Area Caller ID “Spoofing” Scam

LUXEMBURG, WI (November 1, 2017)—Bank of Luxemburg has recently received complaints from customers about a phone scam to collect personal information. Customers have reported that a person speaking with a foreign accent calls from a Bank of Luxemburg caller ID, states that they work at Bank of Luxemburg, then requests personal information.

According to the Federal Communications Commission (FCC), this type of scam is referred to as “spoofing” and occurs when a caller deliberately falsifies the information transmitted to your caller ID display to disguise their identity. Spoofing is often used as part of an attempt to trick someone into giving away valuable personal information so it can be used in fraudulent activity or sold illegally. U.S. law and FCC rules prohibit most types of spoofing.Phone

Bank of Luxemburg Vice President of Retail Deanna Tittel wants to assure customers Bank of Luxemburg would never try to collect information over the phone. “If you receive a phone call from a caller ID associated with Bank of Luxemburg or a person claiming to be a representative of the bank asking for personal information, do not engage in conversation,” Tittel advises. “Hang up and call Bank of Luxemburg directly with a legitimate phone number listing to report the incident.”

Tittel also recommends looking to the FCC’s consumer guidelines below if you believe you’re the victim of “Spoofing”:

  • Never give out personal information such as account numbers, Social Security numbers, mother’s maiden names, passwords or other identifying information in response to unexpected calls or if you are at all suspicious.
  • If you get an inquiry from someone who says they represent a company or a government agency seeking personal information, hang up and call the phone number on your account statement, in the phone book or on the company’s or government agency’s website to verify the authenticity of the request.
  • Use caution if you are being pressured for information immediately.

About Bank of Luxemburg: Offering full-service personal and business financial solutions since 1903, Luxemburg Bancshares, Inc. and Bank of Luxemburg has banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. For more information about Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.

Bank of Luxemburg Hires New Assistant Vice President of Commercial Lending

LUXEMBURG, WI (October 23, 2017) –Bank of Luxemburg recently hired Ken Rehn as assistant vice president of commercial lending. Ken will work to increase lending to businesses in the Bank of Luxemburg footprint. His office will be located at the Luxemburg branch on Main Street.

Ken brings over 15 years of banking experience and 20 years in the private sector to his new role at Bank of Luxemburg. Ken owned and operated grocery stores in the Upper Ken RehnPeninsula, and spent five years as a district manager for a Midwest grocery wholesaler. Ken spent 10 years in retail banking and the last five years in commercial lending. A graduate of Bob Jones University in Greenville, South Carolina, Rehn holds a bachelor’s degree in business administration.

Offering full-service personal and business financial solutions since 1903, Luxemburg Bancshares, Inc. and Bank of Luxemburg has banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. For more information about Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.

How To ACTUALLY Stick To Your Holiday Budget

Moneying.com  has some great tips about how to stick to your holiday budget.

by Connie Mei

It’s that time of the year again! The year seems to be quickly going by and the holiday season is right around the corner. The holidays are a time filled with family, fun and food. While the last few months of the year are usually all about laughter and celebration, it is also one of the most expensive times of the year as well. With traveling expenses and presents, your budget can quickly get out of hand.

Before you get stressed out about holiday budgeting, start a plan. The earlier you begin thinking about holiday spending, the more time you’ll have actually enjoying the season. Here are five tips to help you stick to your holiday budget:christmas-snowman

Start Early!

The early bird gets the worm! While you might think it’s too early to start thinking about the holidays, think again. Before you know it, it’ll be the week before Christmas and you’ll find yourself scrambling for last minute gifts. Start your planning now before you stress yourself out. Begin making your list of people you need to get gifts for and jot down rough ideas of what you might want to get them. Once you have your list ready, you can start hunting for steals and deals well before Christmas. You might even get your shopping done early!

Tackle Black Friday Deals

You either love Black Friday or you hate it. It’s an experience that definitely isn’t for everyone. The idea of braving crowds and lines for discounted goods right after stuffing your face with turkey sounds appalling to me, but you may find it totally appealing. If you belong in the latter group, then prepare yourself for the big day. Many retailers will release a list of their sales the week prior so you can start making your list ahead of time. Be sure to research when stores open as you might want to get there early in case inventory sells out. If you don’t get exactly what you what on Black Friday, there’s always Cyber Monday – when you can find plenty of deals online without the crowds.

DIY Your Gifts

Store-bought gifts aren’t always the best. Homemade items carry a lot of significant value and you can personalize it and make it exactly how you want. Consider diy-ing your gifts if you have the talent. Not only will your friends and family appreciate the thought and effort you put into it but you’ll also save a significant amount of money.

Set Limits

It would be amazing if we could buy all our loved ones the perfect gift, but most of us can’t afford to do that. While you’re making your list and shopping, be sure to be realistic with what you can afford. Decide what your limits are for each person and stick to it. Even if you find the most “perfect” gift for someone on your list, it’s not going to work if it will break the budget. It’s the thought that really counts so don’t worry about buying the most expensive gift.

