Bank of Luxemburg plans to open new Kewaunee branch

The Bank of Luxemburg Wednesday 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, said the company in a press release.. 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, the release said.

The new branch will be located at 980 Marquette Drive in Kewaunee, said John Slatky, Bank of Luxemburg president. The address is across the street from the Kewaunee Piggly Wiggly and Dollar General stores.

Plans for the new building are currently being finalized, and Slatky said the new branch would open in eight months to a year, pending regulatory approval. In addition, he said the Bank of Luxemburg is planning to open a temporary branch at 925 Marquette Drive in first quarter that will serve customers until the new building is completed.

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. It is the only bank headquartered in Kewaunee County, Slatsky said.

“The people at Bank of Luxemburg understand the Kewaunee area’s needs,” said 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.

This article originally appeared on Green Bay Press Gazette: Bank of Luxemburg plans to open new Kewaunee branch