News

Bank of Luxemburg expanding into northern Door County

The Bank of Luxemburg will be hiring a contractor shortly to construct a new bank branch in Fish Creek. Currently, its northernmost location is in Sturgeon Bay, about a half hour away. President and Chief Executive Officer Tim Treml says that the opportunity arose after another bank walked away from the market. The company already has a strong customer base in the area, who stand to be helped the most.

 


The Bank of Luxemburg has only ten to 15 percent of its commercial loan portfolio dedicated to agriculture. Manufacturing, real estate, and retail have become increasingly important components of its operations. The branch is expected to open in the next six months and will provide three full-time jobs as well as part-time work. It is designed to have a next-generation ATM capable of providing customers with access to a teller remotely.

 

*Photo courtesy of Bank of Luxemburg website. 

 

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