Lumbee Guaranty Bank Receives
Bauer Financial 5-Star Rating

Lumbee Guaranty Bank receives highest ratings - 5-Stars from BauerFinancial Inc.. BauerFinancial, Inc.  has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983.  Through the years BauerFinancial has earned the reputation of “the nation’s bank rating service”   

Under BauerFinancial’s rating system, five stars represent Superior bank performance and is the firm’s highest rating.  The rating is based upon an analysis of current financial reports that are filed with federal regulators four times a year.  The quarterly data is subjected to thorough analysis and compared with historical data from Lumbee Guaranty Bank.  Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stare with five stars being the strongest.

“We would like to take this opportunity to congratulate our employees and directors, for their hard work and dedication in helping Lumbee Guaranty Bank achieve this honor” stated Larry R. Chavis, President and CEO. 

“As you know this has been a time of economic uncertainty, this 5-Star rating reflects our commitment to our customers, employees and stockholders.  Our customers and stock holders can be assured by obtaining this rating Lumbee Guaranty Bank is ranked as one of the strongest and safest bank’s the country” stated Larry R. Chavis.

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Larry R. Chavis has been promoted to EXECUTIVE VICE CHAIRMAN by the Board of Directors of Lumbee Guaranty Bank.

Kyle R. Chavis has been selected by the Lumbee Guaranty Bank (LGB) Board of Directors to succeed Larry R. Chavis (no relation) as CEO. In addition, Bryan K. Maynor has been promoted to President and Chief Operating Officer of the Bank. Both men will assume their new roles immediately.

Mr. Kyle Chavis, (47), has been an employee of LGB for 18 years. His experience includes a total of 25 years in a variety of banking roles at Wachovia Bank, Triangle Bank and others. He has been serving as Executive vice President and Chief Credit Officer of LGB for the past eight years. Kyle Chavis received a Bachelor of Arts in Business Management, with a concentration in Finance from North Carolina State University in 1991, and he is currently working toward a Master’s in Business Administration at UNC Pembroke. He attended graduate banking schools at Louisiana State University and through the North Carolina Bankers Association. He and his family reside in Lumberton, NC.

Mr. Bryan Maynor (53) has a 28-year banking career, 18 of which have been with LGB, most recently as the Executive Vice President and Chief Operations Officer. He was born and reared in Pembroke, NC and received his Bachelors of Science in Industrial Relations at UNC Chapel Hill in 1986. Maynor also attended graduate banking schools at LSU and through the NCBA. He attained an Executive Masters in Business Administration from Troy University in 2007. Maynor lives in Pembroke with his family.

In making the announcement, LGB Board of Directors Chair, Arnold Locklear, acknowledged the experience, leadership and skill that Kyle Chavis and Bryan Maynor have already contributed to the Bank, stating, “These gentlemen have been involved at a senior management level over many years of change at LGB. The Board is excited to have them as our next executive team.”

Mr. Larry Chavis said, “I have teased these guys that it will take two of them to replace me, but the truth is banking has become a much more complex business since I was a young banker. I am comforted that Kyle and Bryan will be at the helm when I slow down.”

LGB is a commercial bank founded in 1971. The Bank currently serves customers in Robeson, Cumberland and Hoke Counties. The Bank has $350 million in assets and 13 branch offices. Please visit our website:

Pembroke, NC

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