if any;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the terms of any retirement or sinking fund for the purchase or redemption of the shares of the series;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the terms and conditions, if any, on which the shares of the series will be convertible into, or exchangeable for, shares of any other
class or classes of common or preferred stock;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the voting rights, if any, of the shares of the series; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any or all other preferences and relative, participating, operational or other special rights or qualifications, limitations or restrictions
of the shares of the series.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The description of preferred stock above and the
description of the terms of a particular series of preferred stock contained in the applicable prospectus supplement and other offering
materials, if any, are not complete. You should refer to the articles of amendment regarding the designation and authorization of a series
of preferred stock for complete information concerning the terms of that series. A copy of the articles of amendment regarding the designation
and authorization of a series of preferred stock containing the terms of such series of preferred stock will be filed with the SEC as
an exhibit to the registration statement of which this prospectus is a part or as an exhibit to a filing incorporated by reference in
the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <B>Series&nbsp;A Preferred Stock</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> As of December&nbsp;31, there were 12,500 shares
of Series&nbsp;A Preferred Stock issued and outstanding, with a liquidation preference of $1,000 per share. The number of shares constituting
the Series&nbsp;A Preferred Stock may be increased from time to time by resolution of our board of directors or a duly authorized committee
of the board in accordance with the Articles of Incorporation (as then in effect), the Bylaws (as then in effect), and applicable law
up to the maximum number of shares of preferred stock authorized to be issued under the Articles of Incorporation (as then in effect)
less all shares at the time authorized of any other series of preferred stock or decreased from time to time by a resolution of the Company&rsquo;s
Board of Directors or a duly authorized committee of the board in accordance with the Articles of Incorporation (as then in effect),
the Bylaws (as then in effect), and applicable law but not below the number of shares of Series&nbsp;A Preferred Stock then outstanding.
Shares of Series&nbsp;A Preferred Stock will be dated the date of issue, which date will be referred to herein as the &ldquo;original
issue date.&rdquo; Shares of outstanding Series&nbsp;A Preferred Stock that are redeemed, purchased, or otherwise acquired by the Company
will be cancelled and will revert to authorized but unissued shares of the preferred stock, undesignated as to series. Capitalized terms
used but not defined in the following description of the Series&nbsp;A Preferred Stock will have the meanings ascribed to them in the
Articles of Incorporation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Ranking</I></B></FONT>.
The shares of Series&nbsp;A Preferred Stock rank: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> senior,
                                            as to dividends and upon liquidation, dissolution, and&nbsp;winding-up&nbsp;of the Company,
                                            to the common stock and to any other class or series of capital stock of the Company now
                                            or hereafter authorized, issued, or outstanding that, by its terms, does not expressly provide
                                            that such class or series ranks&nbsp;<I>pari passu</I>&nbsp;with the Series&nbsp;A Preferred
                                            Stock or senior to the Series&nbsp;A Preferred Stock as to dividends and upon liquidation,
                                            dissolution, and&nbsp;winding-up&nbsp;of the Company, as the case may be (collectively, &ldquo;Series&nbsp;A
                                            Junior Securities&rdquo;); </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> on
                                            a parity, as to dividends and upon liquidation, dissolution, and&nbsp;winding-up&nbsp;of
                                            the Company, with any class or series of capital stock of the Company now or hereafter authorized,
                                            issued, or outstanding that, by its terms, expressly provides that such class or series ranks&nbsp;<I>pari
                                            passu</I>&nbsp;with the Series&nbsp;A Preferred Stock as to dividends and upon liquidation,
                                            dissolution, and&nbsp;winding-up&nbsp;of the Company, as the case may be (collectively, &ldquo;Series&nbsp;A
                                            Parity Securities&rdquo;); and </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> junior,
                                            as to dividends and upon liquidation, dissolution, and&nbsp;winding-up&nbsp;of the Company,
                                            to any other class or series of capital stock of the Company now or hereafter authorized,
                                            issued, or outstanding that, by its terms, expressly provides that such class or series ranks
                                            senior to the Series&nbsp;A Preferred Stock as to dividends and upon liquidation, dissolution,
                                            and&nbsp;winding-up&nbsp;of the Company, as the case may be. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> The Company may authorize and issue additional
shares of Series&nbsp;A Junior Securities and Series&nbsp;A Parity Securities from time to time without the consent of the holders of
the Series&nbsp;A Preferred Stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Dividends</I></B></FONT>.
Holders of Series&nbsp;A Preferred Stock will be entitled to receive, only when, as, and if declared by the board or a duly authorized
committee of the board, on each Dividend Payment Date (as defined below), out of assets legally available for the payment of dividends
thereof,&nbsp;non-cumulative&nbsp;cash dividends based on the liquidation preference of the Series&nbsp;A Preferred Stock of $1,000 per
share. Dividends on each share of Series&nbsp;A Preferred Stock will accrue at a rate equal to (i)&nbsp;7.00% per annum on the liquidation
preference of $1,000 per share for each Dividend Period (as defined below) from the original issue date of the Series&nbsp;A Preferred
Stock to, but excluding, March&nbsp;15, 2027 or the date of earlier redemption (the &ldquo;Fixed Rate Period&rdquo;) and (ii)&nbsp;the
Benchmark plus a spread of 539 basis points per annum on the liquidation preference of $1,000 per share for each Dividend Period from
and including March&nbsp;15, 2027 to, but excluding, the date of earlier redemption (the &ldquo;Floating Rate Period&rdquo;);&nbsp;<I>provided</I>,&nbsp;<I>however</I>,
that if the Benchmark is less than zero, the Benchmark will be deemed to be zero, in each case, only when, as and if declared. In the
event the Company issues additional shares of the Series&nbsp;A Preferred Stock after the original issue date, dividends on such shares
may accrue from the original issue or any other date specified by the board or a duly authorized committee of the board at the time such
additional shares are issued. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> If declared by the board of directors of the
Company or a duly authorized committee of the board, dividends will be payable on the Series&nbsp;A Preferred Stock quarterly in arrears
on March&nbsp;15, June&nbsp;15, September&nbsp;15, and December&nbsp;15 of each year, beginning on June&nbsp;15, 2022 (each such day
a &ldquo;Dividend Payment Date&rdquo;) based on a liquidation preference of $1,000 per share. In the event that any Dividend Payment
Date during the Fixed Rate Period falls on a day that is not a Business Day, the dividend payment due on that date will be postponed
to the next day that is a Business Day and no additional dividends will accrue as a result of that postponement. In the event that any
Dividend Payment Date during the Floating Rate Period falls on a day that is not a Business Day, the dividend payment due on that date
will be postponed to the next day that is a Business Day and dividends will accrue to, but excluding, the date dividends are paid. However,
if the postponement would cause the day to fall in the next calendar month during the Floating Rate Period, the Dividend Payment Date
will instead be brought forward to the immediately preceding Business Day. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Dividends will be payable to holders of record
of Series&nbsp;A Preferred Stock as they appear on the Company&rsquo;s stock register on the applicable record date, which will be the
15th calendar day before the applicable Dividend Payment Date, or such other record date, not less than 15 calendar days nor more than
30 calendar days before the applicable Dividend Payment Date, as such record date will be fixed by the board or a duly authorized committee
of the board. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> For purposes of the Series&nbsp;A Preferred
Stock, a &ldquo;Dividend Period&rdquo; is the period from and including a Dividend Payment Date to, but excluding, the next succeeding
Dividend Payment Date or any earlier redemption date, except that the initial Dividend Period will commence on and include the original
issue date of Series&nbsp;A Preferred Stock and continue to, but excluding, the next Dividend Payment Date. Dividends payable on Series&nbsp;A
Preferred Stock during the Fixed Rate Period will be computed on the basis of a&nbsp;360-day&nbsp;year consisting of twelve&nbsp;30-day&nbsp;months.
Dividends payable on Series&nbsp;A Preferred Stock during the Floating Rate Period will be computed on the basis of a&nbsp;360-day&nbsp;year
and the number of days elapsed during the Floating Rate Period. Dollar amounts resulting from the calculation will be rounded to the
nearest cent, with&nbsp;one-half&nbsp;cent being rounded upward. Dividends on the Series&nbsp;A Preferred Stock will cease to accrue
on the redemption date, if any, with respect to the Series&nbsp;A Preferred Stock redeemed, unless the Company defaults in the payment
of the redemption price of the Series&nbsp;A Preferred Stock called for redemption. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Notwithstanding the foregoing paragraph, if
the Calculation Agent determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred with respect to the then-current Benchmark, then the provisions set forth in Section&nbsp;B(1)(a)(viii)&nbsp;of
the Articles of Incorporation will thereafter apply to all determinations of the dividend rate on the Series&nbsp;A Preferred Stock for
each Dividend Period during the Floating Rate Period. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Absent manifest error, the Calculation Agent&rsquo;s
determination of the dividend rate for each Dividend Period during the Floating Rate Period for the Series&nbsp;A Preferred Stock will
be binding and conclusive. The Calculation Agent&rsquo;s determination of any dividend rate, and its calculation of the amount of dividends
for each Dividend Period during the Floating Rate Period, will be maintained on file at the Calculation Agent&rsquo;s principal offices,
will be made available to any holder of the Series&nbsp;A Preferred Stock upon request and will be provided to the transfer agent. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> If the then-current Benchmark is Three-Month
Term SOFR, the Calculation Agent will have the right to establish the Three-Month Term SOFR Conventions, and any of the foregoing provisions
concerning the calculation of the dividend rate and the payment of dividends during the Floating Rate Period are inconsistent with any
of the Three-Month Term SOFR Conventions determined by the Calculation Agent, then the relevant Three-Month Term SOFR Conventions will
apply. Furthermore, if the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date
have occurred with respect to the then-current Benchmark at any time when the Series&nbsp;A Preferred Stock is outstanding, then the
foregoing provisions concerning the calculation of the dividend rate and the payment of dividends during the Floating Rate Period will
be modified in accordance with Section&nbsp;B(1)(a)(viii)&nbsp;of the Articles of Incorporation. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Dividends on the Series&nbsp;A Preferred Stock
will not be cumulative. If the board or a duly authorized committee of the board does not declare a dividend, in full or otherwise, on
the Series&nbsp;A Preferred Stock in respect of a Dividend Period, then such unpaid dividends will cease to accrue and will not be payable
on the applicable Dividend Payment Date or be cumulative, and the Company will have no obligation to pay (and the holders of the Series&nbsp;A
Preferred Stock will have no right to receive) dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend
Period, whether or not the board or a duly authorized committee of the board declares a dividend for any future Dividend Period with
respect to the Series&nbsp;A Preferred Stock, the Common Stock, or any other class or series of the Company&rsquo;s preferred stock.
