Bank of Luxemburg was founded in 1902 by a group of prominent farmers and businessmen. In 1903 a state charter was granted and the bank formally began operations in what was known as the Wisconsin House. On June 20, 1904, the bank proceeded to erect its first bank building across the street from the Wisconsin House. Having outgrown its original structure, a new building on the corner of Main and Elm Streets was authorized for construction at a special shareholders meeting on April 7, 1916. The building, with its large size and ornamentation, was extraordinary for a small village. With numerous renovations, this building served as the home of Bank of Luxemburg until a new building was constructed in 2008.