Pembroke, NC and East Windsor, CT (November 3, 2021) – Lumbee Guaranty Bank is launching an insurance agency with Insuritas, a full-service digital insurance agency platform, through a joint venture with Community Insurance Services LLC. The agency is engineered to offer a full suite of auto, home and small business insurance products to their customers. 

“We are excited for the opportunity to work with Insuritas and Community Insurance Services in this new venture. This partnership will allow our bank to continue to offer first-class products and services that help meet the financial needs of our customers,” said Kyle R. Chavis, Chief Executive Officer of Lumbee Guaranty Bank. 

The insurance agency will offer more than 40 carrier partners and will offer products including auto, home, business, pet, travel and more. “We’re delighted to announce our relationship with Lumbee Guaranty Bank and are proud to have earned the opportunity to build, launch, and manage a full-service, digitally powered insurance agency for the bank and its customers,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our unique partnership with the NCBA , the bank will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.” 

NCBA President Peter Gwaltney, noted “Building recurring fee income from helping customers and expanding customer wallet share will be increasingly important to our community banks, and this innovative partnership  between the NCBA and Insuritas continues to allow our community bank members to provide a full service insurance agency platform without the traditional capital, execution and reputation risks of buying or building a local agency.”

About Lumbee Guaranty Bank
Lumbee Guaranty Bank is a community bank headquartered in Pembroke, NC and serves Robeson, Cumberland, and Hoke Counties. Established in 1971, the Bank offers a full array of financial services through its network of fourteen strategically located branch offices over the three-county area. The Bank’s common stock is traded on the OTC-QX under the stock symbol LUMB. 

About NCBA
The North Carolina Bankers Association brings together all categories of banking institutions that best represent the interests of our rapidly changing state. Proudly serving North Carolina’s banking industry since 1897, the NCBA is the professional trade organization providing advocacy, leadership and support for its dynamic membership base. The Association has three subsidiaries, Centrant Community Capital, Community Bank Services (CBS) and Community Insurance Services (CIS). Centrant Community Capital provides permanent debt financing for workforce apartment communities and housing in a number of states. CBS offers insurance and employee benefit products, as well as other to the Association’s members and publishes a quarterly magazine, Carolina Banker. CIS has been created to remove barriers that will enable our community banks to provide a full range of quality insurance options to their customers. For more information, visit at www.ncbankers.org.