First Business Financial Services in Madison, Wis., is looking for a new leader for one of its banks.

The $1.8 billion-asset company disclosed in a regulatory filing Wednesday that it had reached an agreement with Pamela Berneking to terminate her employment as president and chief executive of Alterra Bank.

David Seiler, First Business' chief operating officer, was named interim president and CEO while the company searches for a permanent replacement.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.