Spend on Experiences

Most of the time it’s better to gift an experience if you can’t really find the perfect gift for someone. Think about what they really enjoy doing. For instance, tickets to a local play or a gift certificate to their favorite restaurant can be great ideas. Plus, you might also be able to tag along so not only do you get to enjoy the gift, but you also get to spend time with the recipient too.

The holidays are quickly approaching. While shopping and sticking to your budget is important, also remember to take a few moments to enjoy time with family and love ones.

 

5 Things To Consider Before Signing Up For A Store Credit Card

Moneying.com  has some great tips about store credit cards.

Many times, you’re at a store paying for your items when the cashier asks “would you like to save 20% off your purchase today by signing up for our credit card?”. Sounds like a great deal, doesn’t it? You’re inclined to say yes, fill out the easy application and have the instant gratification of saving on things you were willing to pay full price for. Is it too good to be untitledtrue though? It very well might be.

Retail stores have been tempting customers for years to sign up for credit cards with discounts, free gifts, and special promotions. While it may seem like a no-brainer to sign up and get instant savings, there are longer term implications that can affect your personal finance for years to come. Make sure you consider these five important things before signing up for a store credit card:

Your Credit Score May Be Impacted

Whenever you sign up for a credit card, especially one from a retail store, your credit report will most likely be pulled. While that doesn’t seem like a big deal, it might actually have a negative effect on your credit score. This is what is called a ‘hard pull’, which happens usually when a financial institution, like a credit card company, asks for your credit report. Hard pulls can decrease your credit score by a few points. While it is temporary and usually only stays on your credit report for about two years, it is something to consider, especially if you are applying for loans in the near future.

Read & Fully Understand the Terms

When you’re signing up for a store credit card on the spot at checkout, you’re mostly likely not taking your time to read the fine print. Make sure you fully read and understand the terms and conditions of your new card though. Store credit cards don’t have the greatest reputation. They’re notorious for having very high interest rates and fees, so you should thoroughly consider the terms before signing your name on the dotted line. You don’t want to be stuck paying a high interest rate in the long run. If it sounds too good to be true, it most likely is.

Consider The Sign-Up Bonus

The number one reason people apply for a store credit card is because of a special sign-up bonus. Often, stores will offer you a discount on your purchase that day or for a specified period of time. They might also give you free products and other perks. While it feels great to be able to save money also instantaneously, you should really consider the sign-up bonus before you commit. While saving 15% on your purchase seems like a no-brainer, is it really that much of a bonus in the long run? In the grand scheme of things, sign-up bonuses are almost insignificant when compared against drawbacks, like interest rates and fees.

Do Competitive Shopping

Consider your options before you sign up for your credit card. Every store has different cards and policies and you want to make sure to pick the one that is right for you. If you’re really set on opening a store credit card, look first at the retailer where you spend the most money. You’ll probably get the most return if it has a good rewards and points program. Opening a card at a store you don’t really go to often probably won’t benefit you much. And of course, compare the terms and conditions between all cards.

Take Your Time To Make A Decision

Finally but most importantly, don’t make a spur of the moment decision. Stores will often reel you in with an engaging sales pitch at the register and many customers feel almost pressured into making a decision right then and there. If you’re interested in signing up, ask how long their current promotions and sign-up bonuses are valid for. Also ask for an application to take home and if you can mail it in when you’re ready. Many companies will also allow you to apply online. This way, you can take your time to read the fine print and make a decision that is right for you (and your credit).

Store credit cards are very enticing but they aren’t for everyone. Make sure you understand all the ins and outs of the card before you sign up. Otherwise, you can really do some damage to your credit score and debt levels. Choose wisely!

Bank of Luxemburg Hires Director of Marketing and Business Development

Originally Posted: June 5, 2017

LUXEMBURG, WI (June 5, 2017) – Bank of Luxemburg recently hired Paula Poggi as director of marketing and business development. Poggi will manage the marketing department, while overseeing marketing and communication efforts for all nine branches of the bank.

“Our sales and marketing efforts are crucial to the growth of our company and to sustaining positive relationships with local customers” said Bank of Luxemburg President President/CEO Tim Treml. “We look forward to seeing how Paula’s extensive experience will shape our brand and service offerings while supporting our mission to have a positive impact on people’s lives.”Paula Poggi

Poggi brings over 20 years of diverse work experience to her new role at Bank of Luxemburg. She worked at Humana in Green Bay for 24 years and held a variety of positions such as quality analyst, project manager, account implementation manager, market service relations consultant and most recently competitive intelligence consultant. She holds a master’s degree in administrative science with an emphasis in public and private management from University of Wisconsin Green Bay and a bachelor’s degree in communications from St. Norbert College in De Pere.

Offering full-service personal and business financial solutions since 1903, Luxemburg Bancshares, Inc. and Bank of Luxemburg has banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. For more information about Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.

