By Tim Kowols
No jobs will be lost when the Bank of Luxemburg shutters one of its two Algoma branches next month. The bank will close its branch inside the Denny’s SuperValu grocery store on May 11 while making improvements to its main branch in Algoma on Second Street. Technology has caused transaction counts to go down, but Bank of Luxemburg president Tim Treml says they remain committed to serving the residents of Algoma and surrounding community.
Employees from soon-to-be closed branch will be moved to its main Algoma location. The Bank of Luxemburg also has branches in Green Bay, Dyckesville, Sturgeon Bay, Kewaunee, Luxemburg, and Casco.