FOR IMMEDIATE RELEASE

Contact: Edward H. Schaefer

Chief Executive Officer

(262) 542-4448

FFBW, INC. ANNOUNCES ADOPTION OF

STOCK REPURCHASE PROGRAM

BROOKFIELD, WISCONSIN, September 3, 2021 – FFBW, Inc. (the “Company”) (Nasdaq: FFBW), the holding company for First Federal Bank of Wisconsin, announced it has completed a previously announced program to repurchase 10.0% of its common stock that was initiated in March 2021. Further, the Company has adopted a new program to repurchase up to an additional 690,000 shares of its common stock, which is approximately 10.0% of its remaining outstanding common stock.  This is the Company’s second stock repurchase program since completing its second step conversion and related stock offering in January 2020.

Under the repurchase plan, shares may be repurchased in open market or private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.

The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance.  Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.  The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.

About FFBW, Inc. and First Federal Bank of Wisconsin

FFBW, Inc. is the parent holding company of First Federal Bank of Wisconsin, a federal saving bank. The Bank conducts its operations from its three full-service banking offices in Waukesha County, Wisconsin, which is located immediately west of Milwaukee, its office in the Bay View neighborhood and our newest office on Historic Mitchell Street on Milwaukee’s south side.

Forward-Looking Statements

This press release contains certain forward-looking statements about FFBW, Inc. and First Federal Bank of Wisconsin.  Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”  Forward-looking statements, by their nature, are subject to risks and uncertainties.  The following factors, among others, could cause actual results to differ materially from the anticipated results expressed in the forward-looking statements: (1) the interest rate environment may further compress margins and adversely affect new interest income; (2) the risks associated with continued diversification of assets and adverse changes to credit quality; (3) general economic conditions and increased competitive pressure; (4) conditions within the securities markets; and (5) changes in legislation, regulations and policies.  Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in FFBW, Inc.’s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the Securities and Exchange Commission (the “SEC”) and available at the SEC’s Internet website (www.sec.gov).

Further, given its ongoing and dynamic nature, it is difficult to predict what continued effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and the related local and national economic disruption may result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; an increase in our allowance for loan losses; a decline in the value of loan collateral, including real estate; a greater decline in the yield on our interest-earning assets than the decline in the cost of our interest-bearing liabilities; and increased cybersecurity risks, as employees increasingly work remotely.

FFBW, Inc. does not undertake an obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.