No interest, or sum of money in lieu of interest, will be payable in respect of any dividend not declared. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Notwithstanding any other provision hereof,
dividends on the Series&nbsp;A Preferred Stock will not be declared, paid, or set aside for payment to the extent such act would cause
the Company to fail to comply with the laws and regulations applicable to it, including applicable capital adequacy rules&nbsp;of the
Board of Governors of the Federal Reserve System (the &ldquo;Federal Reserve&rdquo;) or, as and if applicable, the capital adequacy rules&nbsp;or
regulations of any Appropriate Federal Banking Agency. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> So long as any share of Series&nbsp;A Preferred
Stock remains outstanding: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> no
                                            dividend or distribution will be declared, paid or set aside for payment, and no distribution
                                            will be declared or made or set aside for payment, on any Series&nbsp;A Junior Securities,
                                            other than (i)&nbsp;a dividend payable solely in Series&nbsp;A Junior Securities or (ii)&nbsp;any
                                            dividend in connection with the implementation of a stockholders&rsquo; rights plan, or the
                                            issuance of rights, stock, or other property under any such plan, or the redemption or repurchase
                                            of any rights under any such plan; </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> no
                                            shares of Series&nbsp;A Junior Securities will be repurchased, redeemed, or otherwise acquired
                                            for consideration by the Company, directly or indirectly, other than (i)&nbsp;as a result
                                            of a reclassification of Series&nbsp;A Junior Securities for or into other Series&nbsp;A
                                            Junior Securities, (ii)&nbsp;the exchange or conversion of one share of Series&nbsp;A Junior
                                            Securities for or into another share of Series&nbsp;A Junior Securities, (iii)&nbsp;through
                                            the use of the proceeds of a substantially contemporaneous sale of other shares of Series&nbsp;A
                                            Junior Securities, (iv)&nbsp;purchases, redemptions, or other acquisitions of shares of Series&nbsp;A
                                            Junior Securities in connection with any employment contract, benefit plan, or other similar
                                            arrangement with or for the benefit of employees, officers, directors, or consultants, (v)&nbsp;purchases
                                            of shares of Series&nbsp;A Junior Securities pursuant to a contractually binding requirement
                                            to buy Series&nbsp;A Junior Securities existing prior to the preceding Dividend Period, including
                                            under a contractually binding stock repurchase plan, or (vi)&nbsp;the purchase of fractional
                                            interests in shares of Series&nbsp;A Junior Securities pursuant to the conversion or exchange
                                            provisions of such stock or the security being converted or exchanged; nor will any monies
                                            be paid to or made available for a sinking fund for the redemption of any such securities
                                            by the Company; and </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> no
                                            shares of Series&nbsp;A Parity Securities will be repurchased, redeemed, or otherwise acquired
                                            for consideration by the Company, directly or indirectly, other than (i)&nbsp;pursuant to
                                            pro rata offers to purchase all, or a pro rata portion, of the Series&nbsp;A Preferred Stock
                                            and such Series&nbsp;A Parity Securities, if any, (ii)&nbsp;as a result of a reclassification
                                            of Series&nbsp;A Parity Securities for or into other Series&nbsp;A Parity Securities, (iii)&nbsp;the
                                            exchange or conversion of one share of Series&nbsp;A Parity Securities for or into another
                                            share of Series&nbsp;A Parity Securities or Series&nbsp;A Junior Securities, (iv)&nbsp;through
                                            the use of the proceeds of a substantially contemporaneous sale of other shares of Series&nbsp;A
                                            Parity Securities, (v)&nbsp;purchases of shares of Series&nbsp;A Parity Securities pursuant
                                            to a contractually binding requirement to buy Series&nbsp;A Parity Securities existing prior
                                            to the preceding Dividend Period, including under a contractually binding stock repurchase
                                            plan, or </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> the
                                            purchase of fractional interests in shares of Series&nbsp;A Parity Securities pursuant to
                                            the conversion or exchange provisions of such stock or the security being converted or exchanged;
                                            nor will any monies be paid to or made available for a sinking fund for the redemption of
                                            any such securities by the Company; </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> unless, in each case, the full dividends for the most recently
completed Dividend Period on all outstanding shares of Series&nbsp;A Preferred Stock have been declared and paid or declared and a sum
sufficient for the payment thereof has been set aside. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Notwithstanding the foregoing, if dividends
are not paid in full, or set aside for payment in full, on any dividend payment date, upon the shares of Series&nbsp;A Preferred Stock
and any Series&nbsp;A Parity Securities, all dividends declared upon shares of Series&nbsp;A Preferred Stock and any Series&nbsp;A Parity
Securities for such dividend payment date will be declared on a pro rata basis in proportion to the respective amounts of undeclared
and unpaid dividends for the Series&nbsp;A Preferred Stock and all Series&nbsp;A Parity Securities on such dividend payment date. To
the extent a dividend period with respect to any Series&nbsp;A Parity Securities coincides with more than one Dividend Period, for purposes
of the immediately preceding sentence the board will treat such dividend period as two or more consecutive dividend periods, none of
which coincides with more than one Dividend Period, or will treat such dividend period(s)&nbsp;with respect to any Series&nbsp;A Parity
Securities and Dividend Period(s)&nbsp;for purposes of the immediately preceding sentence in any other manner that it deems to be fair
and equitable in order to achieve ratable payments of dividends on such Series&nbsp;A Parity Securities and the Series&nbsp;A Preferred
Stock. To the extent a Dividend Period coincides with more than one dividend period with respect to any Series&nbsp;A Parity Securities,
for purposes of the first sentence of this paragraph the board will treat such Dividend Period as two or more consecutive Dividend Periods,
none of which coincides with more than one dividend period with respect to such Series&nbsp;A Parity Securities, or will treat such Dividend
Period(s)&nbsp;and dividend period(s)&nbsp;with respect to any Series&nbsp;A Parity Securities for purposes of the first sentence of
this paragraph in any other manner that it deems to be fair and equitable in order to achieve ratable payments of dividends on the Series&nbsp;A
Preferred Stock and such Series&nbsp;A Parity Securities. For the purposes of this paragraph, the term &ldquo;dividend period&rdquo;
as used with respect to any Series&nbsp;A Parity Securities means such dividend periods as are provided for in the terms of such Series&nbsp;A
Parity Securities. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Subject to the foregoing, dividends (payable
in cash, stock, or otherwise), as may be determined by the board or a duly authorized committee of the board, may be declared and paid
on the Common Stock and any other class or series of capital stock ranking equally with or junior to Series&nbsp;A Preferred Stock from
time to time out of any assets legally available for such payment, and the holders of Series&nbsp;A Preferred Stock will not be entitled
to participate in any such dividend. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Liquidation</I></B></FONT>.
Upon any voluntary or involuntary liquidation, dissolution, or&nbsp;winding-up&nbsp;of the Company, holders of Series&nbsp;A Preferred
Stock are entitled to receive out of the assets of the Company available for distribution to stockholders, after satisfaction of liabilities
and obligations to creditors, if any, and subject to the rights of holders of any securities then outstanding ranking senior to or on
parity with Series&nbsp;A Preferred Stock with respect to distributions of assets, before any distribution or payment out of the assets
of the Company is made to holders of Common Stock or any Series&nbsp;A Junior Securities, a liquidating distribution in the amount of
the liquidation preference of $1,000 per share plus any declared and unpaid dividends prior to the payment of the liquidating distribution,
without accumulation of any dividends that have not been declared prior to the payment of the liquidating distribution. After payment
of the full amount of such liquidating distribution, the holders of Series&nbsp;A Preferred Stock will not be entitled to any further
participation in any distribution of assets of the Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> In any such liquidating distribution, if the
assets of the Company are not sufficient to pay the liquidation preferences (as defined below) in full to all holders of Series&nbsp;A
Preferred Stock and all holders of any Series&nbsp;A Parity Securities, the amounts paid to the holders of Series&nbsp;A Preferred Stock
and to the holders of all Series&nbsp;A Parity Securities will be paid pro rata in accordance with the respective aggregate liquidation
preferences of those holders. In any such distribution, the &ldquo;liquidation preference&rdquo; of any holder of Series&nbsp;A Preferred
Stock or any Series&nbsp;A Parity Securities means the amount otherwise payable to such holder in such distribution (assuming no limitation
on the Company&rsquo;s assets available for such distribution), including any declared but unpaid dividends (and, in the case of any
holder of stock other than the Series&nbsp;A Preferred Stock on which dividends accrue on a cumulative basis, an amount equal to any
unpaid, accrued, cumulative dividends, whether or not declared, as applicable). If the liquidation preference has been paid in full to
all holders of Series&nbsp;A Preferred Stock and any Series&nbsp;A Parity Securities, the holders of the Company&rsquo;s Series&nbsp;A
Junior Securities will be entitled to receive all remaining assets of the Company according to their respective rights and preferences. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> For purposes of this section, neither the sale,
conveyance, exchange, or transfer of all or substantially all of the assets or business of the Company for cash, securities, or other
property, nor the merger or consolidation of the Company with any other entity, including a merger or consolidation in which the holders
of Series&nbsp;A Preferred Stock receive cash, securities, or property for their shares, will constitute a liquidation, dissolution,
or&nbsp;winding-up&nbsp;of the Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Redemption</I></B></FONT>.
Series&nbsp;A Preferred Stock is not subject to any mandatory redemption, sinking fund, or other similar provision. Series&nbsp;A Preferred
Stock is not redeemable prior to March&nbsp;15, 2027. Shares of Series&nbsp;A Preferred Stock then outstanding will be redeemable at
the option of the Company, in whole or in part, from time to time, on March&nbsp;15, 2027, or on any Dividend Payment Date on or after
March&nbsp;15, 2027, at a redemption price equal to $1,000 per share, plus any declared and unpaid dividends, without accumulation of
any undeclared dividends, to, but excluding, the date of redemption. Holders of Series&nbsp;A Preferred Stock will have no right to require
the redemption or repurchase of Series&nbsp;A Preferred Stock. Notwithstanding the foregoing, within 90 days following the occurrence
of a Regulatory Capital Treatment Event (as defined below), the Company, at its option, may redeem, at any time, all (but not less than
all) of the shares of the Series&nbsp;A Preferred Stock at the time outstanding, at a redemption price equal to $1,000 per share, plus
any declared and unpaid dividends, without accumulation of any undeclared dividends, upon notice given as provided in&nbsp;sub-section&nbsp;(b)&nbsp;below.
