BUSINESS CHECKING

This cost-effective account is designed for businesses with low monthly activity

  • $100 to open
  • Debits, Credits and Items Deposited        
    First 175 Combined Items - No Charge       
    Fee per Combined Item over 175 - $.40 each thereafter
  • First $5,000 Currency/Coin Deposited - No Charge
    Currency/Coin deposited in excess of $5,000, $1 per $1,000.
  • No monthly service charge with $2,000 minimum balance; otherwise $10 per month

COMMERCIAL CHECKING

Designed for businesses with higher activity levels, this account uses an earnings credit based on balances to offset monthly service and activity charge.

  • $100 to open
  • $15 monthly service charge
  • Activity fees
         1) $0.17 per debit
         2) $0.08 per on-us item deposited
         3) $0.09 per in-state item deposited
         4) $.12 per ACH Credit
         5) $.12 per ACH Debits

BUSINESS MONEY MANAGER

Exclusively for sole proprietorships, non-profit groups and governmental units, Business Money Manager is an interest-bearing account that rewards those who maintain higher balances.

  • $10,000 to open
  • Up to 50 checks paid per month at no charge; $1 each thereafter
  • Up to 125 deposited items per month at no charge; $0.09 each thereafter
  • No monthly service charge with $35,000 minimum balance; otherwise $35 per month

INTEREST COMMERCIAL CHECKING

An interest-bearing Commercial Checking account is available for fole proprietorships, non-profit groups and governmental units. Maintenance and activity fees are the same as those for our regular Commercial Checking

  • $100 to open

NON-PROFIT CHECKING

We created this economical account especially for non-profit organizations.

  • No minimum balance to open
  • Up to 50 checks paid per month at no charge; $0.25 each thereafter
  • Up to 100 deposited items per month at no charge; $0.12 each thereafter
  • Up to 30 deposits per month at no charge; $0.35 each thereafter
  • No monthly service charge with $1,000 minimum balance; otherwise $8 per month

NEW ORGANIZATIONAL STRUCTURE ANNOUNCED BY LUMBEE GUARANTY BANK BOARD OF DIRECTORS

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: http://LumbeeGuarantyBank.com



Pembroke, NC





Lost or Stolen ATM/Visa Debit Cards

 
 

© 2005 Lumbee Guaranty Bank