Phishing is one of the latest cons used by high-tech criminals to facilitate one of America's leading forms of fraud—identity theft. Basically, the scam uses spam (unsolicited e-mail) to bait consumers into disclosing sensitive personal information—such as social security numbers, account and routing numbers, credit card numbers, personal identification numbers, passwords, and other private data.

According to the Federal Trade Commission (FTC), the unsolicited e-mails give the appearance of being from legitimate businesses. In fact, fraudsters usually pick a business that the potential victim actually does business with, such as a financial institution, credit card company, or insurance company. The fraudsters tell the e-mail recipients they need to"update" or "validate" their billing information to keep their accounts

active. To help set the hook, they even direct their potential victims to a web site that imitates the look of the legitimate web site—with logos, colors, and designs to match. Unwittingly, consumers then submit their information to the impostor, who then uses the personal data to commit identity theft.

To avoid getting reeled into one of these scams, the FTC offers the following guidance:

  • If you get an e-mail that warns you—with little or no notice—that an account of yours will be shut down or interest suspended unless you reconfirm your billing information, do not reply or click on the link in the e-mail. Instead, contact the legitimate company cited in the e-mail using a telephone number or web address you know to be genuine.
  • Avoid e-mailing personal and/or financial information.
  • Look for the "lock" icon on the browser's status bar before submitting financial information through any web site. It signals that your information is secure during transmission.
  • Review credit card and account statements as soon as you receive them to determine whether there are unauthorized charges. If your statement is late by more than a couple of days, call your credit card company or financial institution to confirm your billing address and account balances.
  • Report suspicious activity to the FTC—send the actual spam e-mail to If you believe you've been scammed, file your complaint at, then visit the FTC's identity theft web site at to learn how to minimize your risk of damage from identity theft. To help fight fraud, the FTC enters Internet, telemarketing, identity theft, and other fraudrelated complaints into Consumer Sentinel®— a secure, on-line database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
  • Visit for other ways to prevent and avoid e-mail scams and to learn how to deal with deceptive spam

As your financial institution, we want to help you combat identity theft. One of the best ways to fight fraud is to educate yourself and be aware of a possible scam before it happens to you. Be cautious when providing information, and learn the steps you can take to help protect your sensitive, personal information in an attempt to stay ahead of
these criminals.

To file a complaint or get free information on consumer issues, visit or call toll free to 1- 877-FTC-HELP (1-877-382-4357) or TTY: 1-866-653-4261.


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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© 2005 Lumbee Guaranty Bank