LUXEMBURG, WI (WTAQ) – Officials with Bank of Luxemburg say they will close two of their nine back locations.
President John Slatky tells FOX 11 that the Forestville branch, 216 W. Main Street, and the Algoma Denny’s branch, 514 5th Street, will close at 5 p.m. on June 12.
“The foot traffic at the Forestville branch has significantly declined because of the successful opening of the Sturgeon Bay branch last year and the continued shift of our customers to online banking, direct deposit and ATMs,” says Slatky. “The Denny’s branch was an opportunity for us to enter the Algoma market. Denny’s led us to then open a larger, full-service branch in Algoma which has exceeded expectations.”