Any declared but unpaid dividends payable on a redemption date that occurs subsequent to the record date for a Dividend Period will not
be paid to the holder entitled to receive the redemption price on the redemption date, but rather will be paid to the holder of record
of the redeemed shares on such record date relating to the Dividend Payment Date as described above. In all cases, the Company may not
redeem shares of the Series&nbsp;A Preferred Stock without having received the prior approval of the Federal Reserve or any successor
Appropriate Federal Banking Agency if then required under capital rules&nbsp;applicable to the Company. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> A &ldquo;Regulatory Capital Treatment Event&rdquo;
means the good faith determination by the board of directors of the Company or a duly authorized committee of the board that, as a result
of (i)&nbsp;any amendment to, or change in, the laws, rules, or regulations of the United States or any political subdivision of or in
the United States (including, for the avoidance of doubt, any agency or instrumentality of the United States, including the Federal Reserve
and other federal banking agencies) that is enacted or becomes effective after the initial issuance of any share of the Series&nbsp;A
Preferred Stock; (ii)&nbsp;any proposed change in those laws, rules, or regulations that is announced after the initial issuance of any
share of the Series&nbsp;A Preferred Stock; or (iii)&nbsp;any official administrative decision or judicial decision or administrative
action or other official pronouncement interpreting or applying those laws, rules, or regulations or policies with respect thereto that
is announced after the initial issuance of any share of the Series&nbsp;A Preferred Stock, there is more than an insubstantial risk that
the Company will not be entitled to treat the full liquidation value of $1,000 per share of the Series&nbsp;A Preferred Stock then outstanding
as &ldquo;Tier 1 Capital&rdquo; (or its equivalent) for purposes of the capital adequacy rules&nbsp;of the Federal Reserve (or, as and
if applicable, the capital adequacy rules&nbsp;or regulations of any successor Appropriate Federal Banking Agency), as then in effect
and applicable, for as long as any share of the Series&nbsp;A Preferred Stock is outstanding. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> If shares of Series&nbsp;A Preferred Stock
are to be redeemed, the notice of redemption will be given to the holders of record of Series&nbsp;A Preferred Stock to be redeemed by
first class mail, postage prepaid, addressed to the holders of record of such shares to be redeemed at their respective last addresses
appearing on the Company&rsquo;s stock register not less than 30 days nor more than 60 days prior to the date fixed for redemption thereof
(provided that, if the shares of Series&nbsp;A Preferred Stock are held in book-entry form through The Depository Trust Company (&ldquo;DTC&rdquo;),
the Company may give such notice in any manner permitted by DTC). Each notice of redemption will include a statement setting forth (i)&nbsp;the
redemption date; (ii)&nbsp;the number of shares of Series&nbsp;A Preferred Stock to be redeemed and, if less than all the shares held
by such holder are to be redeemed, the number of such shares to be redeemed from such holder; (iii)&nbsp;the redemption price; and (iv)&nbsp;that
dividends on the shares to be redeemed will cease to accrue on the redemption date. If notice of redemption of any shares of Series&nbsp;A
Preferred Stock has been duly given and if the funds necessary for such redemption have been set aside by the Company for the benefit
of the holders of any shares of Series&nbsp;A Preferred Stock so called for redemption, then, on and after the redemption date, dividends
will cease to accrue on such shares of Series&nbsp;A Preferred Stock; such shares of Series&nbsp;A Preferred Stock will no longer be
deemed outstanding; and all rights of the holders of such shares will terminate, except the right to receive the redemption price described
above, without interest. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> In case of any redemption of only part of the
shares of Series&nbsp;A Preferred Stock at the time outstanding, the shares to be redeemed will be selected (1)&nbsp;pro rata, (2)&nbsp;by
lot, or (3)&nbsp;in such other manner as the Company may determine to be equitable and permitted by DTC and the rules&nbsp;of any national
securities exchange on which the Series&nbsp;A Preferred Stock is listed. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Voting
Rights</I></B></FONT>. Except as provided below and as determined by the Company&rsquo;s board or a duly authorized committee of the
board or as expressly required by law, the holders of shares of Series&nbsp;A Preferred Stock will have no voting power, and no right
to vote on any matter at any time, either as a separate series or class or together with any other series or class of shares of capital
stock, and will not be entitled to call a meeting of such holders for any purpose, nor will they be entitled to participate in any meeting
of the holders of the Common Stock. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> So long as any shares of Series&nbsp;A Preferred
Stock remain outstanding, the affirmative vote or consent of the holders of at least&nbsp;two-thirds&nbsp;of all of the shares of Series&nbsp;A
Preferred Stock at the time outstanding, voting separately as a class, will be required to: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> authorize,
                                            create, or issue, or increase the authorized amount of, shares of any class or series of
                                            capital stock ranking senior to the Series&nbsp;A Preferred Stock with respect to payment
                                            of dividends or the distribution of assets upon liquidation, dissolution, or winding up of
                                            the Company, or issue any obligation or security convertible into or exchangeable for, or
                                            evidencing the right to purchase, any such class or series of the Company&rsquo;s capital
                                            stock; </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> amend,
                                            alter, or repeal the provisions of the Articles of Incorporation, whether by merger, consolidation,
                                            or otherwise, so as to materially and adversely affect the powers, preferences, privileges,
                                            or rights of Series&nbsp;A Preferred Stock, taken as a whole; provided, however, that any
                                            amendment to authorize, create, or issue, or increase the authorized amount of, any Series&nbsp;A
                                            Junior Securities or any Series&nbsp;A Parity Securities, or any securities convertible into
                                            or exchangeable for Series&nbsp;A Junior Securities or Series&nbsp;A Parity Securities will
                                            not be deemed to materially and adversely affect the powers, preferences, privileges, or
                                            rights of Series&nbsp;A Preferred Stock; or </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> complete
                                            a binding share exchange or reclassification involving the Series&nbsp;A Preferred Stock,
                                            or complete the sale, conveyance, exchange, or transfer of all or substantially all of the
                                            assets or business of the Company or consolidate with or merge into any other corporation,
                                            unless, in any case, the shares of Series&nbsp;A Preferred Stock outstanding at the time
                                            of such consolidation or merger or sale either (i)&nbsp;remain outstanding or (ii)&nbsp;are
                                            converted into or exchanged for preference securities of the surviving entity or any entity
                                            controlling the surviving entity having such rights, preferences, privileges, and powers
                                            (including voting powers), taken as a whole, as are not materially less favorable to the
                                            holders thereof than the rights, preferences, privileges, and powers (including voting powers)
                                            of the Series&nbsp;A Preferred Stock, taken as a whole. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> The foregoing voting provisions will not apply
if, at or prior to the time when the act with respect to which such vote would otherwise be required will be effected, all outstanding
shares of Series&nbsp;A Preferred Stock will have been redeemed or called for redemption upon proper notice and sufficient funds will
have been set aside by the Company for the benefit of the holders of Series&nbsp;A Preferred Stock to effect such redemption. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> The rules&nbsp;and procedures for calling and
conducting any meeting of the holders of Series&nbsp;A Preferred Stock (including, without limitation, the fixing of a record date in
connection therewith), the solicitation and use of proxies at such a meeting, the obtaining of written consents, and any other aspect
or matter with regard to such meeting or such consents will be governed by any rules&nbsp;that the board or any duly authorized committee
of the board, in its discretion, may adopt from time to time, which rules&nbsp;and procedures will conform to the requirements of the
Articles of Incorporation (as then in effect), the Bylaws (as then in effect), and applicable law and the rules&nbsp;of any national
securities exchange on which the Series&nbsp;A Preferred Stock is listed or traded at the time. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_006"></A><B>DESCRIPTION OF DEBT SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The debt securities that we may offer using this
prospectus consist of notes, debentures or other evidences of indebtedness. Any debt securities that we offer and sell will be our direct
obligations. Debt securities may be issued in one or more series. All debt securities of any one series need not be issued at the same
time, and unless otherwise provided, a series of debt securities may be reopened, without the consent of the holders of outstanding debt
securities, for issuance of additional debt securities of that series or to establish additional terms of that series of debt securities
(with such additional terms applicable only to unissued or additional debt securities of that series). As required by the Trust Indenture
Act of 1939, as amended, which we refer to as the Trust Indenture Act, for all debt securities that are publicly offered, our debt securities
will be governed by a document called an indenture. The form of indenture is subject to any amendments or supplements that we may enter
into with the trustee(s)&nbsp;setting forth the specific terms and conditions of the debt securities being issued. The form of indenture
is filed as an exhibit to the registration statement of which this prospectus forms a part. The material terms of the form of indenture
are summarized below and we refer you to the form of indenture for a detailed description of these material terms. Additional or different
provisions that are applicable to a particular series of debt securities will, if material, be described in a prospectus supplement relating
to the offering of debt securities of that series. These provisions may include, among other things and to the extent applicable, the
following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the
                                            title of the debt securities, including, as applicable, whether the debt securities will
                                            be issued as senior debt securities, senior subordinated debt securities or subordinated
                                            debt securities, and any subordination provisions particular to the series of debt securities,
                                            if different from those described below under &ldquo;&mdash;Subordinated Debt Securities&rdquo;;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any limit on the aggregate principal amount of the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if other than 100% of the aggregate principal amount, the percentage of the aggregate principal amount at which we will sell the debt
securities (i.e., original issuance discount);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the date or dates, whether fixed or extendable, on which the principal of the debt securities will be payable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the rate or rates, which may be fixed or variable, at which the debt securities will bear interest, if any, the date or dates from
which any such interest will accrue, the interest payment dates on which we will pay any such interest, the basis upon which interest
will be calculated if other than that of a 360-day year consisting of twelve 30-day months, and, in the case of registered securities,
the record dates for the determination of holders to whom interest is payable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any provisions relating to the issuance of the debt securities of the series at an original issue discount;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the place or places where the principal of, and any premium or interest on, the debt securities will be payable and, if applicable,
where the debt securities may be surrendered for conversion or exchange;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether we may, at our option, redeem, repurchase or repay the debt securities, and if so, the price or prices at which, the period
or periods within which, and the terms and conditions upon which, we may redeem, repurchase or repay the debt securities, in whole or
in part, pursuant to any sinking fund or otherwise;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if other than 100% of the aggregate principal amount thereof, the portion of the principal amount of the debt securities which will
be payable upon declaration of acceleration of the maturity date thereof or provable in bankruptcy, or, if applicable, which is convertible
or exchangeable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any obligation we may have to redeem, purchase or repay the debt securities pursuant to any sinking fund or analogous provisions or
at the option of a holder of debt securities, and the price or prices at which, the currency in which and the period or periods within
which, and the other terms and conditions upon which, the debt securities will be redeemed, purchased or repaid, in whole or in part,
pursuant to any such obligation, and any provision for the remarketing of the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities will be registered securities or unregistered securities or both, and the rights of the holders of the
debt securities to exchange unregistered securities for registered securities, or vice-versa, and the circumstances under which any such
exchanges, if permitted, may be made;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the denominations, which may be in U.S. dollars or in any foreign currency, in which the debt securities will be issued, if other
than denominations of $1,000 and any integral multiple thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities will be issued in the form of certificated debt securities, and if so, the form of the debt securities
(or forms thereof if unregistered and registered securities are issuable in that series), including the legends required by law or as
we deem necessary or appropriate, the form of any coupons or temporary global security which may be issued and the forms of any other
certificates which may be required under the indenture or which we may require in connection with the offering, sale, delivery or exchange
of the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if other than U.S. dollars, the currency or currencies in which payments of principal, interest and other amounts payable with respect
to the debt securities will be denominated, payable, redeemable or repurchasable, as the case may be;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities may be issuable in tranches;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the obligations, if any, we may have to permit the conversion or exchange of the debt securities into common stock, preferred stock
or other capital stock or property, or a combination thereof, and the terms and conditions upon which such conversion or exchange will
be effected (including the conversion price or exchange ratio), and any limitations on the ownership or transferability of the securities
or property into which the debt securities may be converted or exchanged;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with respect to the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if the debt securities do not bear interest, the applicable dates required under the indenture for furnishing information to the trustee
regarding the holders of the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any deletions from, modifications of or additions to (i)&nbsp;the events of default with respect to the debt securities or (ii)&nbsp;the
rights of the trustee or the holders of the debt securities in connection with events of default;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any deletions from, modifications of or additions to the covenants with respect to the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if the amount of payments of principal of, and make-whole amount, if any, and interest on the debt securities may be determined with
reference to an index, the manner in which such amount will be determined;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities will be issued in whole or in part in the global form of one or more debt securities and, if so, the depositary
for such debt securities, the circumstances under which any such debt security may be exchanged for debt securities registered in the
name of, and under which any transfer of debt securities may be registered in the name of, any person other than such depositary or its
nominee, and any other provisions regarding such debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether, under what circumstances and the currency in which, we will pay additional amounts on the debt securities to any holder of
the debt securities who is not a U.S. person in respect of any tax, assessment or governmental charge and, if so, whether we will have
the option to redeem such debt securities rather than pay such additional amounts (and the terms of any such option);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities, in whole or specified parts, will be defeasible, and, if the securities may be defeased, in whole or
in specified part, any provisions to permit a pledge of obligations other than certain government obligations to satisfy the requirements
of the indenture regarding defeasance of securities and, if other than by resolution of our board of directors, the manner in which any
election to defease the debt securities will be evidenced;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the debt securities will be secured by any property, assets or other collateral and, if so, a general description of the collateral
and the terms of any related security, pledge or other agreements;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the persons to whom any interest on the debt securities will be payable, if other than the registered holders thereof on the regular
record date therefor;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the dates on which interest, if any, will be payable and the regular record dates for interest payment dates;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any restrictions, conditions or requirements for transfer of the debt securities; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any other material terms or conditions upon which the debt securities will be issued.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise indicated in the applicable prospectus
supplement, we will issue debt securities in fully registered form without coupons and in denominations of $1,000 and in integral multiples
of $1,000, and interest will be computed on the basis of a 360-day year of twelve 30-day months. If any interest payment date or the maturity
date falls on a day that is not a business day, then the payment will be made on the next business day without additional interest and
with the same effect as if it were made on the originally scheduled date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise indicated in the applicable prospectus
supplement, the trustee will act as paying agent and registrar for the debt securities under the indenture. We may also act as paying
agent under the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The applicable prospectus supplement will contain
a description of U.S. federal income tax consequences relating to the debt securities, to the extent applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Covenants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The applicable prospectus supplement will describe
