Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, held its annual meeting May 17, 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. Baudhuin is executive vice president and co-owner of WireTech Fabricators, Inc. in Sturgeon Bay, and Rueckl is the owner of Rueckl Oil, a northeast Wisconsin distributor located in Casco.
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, contact John Slatky at 920.845.2345.