Get Richer: Start Building Your Wealth Today

Saving and investing are important ways to build wealth. Once the saving part is taken care of, people might be left wondering how to start the investment process.
Bank of Luxemburg has some helpful guidelines to follow:
1. Get Guidance
*Choosing a good investment requires guidance. Gather information from newspapers, magazines, and credible sources online. Seek advice from banks and other financial experts.
2. Take Advantage of Compound Interest
*Money grows quicker when investors are paid on previously earned interest as well as on the original deposit or investment.

Bank of Luxemburg Cookout Serves Up a Gift to Paul's Pantry

Bank of Luxemburg’s Bellevue branch hosted a neighborhood cookout in June to raise funds for Paul’s Pantry, a locally funded and supported food pantry in Green Bay. The cookout raised $643.75.

Craig Robbins, director of Paul’s Pantry, accepted the donation check from Bank of Luxemburg and brought a few Bank of Luxemburg employees including Rebecca Kiecker, Jessie Jorgenson, and Carl Castelic on a tour of the facility. Robbins was happy to see the support for community residents in general and the pantry program itself. Paul’s Pantry is locally funded and is among the largest food pantries in the country. Robbins noted that the summer tends to be a slow time for donations, so the funds
raised at the cookout will be especially helpful.

Paul’s Pantry is always looking for donations and volunteers to help maintain the success oftheprogram. BankofLuxemburghaslocationsinForestville,Algoma,Green Bay, Dyckesville, and Casco, Wisconsin, to serve all your banking needs and can be found online at www.bankofluxemburg.com for more information.

Bank of Luxemburg: The Location for a New Veteran's Day Memorial

Local veterans, residents, business owners, board members, Luxemburg-Casco High School community, problem solving students, and faculty gathered outside Bank of Luxemburg’s main branch on Wednesday, November 11, in honor of Veteran’s Day. It was the first gathering of this sort since last year’s dedication of Veteran’s Memorial Park, which is located directly in front of Bank of Luxemburg and marked by five monuments. The memorial program included a welcome message, prayer, reflection speech, riffle guard, the playing of taps, and ended with a moment of silence. Following the service, Luxemburg-Casco High School students relived history as they spoke with the veterans about the meaning of Veteran’s Day and listened to them tell stories of war. Several generations reflected together on the importance of the special day. Bank of Luxemburg appreciates all those who serve in the military and armed forces and is proud to be the site for this new tradition, as the Veteran’s Day Memorial service hopefully becomes an annual event.

Get Smart About Credit

As the economy and new legislation shape a new credit reality for young adults, Bank of Luxemburg is encouraging the public to celebrate the seventh annual “Get Smart About Credit Day” on October 15 (and throughout the month) which stresses the fundamentals of wise credit use.

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.”

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.”

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.