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       U. S. SECURITIES AND EXCHANGE COMMISSION
                Washington. D. C. 20549

                     Form 10-QSB/A

(Mark One)

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
     THE  SECURITIES EXCHANGE ACT OF 1934
     For the quarterly period ended June 30, 1999.

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
     THE EXCHANGE ACT
     For the transition period from _______________ to _______________.

            Commission file number 0-22471

              Luxemburg Bancshares, Inc.
 (Exact name of small business issuer as specified in its charter)

        Wisconsin                             39-1457904
     (State or other                          (I.R.S. Employer
     jurisdiction of                          Identification No.)
     incorporation or
      organization)

             630 Main Street, Luxemburg, Wisconsin 54217
              (Address of principal executive offices)

                         (920)  845-2345
                   (Issuer's telephone number)

                               N/A
         (Former name, former address and former fiscal year,
                    if changed since last report)

Check whether the issuer (1) filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act
during the past 12 months (or for such shorter period
that the registrant was required to file such reports),
and (2) has been subject to such filing requirements
for the past 90 days.  Yes  [ X ]   No  [  ]

State the number of shares outstanding of each issuer's
classes of common equity, as of August 6, 1999:
           268,501 shares were outstanding.

Transitional Small Business Disclosure Format (check one): Yes  [ ]   No  [X]

<PAGE>

Explanatory Note

This Form 10QSB/A is being filed to include the exact
voting results of the matters approved at the company's
annual shareholder meeting.

              PART II - OTHER INFORMATION

Item 4.      Submission of Matters to a Vote of Security Holders

The annual meeting of Luxemburg Bancshares, Inc. was
held on April 24, 1999.  The following two directors
were elected:  Richard Dougherty and Ronald Ledvina.
Each director received 161,909 shares for, none against
and none abstained from voting.  The employee stock
purchase plan was approved  with 145,012 shares for,
5,309 shares against and 11,588 shares abstained from
voting.  The director stock purchase plan was approved
with 87,351 shares for, 17,438 shares against and
57,120 shares abstained from voting.

<PAGE>



                      SIGNATURES

Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto
duly authorized.



                                         LUXEMBURG BANCSHARES, INC.
                                         ---------------------------
                                         (Registrant)


/s/ John A. Slatky                       /s/John H. Kaye, CPA
-------------------                      ----------------------
John A. Slatky                           John H. Kaye, CPA
President and Chief Executive Officer    Treasurer
                                         (Principal Accounting Officer)

Date:  8/30/99                           Date:  8/31/99