Luxemburg Bancshares, Inc. Declares Dividend

Originally Posted:  May 25, 2017

 

LUXEMBURG, WI (May 25, 2017)—Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, is proud to announce that on May 2, 2017, the company declared a semi-annual cash dividend of $0.60 per share, to shareholders of record as of June 1, 2017 payable on June 15, 2017. The current dividend is an increase of $0.02, compared to the December 2016 dividend of $0.58 per share paid on December 15, 2016.

As the new holding company president, Tim Treml ensures the presidential transition has been seamless. “The bank leadership team and I believe if the bank continues to have a positive impact on people’s lives, the bank will continue to prosper,” Treml shared. “The solid financial performance of the bank allows the holding company to continue annual shareholder dividend growth and produce strong stock value appreciation,” he stated.

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Kewaunee, Dyckesville, Casco, Algoma and Sturgeon Bay. For more information about Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com.

Bank of Luxemburg Opens New Location in Kewaunee

Originally posted: April 17, 2017

LUXEMBURG, WI (April 17, 2017) – Bank of Luxemburg will host a Grand Opening celebration of their new Kewaunee location at 980 Marquette Drive May 1-6. The week-long festivities will begin with a ribbon cutting at 10:00 a.m. on Monday, May 1. Activities and specials will continue through the week.2017.04.26 Exterior

The public is welcome to attend all Grand Opening activities to enjoy complimentary reusable grocery bags, snacks, refreshments and a chance to win prizes playing Plinko. Bank of Luxemburg customers can also take advantage of Grand Opening specials throughout the week as well. The week will include loan and certificate of deposit (CD) specials.

The 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. “As the only bank headquartered in Kewaunee County, this new Bank of Luxemburg branch will offer residents the opportunity to choose a locally-owned bank for all their financial needs,” stated Bank of Luxemburg President Tim Treml. “We’re excited to deliver our full range of banking products and hometown service to more of our friends and neighbors.”

The bank will officially open its doors for service Monday, April 24 at 8:00 a.m., one week before the grand opening.

Bank of Luxemburg and Luxemburg Bancshares, Inc. have full-service banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. For more information about Bank of Luxemburg and Luxemburg Bancshares, Inc., visit www.bankofluxemburg.com

Tim Treml Appointed President/CEO of Bank of Luxemburg

Originally Posted: February 1, 2017

Bank of Luxemburg Executive Vice President/Chief Lending Officer Tim Treml was promoted to president at the start of 2017. John Slatky, who served as the bank’s executive vice president/CEO for five years and president/CEO for 23 years, will remain on staff to ease the transition until his planned retirement this June.

Treml has been working closely with Slatky over the course of twTim Treml Suito years to focus on the most important aspects of his new position. “Responsibilities have been transferred to me gradually, so I am confident in myself and the leadership team will effectively continue to manage the institution moving forward,” Treml stated.

Treml assures employees, customers and stakeholders there will not be drastic or immediate changes due to the transition. “Bank of Luxemburg’s purpose is ‘To have a positive impact on people’s lives,’” Treml shared. “This purpose is what our staff believes makes our relationships with customers special. I look forward to working with our staff to continue fulfilling this vision in the communities we serve.”

Treml’s promotion comes as a result of his leadership and long-term commitment to the bank. Treml has been employed at Bank of Luxemburg for 22 years this June, including seven as chief lending officer, before being promoted to executive vice president in 2015. In addition, Treml completed the Graduate School of Banking in 2001 and the Leadership Development Program for Community Bankers in 2015, a one-year program offered through the Center for Professional and Executive Development from the Wisconsin School of Business at University of Wisconsin—Madison.

Treml also brings years of dedicated volunteer service and community involvement to his leadership role. He served as president on the Luxemburg Chamber of Commerce and was named the chamber’s “Man of the Year” in 2013. He served as treasurer to Kewaunee County Economic Development Corporation for three years, has co-chaired the EastShore Industries Annual Golf Outing for 13 years, has served as treasurer to Ducks Unlimited for over 16 years and is a former rescue squad member.

Former Bank of Luxemburg President John Slatky is confident in the bank’s future under Treml’s leadership. “The customers in our communities will be well served for many years to come,” Slatky assured. “Our customers expect nothing less than exemplary service and sound leadership from their banker and Tim continues that tradition.” Though Slatky plans to retire this summer, he will remain on the bank’s board of directors.

As Treml transitions to president, Darren Voigt has assumed the responsibilities of chief lending officer. Voigt has been with Bank of Luxemburg since 2014 and has over 25 years of experience including consumer and mortgage lending, as well as business and commercial banking and treasury management.

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. For more information about Luxemburg Bancshares, Inc., visit http://www.bankofluxemburg.com/.

Luxemburg Bancshares, Inc. Declares Semi-Annual Dividend

Originally Posted: December, 9 2016

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

Originally posted September 20, 2016

Darren Voigt, previously Senior VP of Commercial Lending at Bank of Luxemburg, has been promoted to Chief Lending Officer. Darren Voight 2

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.