Luxemburg Bancshares, Inc. Declares Semi-Annual Dividend

Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $0.58 per share, payable on December 15, 2016 to shareholders of record as of December 1, 2016. The current dividend is an increase of $0.02, compared to the June 2016 dividend of $0.56 per share paid on June 15, 2016.

“Increasing dividends are an example of the strong financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg,” said Bank of Luxemburg President John Slatky. “2016 was another solid year for the Bank, and the Company is expecting to exceed this year’s budgeted financial goals.”

Bank of Luxemburg and Luxemburg Bancshares, Inc. have banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. The company also offers investment services, financial planning and the sale of alternative investments to its customers in each community.

Darren Voigt Promoted to Chief Lending Officer at Bank of Luxemburg

Darren Voigt, previously Senior VP of Commercial Lending at Bank of Luxemburg, has been promoted to Chief Lending Officer. 

Darren Voigt

Voigt began his successful career at another financial institution as a mortgage and commercial lender before transitioning into various management roles. With over 25 years in the industry, Voigt has gained experience in consumer and mortgage lending, as well as business and commercial banking and treasury management.

Voigt started at Bank of Luxemburg in January 2014. “I appreciate the opportunity to work for an institution that truly puts the customer first,” said Voigt. “Here at Bank of Luxemburg, employees are empowered to make a positive impact.” As Chief Lending Officer Voigt looks forward to working with clients and helping them achieve their financial goals. “As a community bank, we are dedicated to providing the service our customers need,” said Voigt. 

During his spare time, Voigt enjoys playing golf and traveling.

Luxemburg Bancshares, Inc. Declares Dividend

Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, held its annual meeting on May 17, 2016 and announced a semi-annual dividend of $.56 per share, payable on June 15, 2016, to shareholders of record as of June 1, 2016. The current dividend is an increase of $0.02, compared to the June 2015 dividend of $0.54 per share paid on June 13, 2015.

The shareholders also elected Michael R. Baudhuin and David S. Rueckl to the Board of Directors of Luxemburg Bancshares Inc. Mr. Baudhuin is the Executive Vice President and Co-owner of Wire Tech Fabricators, Inc. in Sturgeon Bay, WI and Mr. Rueckl is the owner of Rueckl Oil, a northeast Wisconsin distributor located in Casco, WI.

Michael R. Baudhuin 

 David S. Rueckl 

President John Slatky noted, “Continued dividends are one example of the solid financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg.” The Company has a 33-year history of paying and increasing dividends on an annual basis. The Bank is expecting to maintain profitable operations through 2016 and beyond with substantial deposit and loan growth.

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Kewaunee, Dyckesville, Casco, Algoma and Sturgeon Bay.  The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community.  For more information about Luxemburg Bancshares, Inc. contact John Slatky at 1-920-845-2345.

Bank of Luxemburg Increases Revitalization Fund to $3 Million

Loan Program Aimed to Benefit all of Kewaunee County 

Bank of Luxemburg has increased the dollar amount and eligible footprint for their Revitalization Program. The program, which initially allocated $1 million to businesses within Luxemburg, will now allocate $3 million to the fund and it will be available to businesses throughout all of Kewaunee County.

The Revitalization Program assists business owners to enhance the physical appearance and economic vitality of their businesses and commercial buildings within all of Kewaunee County. Long-term objectives of the program include physical improvements of buildings, landscaping and parking lots, plus increased pedestrian functionality.

“Like Luxemburg, Algoma has its main street program, and Kewaunee is looking toward additional development with its harbor renovation,” said Executive Vice President Tim Treml. “From the Town of Carlton to the Town of Red River, there are small businesses that could benefit from this program.”

Loan amounts will vary from $5,000-$50,000 with a low fixed interest rate and special repayment terms based on individual project needs. Eligible loan uses include facade improvements, pedestrian cover, historical preservation, structure renovations and accessibility improvements.

Kewaunee County business owners interested in the Revitalization Program can contact Mike Stone at Bank of Luxemburg at 920-845-2345 or mikestone@bankoflux.com.

Bank of Luxemburg and Luxemburg Bancshares, Inc. have full-service banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. The company also offers investment services, financial planning and the sale of alternative investments to its customers in each community. For more information about Bank of Luxemburg and Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.

Bank of Luxemburg Plans to Open Kewaunee Branch

Bank of Luxemburg has announced plans, contingent on obtaining regulatory approval, to build a new branch in Kewaunee. During construction, the bank is planning to operate a branch in temporary location, opening early 2016.

This proposed new branch will bring Bank of Luxemburg’s community-focused service closer to the many Kewaunee residents who have been Bank of Luxemburg customers for years. In addition—considering all the changes that other Kewaunee-area financial institutions are undergoing—this new Bank of Luxemburg branch will offer residents the opportunity to choose a locally owned bank for all their financial needs in the future.

Bank of Luxemburg is an independent community bank with a focus on providing a full range of financial products and hometown service to the communities served. As the only bank headquartered in Kewaunee County, Bank of Luxemburg employees enjoy serving their friends and neighbors. “The people at Bank of Luxemburg understand the Kewaunee area’s needs,” said Bank of Luxemburg president John Slatky. “In addition, we are familiar with businesses here and make all loan decisions locally. We often say we are ‘Committed to your success. See what a difference it makes,’ and we certainly are committed to making a difference in Kewaunee,” he added.

According to Bank of Luxemburg CFO Joe Mauel, “Once regulatory approval is received, Bank of Luxemburg will finalize the new branch implementation plan to serve the Kewaunee area’s banking needs. This process could be completed in 30-45 days.”

Bank of Luxemburg and Luxemburg Bancshares, Inc. have full-service banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma and Sturgeon Bay. The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community. For more information about Bank of Luxemburg and Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.