any covenants, such as restrictive covenants restricting us or any of our subsidiaries from incurring, issuing, assuming or guarantying
any indebtedness or restricting us or any of our subsidiaries from paying dividends or acquiring any of our or its capital stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Consolidation, Merger and Transfer of Assets</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we indicate otherwise in the applicable
prospectus supplement, the indenture will permit a consolidation or merger between us and another entity and/or the sale, conveyance or
lease by us of all or substantially all of our property and assets; provided, however, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we are the surviving or continuing entity, or the resulting or acquiring entity, if other than us, is organized and existing under
the laws of a U.S. jurisdiction and assumes, pursuant to a supplemental indenture, all of our responsibilities and liabilities under the
indenture, including the payment of all amounts due on the debt securities and performance of the covenants in the indenture;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>immediately after the transaction, and giving effect to the transaction, no event of default under the indenture exists; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we have delivered to the trustee an officers&rsquo; certificate stating that the transaction and, if a supplemental indenture is required
in connection with the transaction, the supplemental indenture, comply with the indenture and that all conditions precedent to the transaction
contained in the indenture have been satisfied.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If we consolidate or merge with or into any other
entity, or sell or lease all or substantially all of our assets in compliance with the terms and conditions of the indenture, the resulting
or acquiring entity will be substituted for us in the indenture and the debt securities with the same effect as if it had been an original
party to the indenture and the debt securities. As a result, such successor entity may exercise our rights and powers under the indenture
and the debt securities, in our name, and, except in the case of a lease, we will be released from all our liabilities and obligations
under the indenture and under the debt securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding the foregoing, we may transfer
all of our property and assets to another entity if, immediately after giving effect to the transfer, such entity is our wholly owned
subsidiary. The term &ldquo;wholly owned subsidiary&rdquo; means any subsidiary in which we and/or our other wholly owned subsidiaries
own all of the outstanding capital stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Modification and Waiver</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we indicate otherwise in the applicable
prospectus supplement, under the indenture, some of our rights and obligations and some of the rights of the holders of the debt securities
may be modified or amended with the consent of the holders of not less than a majority in aggregate principal amount of the outstanding
debt securities affected by the modification or amendment. However, the following modifications and amendments will not be effective against
any holder without its consent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a change in the stated maturity date of any payment of principal or interest;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a reduction in the principal amount of, or interest on, any debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>an alteration or impairment of any right to convert at the rate or upon the terms provided in the indenture;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a change in the currency in which any payment on the debt securities is payable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>an impairment of a holder&rsquo;s right to sue us for the enforcement of payments due on the debt securities; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a reduction in the percentage of outstanding debt securities required to consent to a modification or amendment of the indenture or
required to consent to a waiver of compliance with certain provisions of the indenture or certain defaults under the indenture.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the indenture, the holders of not less than
a majority in aggregate principal amount of the outstanding debt securities may, on behalf of all holders of the debt securities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>waive compliance by us with certain restrictive provisions of the indenture; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>waive any past default under the indenture in accordance with the applicable provisions of the indenture, except a default in the
payment of the principal of, or interest on, any series of debt securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Events of Default</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we indicate otherwise in the applicable
prospectus supplement, &ldquo;event of default&rdquo; under the indenture will mean, with respect to any series of debt securities, any
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>default in the payment of any interest upon any security of such series as and when it becomes due and payable, and continuance of
such default for a period of 30 days;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>default in the payment of the principal of the securities of such series as and when it becomes due and payable either at maturity,
upon redemption (for any sinking fund payment or otherwise), by declaration or otherwise;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>our failure to observe or perform any of our other covenants or agreements in the securities of such series, or in the Indenture and
relating to such series, for a period of 90 days after the date on which written notice specifying such failure and requiring us to remedy
the failure and stating that such notice is a &ldquo;Notice of Default&rdquo; shall have been given to us in accordance with the indenture
by the trustee for the securities of such series, or to us and the trustee by the holders of not less than 25% in aggregate principal
amount at maturity of the securities of such series then outstanding;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>if we make an assignment for the benefit of creditors, or file a petition in bankruptcy; or we are adjudicated insolvent or bankrupt,
or petition or apply to any court having jurisdiction for the appointment of a receiver, trustee, liquidator or sequestrator of, or for,
us or any substantial portion of our property; or we commence any proceeding relating to us or any substantial portion of our property
under any insolvency, reorganization, arrangement or readjustment of debt, dissolution, winding-up, adjustment, composition or liquidation
law or statute of any jurisdiction, whether now or hereafter in effect, which we refer to as a &ldquo;proceeding&rdquo;; or if there is
commenced against us any proceeding and an order approving the petition is entered, or such proceeding remains undischarged or unstayed
for a period of 90 days; or a receiver, trustee, liquidator or sequestrator of, or for, us or any substantial portion of our property
is appointed and is not discharged within a period of 90 days; or we by any act indicate consent to or approval of or acquiescence in
any proceeding or the appointment of a receiver, trustee, liquidator or sequestrator of, or for, us or any substantial portion of our
property; provided that a resolution or order for our winding-up with a view to our consolidation, amalgamation or merger with another
entity or the transfer of our assets as a whole, or substantially as a whole, to such other entity as permitted by the indenture does
not make these rights and remedies enforceable if such entity, as a part of such consolidation, amalgamation, merger or transfer, and
within 90 days from the passing of the resolution or the date of the order, complies with the conditions described under &ldquo;Consolidation,
Merger and Transfer of Assets;&rdquo; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any other event of default provided in the supplemental indenture or board resolution under which such series of securities is issued
or in the form of security for such series.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we indicate otherwise in the applicable
prospectus supplement, if an event of default occurs and continues, the trustee or the holders of not less than 25% in aggregate principal
amount of the outstanding debt securities of such series may declare the entire principal of all the debt securities to be due and payable
immediately, except that, if the event of default described in the fourth bullet point above occurs, the entire principal of all of the
debt securities of such series will become due and payable immediately without any act on the part of the trustee or holders of the debt
securities. If such a declaration occurs, the holders of a majority of the aggregate principal amount of the outstanding debt securities
of such series can, subject to conditions, rescind the declaration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The form of indenture requires us to furnish to
the trustee, not less often than annually, a certificate from our principal executive officer, principal financial officer or principal
accounting officer, as the case may be, as to such officer&rsquo;s knowledge of our compliance with all conditions and covenants under
the indenture. The trustee may withhold notice to the holders of debt securities of any default, except defaults in the payment of principal
of, or interest on, any debt securities if the trustee in good faith determines that the withholding of notice is in the interests of
the holders. For purposes of this paragraph, &ldquo;default&rdquo; means any event which is, or after notice or lapse of time or both
would become, an event of default under the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The trustee is not obligated to exercise any of
its rights or powers under the indenture at the request, order or direction of any holders of debt securities, unless the holders offer
the trustee satisfactory security or indemnity. If satisfactory security or indemnity is provided, then, subject to other rights of the
trustee, the holders of a majority in aggregate principal amount of the outstanding debt securities may direct the time, method and place
of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>conducting any proceeding for any remedy available to the trustee; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>exercising any trust or power conferred upon the trustee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The holder of a debt security will have the right
to begin any proceeding with respect to the indenture or for any remedy only if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the holder has previously given the trustee written notice of a continuing event of default;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the holders of not less than a majority in aggregate principal amount of the outstanding debt securities have made a written request
of, and offered the required security or indemnity to, the trustee to begin such proceeding;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the trustee has not started such proceeding within 60 days after receiving the request and offer of security or indemnity; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>no direction inconsistent with such written request has been given to the trustee under the indenture.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">However, the holder of any debt security will have
an absolute right to receive payment of principal of, and interest on, the debt security when due and to institute suit to enforce payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Satisfaction and Discharge; Defeasance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Satisfaction
and Discharge of Indenture.</I></FONT> Unless we indicate otherwise in the applicable prospectus supplement, if at any time,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we have paid the principal of and interest on all the debt securities of any series, except for debt securities which have been destroyed,
lost or stolen and which have been replaced or paid in accordance with the indenture, as and when the same has become due and payable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we have delivered to the trustee for cancellation all debt securities of any series theretofore authenticated, except for debt securities
of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in the indenture; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>all the debt securities of such series not theretofore delivered to the trustee for cancellation have become due and payable, or are
by their terms are to become due and payable within one year or are to be called for redemption within one year, and we have deposited
irrevocably with the trustee, in trust, sufficient money or government obligations, or a combination thereof, to pay the principal, any
interest and any other sums due on the debt securities, on the dates the payments are due or become due under the indenture and the terms
of the debt securities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">then the indenture shall cease to be of further effect with respect
to the debt securities of such series, except for (i)&nbsp;rights of registration of transfer and exchange, and our right of optional
redemption, (ii)&nbsp;substitution of mutilated, defaced, destroyed, lost or stolen debt securities, (iii)&nbsp;rights of holders to receive
payments of principal thereof and interest thereon upon the original stated due dates therefor (but not upon acceleration) and remaining
rights of the holders to receive mandatory sinking fund payments, if any, (iv)&nbsp;the rights, powers, trusts, duties and immunities
of the trustee under the indenture and our obligations in connection therewith, and (v)&nbsp;the rights of the holders of such series
of debt securities as beneficiaries thereof with respect to the property so deposited with the trustee payable to all or any of them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Defeasance
and Covenant Defeasance.</I></FONT> Unless we indicate otherwise in the applicable prospectus supplement, we may elect with respect to
any debt securities of any series:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>to defease and be discharged from all of our obligations with respect to such debt securities, with certain exceptions described below,
which we refer to herein as defeasance; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>to be released from our obligations with respect to such debt securities under such covenants as may be specified in the applicable
prospectus supplement, and any omission to comply with those obligations will not constitute a default or an event of default with respect
to such debt securities, which we refer to herein as covenant defeasance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We must comply with the following conditions before
the defeasance or covenant defeasance can be effected:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we must irrevocably deposit with the indenture trustee or other qualifying trustee, trust funds in trust solely for the benefit of
the holders of such debt securities, sufficient money or government obligations, or a combination thereof, to pay the principal, any interest
and any other sums on the due dates for those payments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we must deliver to the trustee an opinion of counsel to the effect that the holders of such debt securities will not recognize income,
gain or loss for federal income tax purposes as a result of such defeasance or covenant defeasance, as the case may be, to be effected
with respect to such debt securities and will be subject to federal income tax on the same amount, in the same manner and at the same
times as would be the case if such defeasance or covenant defeasance, as the case may be, had not occurred; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>we must deliver to the trustee an officers&rsquo; certificate and opinion of counsel stating that all conditions precedent relating
to such defeasance or covenant defeasance, as the case may be, have been complied with.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with defeasance, any irrevocable
trust agreement contemplated by the indenture must include, among other things, provision for (i)&nbsp;payment of the principal of and
interest on such debt securities, if any, appertaining thereto when due (by redemption, sinking fund payments or otherwise), (ii)&nbsp;the
payment of the expenses of the trustee incurred or to be incurred in connection with carrying out such trust provisions, (iii)&nbsp;rights
of registration, transfer, substitution and exchange of such debt securities in accordance with the terms stated in the indenture, and
(iv)&nbsp;the rights, powers, trusts, duties and immunities of the trustee under the indenture and our obligations in connection therewith
as stated in the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The accompanying prospectus supplement may further
describe any provisions permitting or restricting defeasance or covenant defeasance with respect to the debt securities of a particular
series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Subordination of the Subordinated Debt Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we indicate otherwise in the applicable
prospectus supplement, the indenture provides that the subordinated debt securities will be unsecured and will rank equally with any of
our future unsecured subordinated indebtedness, and will be subordinated in right of payment to all existing and future senior indebtedness
of the Company. The subordinated debt securities will be structurally subordinated to all existing and future indebtedness, liabilities
and other obligations of our subsidiaries (including, in the case of the Bank, deposits) which means that creditors (including, in the
case of the Bank, its depositors) and any preferred equity holders of our subsidiaries generally will be paid from those subsidiaries&rsquo;
assets before holders of the subordinated debt securities would have any claims to those assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Senior indebtedness&rdquo; means the principal
of, and premium, if any, and interest on (i)&nbsp;all &ldquo;indebtedness for money borrowed&rdquo; of the Company whether outstanding
on the date of execution of the Subordinated Indenture or thereafter created, assumed or incurred, except for indebtedness that expressly
states that it is subordinate in right of payment to indebtedness for borrowed money of the Company and (ii)&nbsp;any deferrals, renewals
or extensions of any such indebtedness for money borrowed. &ldquo;Senior indebtedness&rdquo; excludes, among other things, trade creditor
indebtedness arising in the ordinary course of business and any indebtedness between or among the Company and its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The term &ldquo;indebtedness for money borrowed&rdquo;
means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any obligation of, or any obligation guaranteed by, the Company for the repayment of money borrowed, whether or not evidenced by bonds,
debentures, notes or other written instruments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any off-balance sheet guarantee obligation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any obligation under a direct credit substitute, including any letters of credit, bankers&rsquo; acceptance, security purchases facility
or similar agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any capitalized lease obligation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any deferred obligation for payment of the purchase price of any property or assets;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>all obligations of the type referred to above of other persons for the payment of which the Company is responsible or liable as obligor,
guarantor or otherwise; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>all obligations of the type referred to above of other persons secured by any lien on any property or asset of the Company, whether
or not such obligation is assumed by the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The subordinated debt securities will also be subordinated
in right of payment to all &ldquo;other company obligations,&rdquo; which is defined to include obligations of the Company associated
with derivative products such as interest rate and currency exchange contracts, foreign exchange contracts, commodity contracts, or any
similar arrangements, unless the instrument by which the Company incurred, assumed or guaranteed the obligation expressly provides that
it is subordinate or junior in right of payment to any other indebtedness or obligations of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon the liquidation, dissolution, winding up,
or reorganization of the Company or the Bank, we must pay to the holders of all senior indebtedness of the Company the full amounts of
principal of, and premium, if any, and interest on, that senior indebtedness before any payment is made on the subordinated debt securities.
