Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $.51 per share, payable on December 17, 2010, to shareholders of record as of December 6, 2010. The dividend is compared to a dividend of $.50 per share paid on December 18, 2009.
President John Slatky noted, “The increase reflects an improvement in earnings in 2010 and is an example of the solid financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg. While the Bank continues to contend with the challenging economy and the current real estate market, the Bank is profitable and expects to remain profitable.”
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