Aug 14, 2009

Bank of Luxemburg Announces Earnings

Luxemburg Bancshares, Inc.—parent company of the Bank of Luxemburg—announced earnings for the first six months ending June 30, 2009 of $870,068 compared to $630,104 for the first six months of 2008...a noteworthy increase. According to Mr. Slatky, “The primary reason for the increase in the first six months of 2009 is significant loan refinance activity due to lower interest rates and improvement in the bank’s net interest income.”

Total assets have grown from $204,619,620 (June 30, 2008) to $218,911,323 (June 30, 2009). Mr. Slatky noted, “The increase is most likely due to depositors seeking a safe, secure financial institution in which to invest their funds.”

Aug 13, 2009

New Information Technology Director at Bank of Luxemburg

Bank of Luxemburg proudly announces the hiring of Joel Williquette, Information Technology Director. Joel’s day to day responsibilities involve leading the bank’s technology initiatives. He will evaluate the needs of the bank and find the correct technology-related solutions including employee training, evaluating new business systems, and overseeing network infrastructure change.

Joel brings with him a wide-array of experience. Joel spent half his career working as a technology consultant, and the other half working directly with fortune five hundred sized companies. Joel’s specialties included Microsoft networks and project management.

Joel says, “I’m very excited to be serving the Luxemburg and surrounding communities. Bank of Luxemburg in particular has a real dedication to technology and their customers which makes it a really wonderful place to work.”

Aug 7, 2009

Bank of Luxemburg Pitches in for Back-to-School

“Back to School” took on new meaning for Bank of Luxemburg this year. As customers dropped by to make their weekly deposits or meet with banking officers, they were encouraged to bring “back-to-school” items into the bank during the month of July. Bank of Luxemburg employees were also encouraged to donate items and contributed cash on “Dress Down Day”—a day when employees were allowed to wear jeans, in exchange for $5.

Bank of Luxemburg employees saw an outpouring of giving, even during a difficult economic time. To date, Bank of Luxemburg collected hundreds of dollars in cash and school supplies including writing utensils, art products, calculators, and organizers. A check and all items collected will be presented to Kewaunee County to benefit residents in need.

Bank of Luxemburg would like to extend a “thank you” to all customers who participated. This first-time, back-to-school collection was such a success that Bank of Luxemburg plans to continue the event next year, setting even higher goals.