October 12, 2006
CONTACT:
Larry R. Chavis, President/CEO
910-521-9707

LUMBEE GUARANTY BANK CELEBRATES
 FAYETTEVILLE OFFICE GRAND OPENING

FAYETTEVILLE—Pembroke-based Lumbee Guaranty Bank celebrated the Grand Opening of its first Fayetteville office today with a formal ribbon-cutting ceremony.

Located at 6313 Raeford Road at Falcon Village, the new office houses Fayetteville City Executive-Vice President Allen Davidson along with two tellers and a customer service representative.

The ceremony was highlighted by the cutting of a ribbon made entirely of currency, representing a donation the bank has pledged to United Way of Cumberland County.

“Now that we’re in Fayetteville, we’re eager to demonstrate the Lumbee approach to banking and service, and part of that is being a responsible corporate citizen,” said Davidson. “For us, that means contributing to those groups whose good works aid and enrich our community.”

“We’re excited to be in Fayetteville,” said bank President and CEO Larry R. Chavis. “We believe this vibrant market holds a lot of opportunities for us, just as we believe that our presence offers a host of financial opportunities for our customers.”

Founded in 1971, Lumbee Guaranty Bank currently operates 11 offices in Robeson and Cumberland counties with assets totaling $196.3 million. A second Fayetteville location is under construction and will open in 2007.


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