Luxemburg Bancshares, Inc.—parent company of the Bank of Luxemburg—announced earnings for the first quarter of 2009 and approved a semi-annual cash dividend of $.50 per common share. The cash dividend was payable on June 12, 2009 to stockholders of record as of June 1, 2009. John Slatky, President of Luxemburg Bancshares, Inc. stated, “Our consistent annual dividends are just one example of the solid financial position of Luxemburg Bancshares, Inc. and the Bank of Luxemburg. We are profitable and expect to remain so.”
Net income for the three months ending March 31, 2009, was $429,477 or $.82 per share as compared to $311,651 or $.59 per share for the fourth quarter 2008...a noteworthy increase. According to Mr. Slatky, “The primary reason for the increase in the first quarter of 2009 is significant loan refinance activity due to lower interest rates.”
