Banking & Finance

Lumbee Guaranty Bank chairman inducted into N.C. Banking Hall of Fame

By Staff Report, posted 2 years ago
Larry Chavis. Photo provided by Hodges Advertising Associates

Chairman of the Board of Lumbee Guaranty Bank Larry Chavis was inducted into the North Carolina Banking Hall of Fame. 

The Hall of Fame was established in 2021. Inductees are leaders of the state’s banking industry who have impacted their communities. 

“We inducted titans of the banking industry into the North Carolina Banking Hall of Fame this week. They are an inspiration to me and the people they touch every day, and they are shining examples of leadership and service to others,” Peter Gwaltney, president and CEO of the North Carolina Bankers Association, said of Chavis and other 2021 inductees. 

Altogether, Chavis has 50 years experience in the banking industry. He began working at LGB in 1987 as president and CEO of the bank. Chavis was elected as Chairman of the Board upon his retirement in 2019. 

While working for the bank, LGB grew from one office to 14locations across Robeson, Hoke and Cumberland County. 

In addition to his profound impact on LGB and the banking industry, Chavis has “served with many church, civic, economic development, and educational organizations in the communities served by Lumbee Guaranty Bank,” the press release said. 

“No one is more deserving of this Hall of Fame honor than Mr. Chavis,” said the current CEO of Lumbee Guaranty Bank, Kyle R. Chavis. “While his professional achievements and his service to the community are remarkable, I would also note that, throughout his career, he has always taken time to support and mentor his fellow employees and to interact personally with our shareholders and customers of the bank.”

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

A lifetime of service

Clark, a retired surgeon and businessman, is a longtime supporter of Methodist University with deep roots in theFayetteville community. Clark is also well known for his dominance on the basketball court as a center for the University of North Carolin


Editor's note: Countdown to the holidays

Greetings and may I be the first to wish a happy holiday season to you, our readers. As we have finally passed Halloween, the countdown to Thanksgiving and Christmas has officially begun! I’m sure that by this issue’s release on Nov. 1, the Chri


Hurricane Helene support: NCMBC partners with NCDOT to find qualified vendors to help with rebuilding western NC after Hurricane Helene

To do their part, the North Carolina Military Business Center is monitoring federal, state and local government contracting opportunities to support Western Carolina and inform the businesses that can assist with the recovery and rebuilding effort. P