If, after we have made those payments on the senior indebtedness of the Company (i)&nbsp;there are amounts available for payment on the
subordinated debt securities (such amounts being defined in the indenture as &ldquo;excess proceeds&rdquo;) and (ii)&nbsp;at such time,
any creditors in respect of &ldquo;other company obligations&rdquo; have not received their full payments, then the Company shall first
use such excess proceeds to pay in full all &ldquo;other company obligations&rdquo; before the Company makes any payment on the subordinated
debt securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Because of the subordination provisions and the
obligation to pay excess proceeds described above, in the event of insolvency of the Company or the Bank, holders of the subordinated
debt securities may recover less ratably than holders of senior indebtedness of the Company, creditors with respect to &ldquo;other company
obligations&rdquo; and other creditors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In some circumstances relating to the Company&rsquo;s
or the Bank&rsquo;s liquidation, receivership, dissolution, winding-up, reorganization, insolvency or similar proceedings, the holders
of all senior indebtedness may be entitled to receive payment in full before the holders of the subordinated debt securities will be entitled
to receive any payment on the subordinated debt securities. In addition, we may make no payment on the subordinated debt securities prior
to payment in full of all senior indebtedness in the event that (i)&nbsp;any security of any series is declared due and payable prior
to its expressed maturity because of an event of default under the Subordinated Indenture or (ii)&nbsp;there is a default on any senior
indebtedness which permits the holders of the senior indebtedness to accelerate the maturity of the senior indebtedness if either (A)&nbsp;written
notice of such default is given to us and to the trustee, provided that judicial proceedings are commenced in respect of such default
within 180 days in the case of a default in payment of principal or interest and within 90 days in the case of any other default after
the giving of such notice and provided further that only one such notice shall be given in any twelve month period or (B)&nbsp;judicial
proceedings are pending in respect of such default. By reason of this subordination in favor of the holders of senior indebtedness, in
the event of a liquidation, receivership, dissolution, winding-up, reorganization, insolvency or similar proceeding, our creditors who
are not holders of senior indebtedness may recover less, proportionately, than holders of senior indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the subordinated debt securities may
be fully subordinated to interests held by the U.S. government in the event of a receivership, insolvency, liquidation, or similar proceeding
by the Company, including a proceeding under the orderly liquidation authority provisions of the Dodd-Frank Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Global Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise indicated in the applicable prospectus
supplement, each debt security offered by this prospectus will be issued in the form of one or more global debt securities representing
all or part of that series of debt securities. This means that we will not issue certificates for that series of debt securities to the
holders. Instead, a global debt security representing that series will be deposited with, or on behalf of, a securities depositary and
registered in the name of the depositary or a nominee of the depositary. Any such depositary must be a clearing agency registered under
the Exchange Act. We will describe the specific terms of the depositary arrangement with respect to a series of debt securities to be
represented by a global security in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Notices</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will give notices to holders of the debt securities
by mail at the addresses listed in the security register or, with respect to global securities, in accordance with the rules, policies
and procedures of the applicable securities depositary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Governing Law</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The indenture and the debt securities will be governed
by, and construed in accordance with, the laws of the State of New York, except to the extent the Trust Indenture Act is applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Regarding the Trustee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>General.</B></FONT>
From time to time, we may maintain deposit accounts and conduct other banking transactions with the trustee to be appointed under the
indenture or its affiliates in the ordinary course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Resignation
or Removal of Trustee.</B></FONT> If the trustee has or acquires a conflicting interest within the meaning of the Trust Indenture Act,
the trustee must either eliminate its conflicting interest or resign, to the extent and in the manner provided by, and subject to the
provisions of, the Trust Indenture Act and the indenture. Any resignation will require the appointment of a successor trustee under the
indenture in accordance with the terms and conditions of the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The trustee may resign or be removed by us with
respect to one or more series of debt securities and a successor trustee may be appointed to act with respect to any such series. The
holders of a majority in aggregate principal amount of the debt securities of any series may remove the trustee with respect to the debt
securities of such series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Annual
Trustee Report to Holders of Debt Securities.</B></FONT> The trustee will be required to submit certain reports to the holders of the
debt securities regarding, among other things, the trustee&rsquo;s eligibility to serve as such, the priority of the trustee&rsquo;s claims
regarding advances made by it, and any action taken by the trustee materially affecting the debt securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Certificates
and Opinions to Be Furnished to Trustee.</B></FONT> The indenture provides that, in addition to other certificates or opinions specifically
required by other provisions of the indenture, every application by us for action by the trustee must be accompanied by a certificate
from one or more of our officers and an opinion of counsel (who may be our counsel) stating that, in the opinion of the signers, all conditions
precedent to such action have been complied with by us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_007"></A><B>DESCRIPTION OF WARRANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following describes some of the general terms
and provisions of warrants we may issue. Warrants may be issued independently or together with any other securities offered by any prospectus
supplement and other offering materials, if any, and may be attached to or separate from those securities. Warrants may be issued under
warrant agreements to be entered into between us and a warrant agent or may be represented by individual warrant certificates, all as
specified in the applicable prospectus supplement and other offering materials, if any. The warrant agent, if any, for any series of warrants
will act solely as our agent and will not assume any obligation or relationship of agency or trust for or with any holders or beneficial
owners of warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The applicable prospectus supplement and any other
offering materials relating to any warrants we may issue will specify the terms of the warrants, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the title and aggregate number of the warrants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the price or prices at which the warrants will be issued;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the title, amount and terms of the securities purchasable upon exercise of the warrants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the title, amount and terms of the securities offered with the warrants and the number of warrants issued with each such security;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the date, if any, on and after which the warrants and the related securities will be separately transferable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the price at which the related securities may be purchased upon exercise of the warrants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the exercise period for the warrants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the minimum or maximum number of warrants which may be exercised at any one time;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any applicable anti-dilution, redemption or call provisions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any applicable book-entry provisions; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>any other terms of the warrants.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Before exercising their warrants, holders of warrants
will not have any of the rights of holders of the securities purchasable upon such exercise, including the right to receive dividends,
if any, or payments upon our liquidation, dissolution or winding-up, or to exercise voting rights, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_008"></A><B>DESCRIPTION OF SUBSCRIPTION RIGHTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This section describes the general terms of the
subscription rights to purchase common stock or other securities that we may offer to shareholders using this prospectus. The following
description is only a summary, does not purport to be complete and is subject to and qualified in its entirety by reference to the applicable
forms of subscription agent agreement and subscription certificate for a full understanding of all terms of any series of subscription
rights. The forms of the subscription agent agreement and the subscription certificate will be filed with the SEC as an exhibit to the
registration statement of which this prospectus is a part or as an exhibit to a filing incorporated by reference in the registration statement.
See &ldquo;Where You Can Find Additional Information&rdquo; for information on how to obtain copies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subscription rights may be issued independently
or together with any other security and may or may not be transferable. As part of any subscription rights offering, we may enter into
a standby underwriting or any other arrangement under which the underwriters or any other person would purchase any securities that are
not purchased in such subscription rights offering. If we issue subscription rights, they will be governed by a separate subscription
agent agreement that we will sign with a bank or trust company, as rights agent, that will be named in the applicable prospectus supplement.
The rights agent will act solely as our agent and will not assume any obligation to any holders of subscription rights certificates or
beneficial owners of subscription rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The prospectus supplement relating to any subscription
rights we offer will describe the specific terms of the offering and the subscription rights, including the record date for shareholders
entitled to the subscription rights distribution, the number of subscription rights issued and the number of shares of common stock that
may be purchased upon exercise of the subscription rights, the exercise price of the subscription rights, the date on which the subscription
rights will become effective and the date on which the subscription rights will expire, and applicable U.S. federal income tax considerations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In general, a subscription right entitles the holder
to purchase for cash a specific number of shares of common stock or other securities at a specified exercise price. The rights are normally
issued to shareholders as of a specific record date, may be exercised only for a limited period of time and become void following the
expiration of such period. If we determine to issue subscription rights, we will accompany this prospectus with the applicable prospectus
supplement that will describe, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the record date for shareholders entitled to receive the subscription rights;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the number of shares of common stock or other securities that may be purchased upon exercise of each subscription right;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the exercise price of the subscription rights;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the subscription rights are transferable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the period during which the subscription rights may be exercised and when they will expire;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the steps required to exercise the subscription rights;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether the subscription rights include &ldquo;oversubscription rights&rdquo; so that the holder may purchase more securities if other
holders do not purchase their full allotments; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>whether we intend to sell the shares of common stock or other securities that are not purchased in the subscription rights offering
to an underwriter or other purchaser under a contractual &ldquo;standby&rdquo; commitment or other arrangement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If fewer than all of the subscription rights issued
in any rights offering are exercised, we may offer any unsubscribed securities directly to persons other than shareholders, to or through
agents, underwriters or dealers or through a combination of such methods, including pursuant to standby arrangements, as described in
the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After the close of business on the expiration date,
all unexercised subscription rights will become void.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_009"></A><B>DESCRIPTION OF UNITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As specified in the applicable prospectus supplement,
we may issue units consisting of one or more debt securities, shares of common stock, shares of preferred stock or warrants or any combination
of such securities, including guarantees of any securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The applicable prospectus supplement and any other
offering materials relating to any units issued under the registration statement of which this prospectus is a part will specify the terms
of the units, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>the terms of the units and of any of the debt securities, common stock, preferred stock, warrants and guarantees comprising the units,
including whether and under what circumstances the securities comprising the units may be traded separately;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a description of the terms of any unit agreement governing the units; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a description of the provisions for the payment, settlement, transfer or exchange of the units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_010"></A><B>DESCRIPTION OF DEPOSITARY SHARES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This section outlines certain provisions of the
deposit agreement that will govern any depositary shares, the depositary shares themselves and the depositary receipts. This information
may not be complete in all respects and is subject to and qualified in its entirety by reference to the relevant deposit agreement and
depositary receipt with respect to the depositary shares relating to any particular series of preferred stock. A copy of the deposit agreement
and form of depositary receipt relating to any depositary shares we issue will be filed with the SEC as an exhibit to the registration
statement of which this prospectus is a part or as an exhibit to a filing incorporated by reference in the registration statement. The
specific terms of any depositary shares we may offer will be described in the applicable prospectus supplement. If so described in the
applicable prospectus supplement, the terms of that series of depositary shares may differ from the general description of terms presented
below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may offer fractional interests in shares of
our preferred stock, rather than full shares of preferred stock. If we do, we will provide for the issuance by a depositary to the public
of receipts for depositary shares, each of which will represent a fractional interest in a share of a particular series of preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The shares of any series of preferred stock underlying
the depositary shares will be deposited under a separate deposit agreement between us and a bank or trust company having its principal
office in the United States and having a combined capital and surplus of such amount as may be set forth in the applicable prospectus
supplement, which we refer to in this section as the depositary. We will name the depositary in the applicable prospectus supplement.
