Alice P. Frazier Takes ICBA Chair Role, Championing Community Banks
Alice P. Frazier Takes ICBA Chair Role
Recently, BCT-Bank of Charles Town, affectionately known as The Community's Bank, announced that Alice P. Frazier, who serves as the President and CEO, has been elected as the chairman-elect of the Independent Community Bankers of America (ICBA) for the upcoming term. This prestigious role commences soon, following the conclusion of the ICBA LIVE event.
A Vision for Community Banking
Frazier expressed her enthusiasm for the position, stating, "I am ecstatic for this opportunity to stand up for our nation's community banks. Our institutions are built on relationship-based banking, where our success is intrinsically linked to the communities we serve. I look forward to strengthening ICBA's advocacy efforts with policymakers and delivering on education and innovation for our members. This will create an environment where community banks can help local economies thrive."
Leadership at ICBA
Alice P. Frazier is not new to leadership roles at ICBA. She actively participates in many capacities, being a member of both the Executive Committee and the board of directors. Additionally, Frazier is involved in ICBA's Federal Delegate Board, and she contributes to its Policy and Nominating Committees. One of her notable roles is serving as the Executive Committee liaison for the Minority Bank Advisory Council and the Safety and Soundness Subcommittee. Frazier's earlier term saw her serve as secretary on the ICBA Executive Committee from 2019 to 2021.
Local Community Engagement
Frazier's influence extends beyond national banking advocacy; she is deeply engaged at the local level as well. She has been an active member of the Federal Reserve Bank of Richmond Board and has previously held the position of chairman for the Virginia Association of Community Banks. Currently, she serves as treasurer for both the West Virginia University (WVU) East Hospital System and the Loudoun Economic Development Authority, highlighting her commitment to community well-being.
Support From Peers
Her leadership ability resonates with her peers. ICBA Chairman Jack Hopkins praised Frazier, stating, "Alice is one of the most dedicated advocates for community banking. Her wealth of knowledge and the respect she garners among her peers ensures that we are lucky to have her guidance on ICBA's Executive Committee. With her expertise, we will continue to advocate fiercely for community banking interests in Washington, illuminating its unwavering dedication to our industry."
The Role of ICBA
The Independent Community Bankers of America stands as the only national organization solely dedicated to advancing community banks and their interests. In an age where consumers expect seamless banking solutions, community banks rise to the occasion, providing superior financial services tailored to the needs of millions of individuals, small businesses, and agricultural enterprises.
About ICBA and BCT-Bank of Charles Town
Founded with a single mission in mind, ICBA works diligently to create and promote a thriving environment for community banks. The organization is steadfast in its goals, fueling advocacy efforts, fostering education, and encouraging innovation among its members. As trusted sources of credit, community banks play a pivotal role in their neighborhoods, blending relationship-based banking with innovative financial services that nurture jobs and economic stability.
About BCT-Bank of Charles Town
BCT-Bank of Charles Town, established in 1871, operates as a fully owned subsidiary of Potomac Bancshares, Inc. With approximately $877 million in assets, the bank reaches its clientele through a main office, eight branch locations, and two loan production offices. Focused on a range of services, BCT provides commercial loans, residential mortgage options, and insightful wealth management strategies through BCT Wealth Advisors, which has gained recognition for personalized service. Additionally, they offer convenient online and mobile banking, ensuring customers remain connected to their financial resources.
For those interested in learning more about BCT and its offerings, the bank's website hosts essential information for potential clients and partners alike.
Frequently Asked Questions
Who is Alice P. Frazier?
Alice P. Frazier is the President and CEO of BCT-Bank of Charles Town and has been elected chairman-elect of the ICBA for 2025-26.
What is the ICBA?
The ICBA, or Independent Community Bankers of America, is the sole national organization dedicated to advocating for community banks and their needs.
What are community banks?
Community banks are locally operated banks that focus on serving the banking needs of their home communities, often providing personalized service and relationship-based banking.
What roles does Frazier hold at ICBA?
Frazier serves on the ICBA Executive Committee, the board of directors, and several committees including the Federal Delegate Board and Policy Committee.
How does BCT support its local community?
BCT actively engages with local initiatives and offers various financial services tailored to support the economic needs of its community.
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