Lumbee Guaranty Bank took their company Christmas banquet to another level as it became the venue for celebrating the bank's 40th year in business. Ms Tasha Oxendine was Mistress of Ceremony at the event held on December 17, 2011 at PorterPlaza, just a few days before the actual December 21 anniversary date. Guests included employees, current Directors,past Directors and past Presidents.

President and CEO Larry R. Chavis welcomed banquet guests and
introduced Ms Oxendine who presented a video highlighting the history
of the bank. Following that Mr. Chavis recognized local Advisory Board
members, retirees of the bank, past Presidents and current Board

Chairman of the Board Of Directors, Arnold Locklear, recognized past
Board Members as well as the outstanding service of Mr. Chavis as
President and CEO of the bank for 24 years.

The banquet was the formal culmination of an on-going 40th Anniversary
Celebration which features a special 40th Anniversary logo, newspaper
ads featuring long term employees and ads recognizing the bank's Board
Of Directors for their service. The bank also hosted individual
community "Thank You" Birthday parties over the past several weeks at
their ten branch locations. Customers and neighbors in Pembroke,
Rowland, Fairmont, Falcon Village, Hope Mills, Lumberton,Saint Pauls,
Red Springs, Maxton and Fayetteville's Lake Rim community enjoyed
birthday cake, hot dogs and 40th Anniversary door prizes at the
individual parties hosted during November and December.

Mr. Chavis closed the formal program with special recognitions of
individuals and their contributions to the bank's longevity and
success. These included Dr. Martin L. Brooks, who is one of the
original Board members and has served as a Board member continuously throughout the banks forty year history, as well as Linda L. Chavis, who has been employed at the bank for 38 years.

"We are thrilled to arrive at this significant point in our bank's
history, having completed forty years of service as a true community
bank." stated President Chavis. "We are very grateful to our customers
who have placed their faith in us as financial partners in their
businesses, homes and families. And we are grateful that their faith
has been well placed, thanks to the dedication and diligence of so
many individuals who have made such a huge difference for our bank
over these forty years. These include our employees, Advisory Boards
and, of course, our Board of Directors. We are very proud of our
success and standing as a financial institution, especially in light
of the negative financial environment across the country. We look
forward to being a strong force for economic growth for our
communities for many more decades to come."

Following dinner and the celebration program, guests were entertained
by local performers, Veandra Oxendine and Holly Oxendine, followed by
music and dancing.

Lumbee Guaranty Bank was founded in 1971. It is headquartered at 403
East Third Street, Pembroke, NC.

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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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