Subject to the terms of the deposit agreement, each owner of a depositary share will have a fractional interest in all the rights and
preferences of the preferred stock underlying the depositary share. Those rights include any dividend, voting, redemption, conversion
and liquidation rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The depositary shares will be evidenced by depositary
receipts issued under the deposit agreement. Purchasers of fractional interests in shares of the related series of preferred stock will
receive depositary receipts as described in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless we specify otherwise in the applicable prospectus
supplement, purchasers will not be entitled to receive the whole shares of preferred stock underlying the depositary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Dividends</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The depositary will distribute all cash dividends
or other cash distributions in respect of the preferred stock underlying the depositary shares to each record holder of depositary shares
based on the number of the depositary shares owned by that holder on the relevant record date. The depositary will distribute only that
amount which can be distributed without attributing to any holder of depositary shares a fraction of one cent, and any balance not so
distributed will be added to and treated as part of the next sum received by the depositary for distribution to record holders of depositary
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If there is a distribution other than in cash,
the depositary will distribute property to the entitled record holders of depositary shares, unless the depositary determines that it
is not feasible to make that distribution. In that case the depositary may, with our approval, adopt the method it deems equitable and
practicable for making that distribution, including any sale of property and distribution of the net proceeds from this sale to the concerned
holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The deposit agreement will also contain provisions
relating to how any subscription or similar rights offered by us to holders of the preferred stock will be made available to the holders
of depositary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Conversion or Exchange Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If any series of preferred stock underlying the
depositary shares is subject to conversion or exchange, the applicable prospectus supplement will describe the rights or obligations of
each record holder of depositary receipts to convert or exchange the depositary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Redemption</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the series of the preferred stock underlying
the depositary shares is subject to redemption, all or a part of the depositary shares will be redeemed from the redemption proceeds of
that series of the preferred stock held by the depositary. The redemption price per depositary share will bear the same relationship to
the redemption price per share of preferred stock that the depositary share bears to the underlying preferred stock. Whenever we redeem
preferred stock held by the depositary, the depositary will redeem, as of the same redemption date, the number of depositary shares representing
the preferred stock redeemed. If less than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be
selected by lot or pro rata as determined by the depositary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After the date fixed for redemption, the depositary
shares called for redemption will no longer be outstanding. When the depositary shares are no longer outstanding, all rights of the holders
will cease, except the right to receive money or other property that the holders of the depositary shares were entitled to receive upon
the redemption. Payments will be made when holders surrender their depositary receipts to the depositary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Voting Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">When the depositary receives notice of any meeting
at which the holders of the preferred stock may vote, the depositary will mail information about the meeting contained in the notice,
and any accompanying proxy materials, to the record holders of the depositary shares relating to the preferred stock. Each record holder
of such depositary shares on the record date, which will be the same date as the record date for the preferred stock, will be entitled
to instruct the depositary as to how the preferred stock underlying the holder&rsquo;s depositary shares should be voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Taxation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Owners of depositary shares will be treated for
U.S. federal income tax purposes as if they were owners of the preferred stock represented by the depositary shares. If necessary, the
applicable prospectus supplement will provide a description of U.S. federal income tax consequences relating to the purchase and ownership
of the depositary shares and the preferred stock represented by the depositary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Amendment and Termination of the Deposit Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The form of depositary receipt evidencing the depositary
shares and any provision of the deposit agreement may be amended by agreement between us and the depositary at any time. However, certain
amendments as specified in the applicable prospectus supplement will not be effective unless approved by the record holders of at least
a majority of the depositary shares then outstanding. A deposit agreement may be terminated by us or the depositary only if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>all outstanding depositary shares relating to the deposit agreement have been redeemed; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>there has been a final distribution on the preferred stock of the relevant series in connection with our liquidation, dissolution
or winding up of our business and the distribution has been distributed to the holders of the related depositary shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Charges of Depositary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will pay all transfer and other taxes and governmental
charges arising solely from the existence of the depositary arrangements. We will pay associated charges of the depositary for the initial
deposit of the preferred stock and any redemption of the preferred stock. Holders of depositary shares will pay transfer and other taxes
and governmental charges and any other charges that are stated to be their responsibility in the deposit agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Resignation and Removal of Depositary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The depositary may resign at any time by delivering
notice to us. We may also remove the depositary at any time. Resignations or removals will take effect when a successor depositary is
appointed and it accepts the appointment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_011"></A><B>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may sell the securities offered by this prospectus
to one or more underwriters or dealers for resale, through agents, directly to purchasers or through a combination of any such methods
of sale. The name of any such underwriter, dealer or agent involved in the offer and sale of the securities, the amounts underwritten
and the nature of its obligation to take the securities will be stated in the applicable prospectus supplement. We have reserved the right
to sell the securities directly to investors on our own in those jurisdictions where we are authorized to do so. The sale of the securities
may be effected in transactions: (i)&nbsp;on any national or international securities exchange or quotation service on which the securities
may be listed or quoted at the time of sale; (ii)&nbsp;in the over-the-counter market; (iii)&nbsp;in transactions otherwise than on such
exchanges or in the over-the-counter market; or (iv)&nbsp;through the writing of options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may issue the securities as a dividend or distribution
or in a subscription rights offering to our existing security holders. In some cases, we or dealers acting with us or on our behalf may
also purchase securities and re-offer them to the public by one or more of the methods described above. This prospectus may be used in
connection with any offering of our securities through any of these methods or other methods described in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We, our agents and underwriters on our behalf may
offer and sell the securities at a fixed price or prices that may be changed, at market prices prevailing at the time of sale, at prices
related to such prevailing market prices or at negotiated prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may solicit offers to purchase securities directly
from the public from time to time. We also may designate agents from time to time to solicit offers to purchase securities from the public
on our behalf. If required, the prospectus supplement relating to any particular offering of securities will name any agents designated
to solicit offers and will include information about any commissions they may be paid in that offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may sell securities from time to time to one
or more underwriters, who would purchase the securities as principal for resale to the public, either on a firm-commitment or best-efforts
basis. If we use underwriters to sell securities, we may enter into an underwriting agreement with the underwriters at the time of the
sale and will name them in the applicable prospectus supplement. In connection with the sale of the securities, underwriters may be deemed
to have received compensation from us in the form of underwriting discounts or commissions and may also receive commissions from purchasers
of the securities for whom they may act as agents. Any underwriting compensation paid by us to underwriters or agents in connection with
the offering of the securities, and any discounts, concessions or commissions allowed by underwriters to participating dealers, will be
set forth in the applicable prospectus supplement to the extent required by applicable law. Underwriters may sell the securities to or
through dealers, and such dealers may receive compensation in the form of discounts, concessions or commissions from the underwriters
or commissions (which may be changed from time to time) from the purchasers for whom they may act as agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The dealers and agents participating in the distribution
of the securities may be deemed to be underwriters, and any discounts and commissions received by them and any profit realized by them
on resale of the securities may be deemed to be underwriting discounts and commissions under the Securities Act of 1933, as amended, or
the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If so indicated in the applicable prospectus supplement,
we will authorize underwriters, dealers or agents to solicit offers from certain specified institutions to purchase offered securities
from us at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment
and delivery on a specified date in the future. Such contracts will be subject to any conditions set forth in the applicable prospectus
supplement, and the prospectus supplement will set forth the commission payable for solicitation of such contracts. The underwriters and
other persons soliciting such contracts will have no responsibility for the validity or performance of any such contracts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If we offer securities in a subscription rights
offering to our existing security holders, we may enter into a standby underwriting agreement with dealers, acting as standby underwriters.
We may pay the standby underwriters a commitment fee for the securities they commit to purchase on a standby basis. If we do not enter
into a standby underwriting arrangement, we may retain a dealer-manager to manage a subscription rights offering for us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Underwriters, dealers and agents may be entitled,
under agreements entered into with us, to indemnification against and contribution towards certain civil liabilities, including any liabilities
under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To facilitate the offering of securities, certain
persons participating in the offering may engage in transactions that stabilize, maintain, or otherwise affect the price of the securities.
These may include over-allotment, stabilization, syndicate short-covering transactions and penalty bids. Over-allotment involves sales
in excess of the offering size, which creates a short position. Stabilizing transactions involve bids to purchase the underlying security
so long as the stabilizing bids do not exceed a specified maximum. Syndicate short-covering transactions involve purchases of securities
in the open market after the distribution has been completed in order to cover syndicate short positions. Penalty bids permit the underwriters
to reclaim selling concessions from dealers when the securities originally sold by the dealers are purchased in covering transactions
to cover syndicate short positions. These activities may stabilize, maintain or otherwise affect the market price of the securities.
As a result, these transactions may cause the price of the securities sold in an offering to be higher than it would otherwise be in
the open market. These transactions may be effected on an exchange or automated quotation system, if the securities are listed on that
exchange or admitted for trading on that automated quotation system, or in the over-the-counter market or otherwise. These transactions,
if commenced, may be discontinued by the underwriters at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The amount of expenses expected to be incurred
by us in connection with any issuance of securities will be set forth in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under Rule&nbsp;15c6-1 of the Exchange Act, trades
in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise.
Your prospectus supplement may provide that the original issue date for your securities may be more than three scheduled business days
after the trade date for your securities. Accordingly, in such a case, if you wish to trade securities on any date prior to the third
business day before the original issue date for your securities, you will be required, by virtue of the fact that your securities initially
are expected to settle in more than three scheduled business days after the trade date for your securities, to specify alternative settlement
arrangements to prevent a failed settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Underwriters, agents and their affiliates may be
customers of, engage in transactions with, or perform services for us or our subsidiaries in the ordinary course of their businesses.
