Lumbee Guaranty Bank will contribute $500,000 to The University of North Carolina at Pembroke.
The gift from Pembroke’s hometown bank is the largest corporate gift in UNCP history. It is earmarked for the University’s “First and Ten Campaign for Football.”
Larry Chavis, President and CEO
UNCP’s new football field at the Belk Athletic Complex will be named in honor of Lumbee Guaranty Bank. The gift will be spread over a 10-year period.
UNCP will begin football in fall 2007 after more than a 50-year absence, and the University plans to raise $4 million in a major fundraising campaign. The community is being counted on for support, and Lumbee Bank delivered.
UNCP and the bank share a long history in the region, said Lumbee Bank President and Chief Executive Officer Larry Chavis, a 1972 UNCP graduate.
“The University has touched the lives of most of the people in this community and in surrounding communities,” Chavis said. “My parents were both graduates and my daughter and son also attended UNCP. My father played sports at the University in the 1940s when football was played.”
Chavis said the bank’s Board of Directors believe football will be good for the University and the community.
“Our directors wanted to be an important part of football at the University,” he said. “We look forward to a long-term relationship, and we’re very excited about football.”
“We believe the community is excited about football too,” Chavis said. “I believe it will bring more local involvement and draw alumni closer to the University. I hope to be there myself.”
Lumbee Bank bills itself as “your hometown community bank,” and it is also a homegrown success story. Founded in 1971, it was the nation’s first American Indian-owned bank.
With 10 branches in the region today, Lumbee Bank has $172 million in assets, $152 million in deposits and 1,800 stockholders. In 1996 during the bank’s 25th anniversary, it moved into new headquarters on 3rd Street in Pembroke. The bank is a major employer with a payroll nearing 100.
Lumbee Guaranty Bank has historic ties to the University. One of the bank’s founders, the late Adolph L. Dial, was chair of UNCP’s American Indian Studies Department. The late John Robert Jones, another founder, is the father of UNCP Trustee and bank Director Sybil Bullard.
“There are many ties between the community and the University,
Bullard said. “My mother is a graduate, and my father attended the University.”
“Lumbee Guaranty is a community bank, and our concern is the success of our community,” she said. “This gift reinforces our commitment to the community.”
Chancellor Allen C. Meadors thanked the bank and its directors.
“This is truly a great day for football and a great day in the history of the University,” Chancellor Meadors said. “The community told us they wanted a football team, and Lumbee Guaranty Bank has stepped up to the plate.”
The First and Ten Campaign is nearing $1 million in commitments in its early leadership or large donor phase. Fundraising for academics at UNCP is also at an all-time high with the recent record gift of $500,000 by Pembroke native and Los Angeles real estate developer Jim Thomas to fund a distinguished professorship in the School of Business.
The public kick-off of the First and Ten Campaign for Football is Thursday, September 22 from 5-8 p.m. Honorary chairs for the campaign are Kelvin Sampson, a UNCP graduate and Oklahoma University basketball coach, and former NFL great Dwight Clark.
For more information about the First and Ten Campaign for Football, please contact the Office for Advancement at 910.521.6252 or email email@example.com.