Business View Magazine | September 2022

109 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 9 Committed to the community A s one of only 19 Native American owned banks in the United States, Lumbee Guaranty Bank is proudly celebrating 51 years as a community bank in North Carolina. The idea for the bank originated with a group of Native American business owners, who were frustrated by the limited access to banking services in their rural community of Pembroke. In 1971, after meeting with the North Carolina Banking Commission, they received approval to charter Lumbee Bank, under the condition that 75% of the initial stockholders were Native American people from the region. This requirement was exceeded. Chief Executive Officer Kyle R. Chavis shares, LUMBEE Guaranty Bank CEO, Kyle R. Chavis