In connection with the distribution of the securities offered under this prospectus, we may enter into swap or other hedging transactions
with, or arranged by, underwriters or agents or their affiliates. These underwriters or agents or their affiliates may receive compensation,
trading gain or other benefits from these transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_012"></A><B>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain statements contained in or incorporated
by reference into this prospectus that are not historical facts may constitute forward-looking statements within the meaning of Section&nbsp;27A
of the Securities Act and Section&nbsp;21E of the Exchange Act. When used in this report the words or phrases &ldquo;may,&rdquo; &ldquo;could,&rdquo;
 &ldquo;should,&rdquo; &ldquo;hope,&rdquo; &ldquo;might,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;plan,&rdquo; &ldquo;assume,&rdquo;
 &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;project,&rdquo; &ldquo;likely,&rdquo; or similar expressions
are intended to identify &ldquo;forward-looking statements.&rdquo; Investors should not place undue reliance on any such forward-looking
statements, which speak only as of the date made. Such statements are subject to risks and uncertainties, including among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> Adverse
                                            changes in the economy or business conditions, either nationally or in our markets, including,
                                            without limitation, inflation, supply chain issues, labor shortages, wage pressures, and
                                            the adverse effects of the COVID-19 pandemic on the global, national, and local economy. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Competitive pressures among depository and other financial institutions nationally and in our markets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Increases in defaults by borrowers and other delinquencies.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Our ability to manage growth effectively, including the successful expansion of our client support, administrative infrastructure,
and internal management systems.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Fluctuations in interest rates and market prices.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> Our
                                            ability to manage growth effectively, including the successful expansion of our client support,
                                            administrative infrastructure, and internal management systems. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Changes in legislative or regulatory requirements applicable to us and our subsidiaries.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Changes in tax requirements, including tax rate changes, new tax laws, and revised tax law interpretations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Fraud, including client and system failure or breaches of our network security, including our internet banking activities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Failure to comply with the applicable SBA regulations in order to maintain the eligibility of the guaranteed portions of SBA loans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> These risks could cause actual results to differ
materially from what we have anticipated or projected. These risk factors and uncertainties should be carefully considered by our shareholders
and potential investors. See Part&nbsp;I,&nbsp;Item 1A &mdash; Risk Factors in our Annual Report on Form&nbsp;10-K for the year ended
December&nbsp;31, 2022 for discussion relating to risk factors impacting us. Investors should not place undue reliance on any such forward-looking
statements, which speak only as of the date made. The factors described within this prospectus could affect our financial performance
and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future
periods. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Where any such forward-looking statement includes
a statement of the assumptions or bases underlying such forward-looking statement, we caution that, while our management believes such
assumptions or bases are reasonable and are made in good faith, assumed facts or bases can vary from actual results, and the differences
between assumed facts or bases and actual results can be material, depending on the circumstances. Where, in any forward-looking statement,
an expectation or belief is expressed as to future results, such expectation or belief is expressed in good faith and believed to have
a reasonable basis, but there can be no assurance that the statement of expectation or belief will be achieved or accomplished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We do not intend to, and specifically disclaim
any obligation to, update any forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_013"></A><B>WHERE YOU CAN FIND ADDITIONAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are subject to the informational requirements
of the Exchange Act and file with the SEC proxy statements, Annual Reports on Form&nbsp;10-K, Quarterly Reports on Form&nbsp;10-Q and
Current Reports on Form&nbsp;8-K, as required of a U.S. listed company. Our SEC filings are available to the public from the SEC&rsquo;s
web site at www.sec.gov or on our website at www.firstbusiness.com. However, other than our available SEC filings, the information on,
or that can be accessible through, our website does not constitute a part of, and is not incorporated by reference in, this prospectus.
Written requests for copies of the documents we file with the SEC should be directed to First Business Financial Services,&nbsp;Inc.,
401 Charmany Drive, Madison, Wisconsin 53719, Attention: Corporate Secretary, telephone: (608) 238-8008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus is part of a registration statement
on Form&nbsp;S-3 filed by us with the SEC under the Securities Act. As permitted by the SEC, this prospectus does not contain all the
information in the registration statement filed with the SEC. For a more complete understanding of this offering, you should refer to
the complete registration statement, including exhibits, on Form&nbsp;S-3 that may be obtained as described above. Statements contained
in this prospectus about the contents of any contract or other document are not necessarily complete. If we have filed any contract or
other document as an exhibit to the registration statement or any other document incorporated by reference in the registration statement,
you should read the exhibit for a more complete understanding of the contract or other document or matter involved. Each statement regarding
a contract or other document is qualified in its entirety by reference to the actual contract or other document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_014"></A><B>DOCUMENTS INCORPORATED BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> The SEC allows us to incorporate by reference
the information that we file with it into this prospectus, which means that we can disclose important information to you by referring
you to other documents. The information incorporated by reference is an important part of this prospectus. We incorporate by reference
the following documents and any future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d)&nbsp;of the Exchange Act after
the date of this prospectus (including prior to the date of the registration statement of which this prospectus is a part) and prior
to the termination of this offering, as well as any filings after the date of the registration statement of which this prospectus forms
a part and prior to the effectiveness of such registration statement, but excluding, in each case, information &ldquo;furnished&rdquo;
rather than &ldquo;filed&rdquo; and information that is modified or superseded by subsequently filed documents prior to the termination
of this offering: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1521951/000152195123000028/fbiz-20221231.htm" STYLE="-sec-extract: exhibit">Our
                                            Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2022, filed with
                                            the SEC on February&nbsp;22, 2023;</A> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> Our
                                            Current Reports on Form&nbsp;8-K, filed with the SEC on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1521951/000152195123000003/fbiz-20230103.htm" STYLE="-sec-extract: exhibit">January&nbsp;6,
                                            2023</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1521951/000152195123000010/fbiz-20230127.htm" STYLE="-sec-extract: exhibit">January&nbsp;27,
                                            2023</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1521951/000110465923009916/tm235173d1_8k.htm" STYLE="-sec-extract: exhibit">February&nbsp;2,
                                            2023</A> and <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1521951/000110465923011773/tm235173d2_8k.htm" STYLE="-sec-extract: exhibit">February&nbsp;7,
                                            2023</A>; </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> <A HREF="https://www.sec.gov/Archives/edgar/data/1521951/000152195122000019/a0308222021def14aproxystmt.htm" STYLE="-sec-extract: exhibit">Our
                                            Definitive Proxy Statement on Schedule 14A filed on March&nbsp;8, 2022, relating to our 2022
                                            Annual Meeting of Stockholders; and</A> </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD> The
                                            description of the Company&rsquo;s common stock contained in Item 11 of the Company&rsquo;s
                                            Registration Statement on Form&nbsp;10 filed with the SEC on April&nbsp;28, 2005, as amended
                                            on June&nbsp;24, 2005, July&nbsp;27, 2005 and December&nbsp;21, 2005, and any amendment or
                                            report filed for the purpose of updating such description. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will provide you with a copy of any information
that we incorporate by reference into this prospectus or the registration statement that contains this prospectus, at no cost, by writing
or calling us. Requests for such materials should be directed to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">First Business Financial Services,&nbsp;Inc.<BR>
Attention: Corporate Secretary<BR>
401 Charmany Drive<BR>
Madison, Wisconsin 53719<BR>
Telephone number: (608) 238-8008</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_015"></A><B>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Unless otherwise indicated in the applicable prospectus
supplements, certain legal matters in connection with any offering of securities made by this prospectus will be passed upon for us by
Godfrey&nbsp;&amp; Kahn, S.C., Milwaukee, Wisconsin. If the securities are being distributed in an underwritten offering, certain legal
matters will be passed upon for the underwriters by counsel identified in the related prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_016"></A><B>EXPERTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"> The financial statements
as of December 31, 2022 and 2021 and for each of the three years in the period ended December 31, 2022 included in this Prospectus have
been so included in reliance on the report of Crowe LLP, independent registered public accounting firm, given on the authority of said
firm as experts in auditing and accounting. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B>Item 14. Other Expenses of Issuance and Distribution.</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following is an estimate, subject to future
contingencies, of the expenses to be incurred by us in connection with the issuance and distribution of the securities being registered.
We will pay all of these expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"> &nbsp; </TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"> Approximate<BR>
    Amount </TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 87%; text-align: left"> SEC Registration Fee </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> $ </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"> 6,952 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> Accounting Fees and Expenses </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> 7,500 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> Legal Fees and Expenses </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT> </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> Transfer Agent and Registrar Fees </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT> </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> Printing and Mailing Fees </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT> </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> Miscellaneous </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> &nbsp; </TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT> </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> Total </TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> &nbsp; </TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right"> &nbsp; </TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> &nbsp; </TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* These fees are not presently known and cannot be estimated at this
time, as they will be based upon, among other things, the amount and type of security being offered as well as the number of offerings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 15. Indemnification of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Wisconsin law provides that a corporation shall
indemnify a director, officer or employee, to the extent that he or she has been successful on the merits or otherwise in the defense
of a proceeding, which includes any threatened, pending or completed civil, criminal, administrative or investigative action, suit, arbitration
or other proceeding, whether formal or informal, which involves foreign, federal, state or local law and which is brought by or in the
right of the corporation or by any other person, for all reasonable expenses incurred in the proceeding if the director, officer or employee
was a party because he or she is a director, officer or employee of the corporation. In cases not included in the preceding sentence,
Wisconsin law provides that a corporation shall indemnify a director or officer against liability incurred by the director or officer
in a proceeding to which the director or officer was a party because he or she is a director or officer of the corporation, which liability
includes the obligation to pay a judgment, settlement, forfeiture or fine, including any excise tax assessed with respect to an employee
benefit plan, and all reasonable expenses including fees, costs, charges, disbursements, attorney fees and other expenses, unless liability
was incurred because the director or officer breached or failed to perform a duty that he or she owes to the corporation and the breach
or failure to perform constitutes any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a willful failure to deal fairly with us or our shareholders in connection with a matter in which the director or officer has a material
conflict of interest;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a violation of criminal law, unless the director or officer had reasonable cause to believe his or her conduct was lawful or had no
reasonable cause to believe his or her conduct was unlawful;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>a transaction from which the director or officer derived an improper personal profit; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>willful misconduct.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise provided in a corporation&rsquo;s
articles of incorporation or by-laws, or by written agreement, the director or officer seeking indemnification is entitled to select one
of the following means for determining his or her right to indemnification: (i)&nbsp;by majority vote of a disinterested quorum of the
board of directors, or if such quorum of disinterested directors cannot be obtained, by a majority vote of a committee duly appointed
by the board of directors consisting of two or more disinterested directors; (ii)&nbsp;by independent legal counsel; (iii)&nbsp;by a panel
of three arbitrators; (iv)&nbsp;by affirmative vote of shareholders; (v)&nbsp;by a court; or (vi)&nbsp;with respect to any additional
right to indemnification, by any other method permitted by Wisconsin law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Reasonable expenses incurred by a director or officer
who is a party to a proceeding may be paid or reimbursed by a corporation at such time as the director or officer furnishes to the corporation
a written affirmation of his or her good faith belief that he or she has not breached or failed to perform his or her duties to the corporation
and a written undertaking to repay any amounts advanced if it is determined that indemnification by the corporation is not required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The indemnification provisions of Wisconsin law
are not exclusive. A corporation may expand a director&rsquo;s or officer&rsquo;s rights to indemnification: (i)&nbsp;in its articles
of incorporation or by-laws; (ii)&nbsp;by written agreement; (iii)&nbsp;by resolution of its board of directors; or (iv)&nbsp;by resolution
that is adopted, after notice, by a majority of all of the corporation&rsquo;s voting shares then issued and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A corporation may further indemnify and allow reasonable
expenses of an employee or agent who is not a director or officer of the corporation to the extent provided by the articles of incorporation
or by-laws, by general or specific action of the board of directors or by contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Wisconsin law further provides that it is the public
policy of the State of Wisconsin to require or permit indemnification, allowance of expenses and insurance to the extent required or permitted
under Wisconsin law for any liability incurred in connection with a proceeding involving a federal or state statute, rule&nbsp;or regulation
regulating the offer, sale or purchase of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our amended and restated by-laws provide that,
to the fullest extent authorized by Wisconsin law, we will indemnify all of our directors and officers and any person who is serving at
our request as a director, officer, partner, trustee, member of any governing or decision-making committee, manager, employee or agent
