Lumbee Guaranty Bank announced that Larry R. Chavis has been promoted to Executive Vice Chairman by the Board of Directors of the Bank. Kyle R. Chavis has been selected by the 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 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. Mr. Bryan Maynor has a 28-year banking career, 18 of which have been with LGB, most recently as the Executive Vice President and Chief Operations Officer.