of another entity, against certain liabilities and losses incurred in connection with these positions or services; provided, however,
that we shall indemnify such parties in connection with a proceeding initiated by them only if the proceeding was authorized by our board
of directors. Additionally, our amended and restated by-laws generally require us to advance expenses incurred by a director or officer
who is a party to a proceeding for which indemnification may be available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, our amended and restated by-laws provide
that our directors and officers shall not be personally liable to us or our shareholders, or any person asserting rights on behalf of
us or our shareholders, for monetary damages for breach or failure to perform any duty unless the person asserting liability proves that
the breach or failure to perform constitutes: (i)&nbsp;a willful failure to deal fairly with us or our shareholders in a matter in which
the director or officer has a material conflict of interest; (ii)&nbsp;a violation of criminal law, unless the director or officer had
reasonable cause to believe his or her conduct was lawful; (iii)&nbsp;a transaction from which the director or officer received an improper
personal benefit; or (iv)&nbsp;willful misconduct. Our amended and restated by-laws further provide that if the Wisconsin Business Corporation
Law is amended to authorize corporate action further eliminating or limiting the personal liability of directors and officers, the liability
of such persons shall automatically be so eliminated or limited to the fullest extent permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any repeal or modification of any of the foregoing
provisions shall not adversely affect any right or protection of any director, officer, or other indemnitee existing at the time of such
repeal or modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, we maintain directors&rsquo; and officers&rsquo;
liability insurance policies providing for insurance on behalf of any person who is or was a director or officer of us or one of our subsidiaries
for any claim made during the policies&rsquo; period against the person in any such capacity or arising out of the person&rsquo;s status
as such. The aggregate limit of liability under the policies is $25.0 million for each insured loss and $25.0 million in the aggregate
for all insured losses for the policies&rsquo; period. Each policy contains various reporting requirements and exclusions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">There is no pending litigation or proceeding involving
any of our directors, officers, employees, or other agents as to which indemnification is being sought, nor are we aware of any pending
or threatened litigation that may result in claims for indemnification by any director, officer, employee or other agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 16. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 10%"><P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <B>Exhibit<BR>
    Number</B> </P></TD>
    <TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="width: 89%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"> <B>Description</B> </P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of Underwriting Agreement.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1305399/000095013709001818/c50011exv3w1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1305399/000095013709001818/c50011exv3w1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended
    and Restated Articles of Incorporation of First Business Financial Services,&nbsp;Inc. (incorporated by reference to Exhibit&nbsp;3.1
    to the Annual Report on Form&nbsp;10-K filed on March&nbsp;10, 2017).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000152195118000090/exhibitform8-kbylawsanddir.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000152195118000090/exhibitform8-kbylawsanddir.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended
    and Restated By-laws of First Business Financial Services,&nbsp;Inc. (incorporated by reference to Exhibit&nbsp;3.1 to the Current
    Report on Form&nbsp;8-K filed on October&nbsp;31, 2018).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="https://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit33.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="https://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit33.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Articles
    of Amendment dated March&nbsp;2, 2022 to the Company&rsquo;s Amended and Restated Articles of Incorporation (incorporated by reference
    to Exhibit&nbsp;3.1 to the Current Report on Form&nbsp;8-K filed on&nbsp;&nbsp;March&nbsp;4, 2022).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to Item 601(b)(4)(iii)&nbsp;of Regulation
    S-K, the registrant agrees to furnish to the SEC, upon request, any instrument defining the rights of holders of long-term debt not
    being registered that is not filed as an exhibit to this Registration Statement on Form&nbsp;S-3. No such instrument authorizes securities
    in excess of 10% of the total assets of the registrant.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit43.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit43.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Articles of Amendment Regarding Designation and Authorization of Preferred Stock </FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000152195117000095/ex43formofindenture.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000152195117000095/ex43formofindenture.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    indenture (incorporated by reference to Exhibit&nbsp;4.3 to the Registration Statement on Form&nbsp;S-3 filed on November&nbsp;7,
    2017 (Commission File No.&nbsp;333-201056)).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of senior debt security.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of subordinated debt security.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of warrant agreement </FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit48.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit48.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    warrant</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of subscription certificate.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.10**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of subscription agent agreement.</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.11**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of unit agreement (including unit certificate).</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.12**</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of depositary agreement (including depositary
    receipt).</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000104746912010780/a2211952zex-4_3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.13</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000104746912010780/a2211952zex-4_3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    common stock certificate (incorporated by reference to Exhibit&nbsp;4.3 to Amendment No.&nbsp;1 to the Registration Statement on
    Form&nbsp;S-1 filed on November&nbsp;26, 2012 (Commission File No.&nbsp;333-184690)).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit414.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.14*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit414.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    preferred stock certificate.</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion
    of Godfrey&nbsp;&amp; Kahn, S.C. (including consent).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="tm237591d1_ex23-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="tm237591d1_ex23-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Crowe LLP.</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="http://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/exhibit51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Godfrey&nbsp;&amp; Kahn S.C. (included in Exhibit&nbsp;5.1).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <A HREF="https://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/s3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1*</FONT></A> </TD>
    <TD> &nbsp; </TD>
    <TD> <A HREF="https://www.sec.gov/Archives/edgar/data/1521951/000089271222000077/s3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power
    of attorney (included in the signature page&nbsp;to the registration statement).</FONT></A> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25.1***</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;T-1 statement of eligibility and qualification
    under the Trust Indenture Act of the trustee under the senior indenture and subordinated indenture.</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> * </TD><TD> Previously filed. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> ** </TD><TD> To be filed by amendment or by report filed under the Exchange
                                            Act and incorporated herein by reference. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"> *** </TD><TD> To be filed separately pursuant to Section&nbsp;305(b)(2)&nbsp;of
                                            the Trust Indenture Act. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 17. Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>To file, during any period in which offers or sales are being
                                            made, a post-effective amendment to this registration statement:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>to include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth
in the registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule&nbsp;424(b)&nbsp;if, in the aggregate,
the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the &ldquo;Calculation
of Registration Fee&rdquo; table in the effective registration statement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>to include any material information with respect to the plan of distribution not previously disclosed in this registration statement
or any material change to such information in this registration statement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">provided, however, that paragraphs (1)(i), (1)(ii)&nbsp;and
(1)(iii)&nbsp;do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of the Exchange
Act, that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule&nbsp;424(b)&nbsp;that
is part of the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>That, for the purpose of determining liability under the Securities Act to any purchaser:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>each prospectus filed by the registrant pursuant to Rule&nbsp;424(b)(3)&nbsp;shall be deemed to be part of the registration statement
as of the date the filed prospectus was deemed part of and included in the registration statement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>each prospectus required to be filed pursuant to Rule&nbsp;424(b)(2),
                                            (b)(5)&nbsp;or (b)(7)&nbsp;as part of a registration statement in reliance on Rule&nbsp;430B
                                            relating to an offering made pursuant to Rule&nbsp;415(a)(1)(i), (vii)&nbsp;or (x)&nbsp;for
                                            the purpose of providing the information required by Section&nbsp;10(a)&nbsp;of the Securities
                                            Act shall be deemed to be part of and included in the registration statement as of the earlier
                                            of the date such form of prospectus is first used after effectiveness or the date of the
                                            first contract of sale of securities in the offering described in the prospectus. As provided
                                            in Rule&nbsp;430B, for liability purposes of the issuer and any person that is at that date
                                            an underwriter, such date shall be deemed to be a new effective date of the registration
                                            statement relating to the securities in the registration statement to which that prospectus
                                            relates, and the offering of such securities at that time shall be deemed to be the initial
                                            bona fide offering thereof. Provided, however, that no statement made in a registration statement
                                            or prospectus that is part of the registration statement or made in a document incorporated
                                            or deemed incorporated by reference into the registration statement or prospectus that is
                                            part of the registration statement will, as to a purchaser with a time of contract of sale
                                            prior to such effective date, supersede or modify any statement that was made in the registration
                                            statement or prospectus that was part of the registration statement or made in any such document
                                            immediately prior to such effective date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution
of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant
to the registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are
offered or sold to such purchaser by means of any of the following communications the undersigned registrant will be a seller to the purchaser
and will be considered to offer or sell such securities to such purchaser:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule&nbsp;424;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to
by the undersigned registrant;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
or its securities provided by or on behalf of the undersigned registrant; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD>any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(6)</TD><TD>That, for purposes of determining any liability under the Securities Act, each filing of the registrant&rsquo;s annual report pursuant
to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s annual
report pursuant to Section&nbsp;15(d)&nbsp;of the Exchange Act) that is incorporated by reference in the registration statement shall
be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(7)</TD><TD>To file an application for the purpose of determining the eligibility of the trustee to act under subsection (a)&nbsp;of Section&nbsp;310
of the Trust Indenture Act in accordance with the rules&nbsp;and regulations prescribed by the SEC under Section&nbsp;305(b)(2)&nbsp;of
the Trust Indenture Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the indemnification
provisions described in Item 15 above, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification
is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Pursuant to the requirements of the Securities
Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-3
and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Madison, State of Wisconsin, on February&nbsp;24, 2023. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">FIRST BUSINESS FINANCIAL SERVICES,&nbsp;INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"> &nbsp; </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"> By: </TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> /s/ Corey A. Chambas </TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"> Corey A. Chambas </TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"> Chief Executive Officer </TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Signature</U></B></FONT> </TD>
    <TD STYLE="width: 2%"> &nbsp; </TD>
    <TD STYLE="width: 31%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Title</U></B></FONT> </TD>
    <TD STYLE="width: 2%"> &nbsp; </TD>
    <TD STYLE="width: 21%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Date</U></B></FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="border-bottom: Black 1pt solid; margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
        Corey A. Chambas</FONT> </P>
        <P STYLE="margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>Corey
        A. Chambas </P></TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer, Director<BR>
    (Principal Executive Officer)</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;24, 2023</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="border-bottom: Black 1pt solid; margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
        Edward G. Sloane,&nbsp;Jr.</FONT> </P>
        <P STYLE="margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>Edward
        G. Sloane,&nbsp;Jr. </P></TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer<BR>
    (Principal Financial Officer)</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;24, 2023</FONT> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="border-bottom: Black 1pt solid; margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
        Brian D. Spielmann</FONT> </P>
        <P STYLE="margin-top: 0; margin-bottom: 0"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>Brian
        D. Spielmann </P></TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Accounting Officer <BR>
    (Principal Accounting Officer)</FONT> </TD>
    <TD> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;24, 2023</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> *<U>Directors</U>: Gerald L. Kilcoyne (Chair), Laurie S. Benson,
Mark D. Bugher, Carla C. Chavarria, John J. Harris, Ralph R. Kauten, Kent W. Lorenz, Daniel P. Olszewski and Carol P. Sanders </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> *By: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%; font: 10pt Times New Roman, Times, Serif"> /s/ Edward G. Sloane,&nbsp;Jr. </TD>
    <TD STYLE="width: 50%"> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> Edward G. Sloane,&nbsp;Jr. </TD>
    <TD> &nbsp; </TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> Attorney-In-Fact </TD>
    <TD> &nbsp; </TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>tm237591d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
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     <TITLE></TITLE>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 23.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We consent to the incorporation by reference in
Registration Statement No. 333-263296 on Form S-3 of First Business Financial Services, Inc. of our report dated February 22, 2023 relating
to the financial statements and effectiveness of internal control over financial reporting, appearing in this Annual Report on Form 10-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">/s/ Crowe LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Oak Brook, Illinois<BR>
February 24, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<SEQUENCE>3
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