Alice P. Frazier, President & CEO
“Being elected to serve on the Board of the Federal Reserve is a privilege and honor,” stated Frazier. “I cherish the opportunity to represent the vital role local community banks play in promoting strong communities.”
Ms. Frazier will serve as a Class A Director, representing member banks within the jurisdiction of the Federal Reserve Bank of Richmond. In addition to serving as President and CEO of BCT, Ms. Frazier also serves on the Potomac Bancshares, Inc. Board of Directors, the one holding company of BCT. She further serves as a Director with the Loudoun County (Virginia) Economic Development Authority, on the Loudoun County Chamber of Commerce Board of Directors, on the West Virginia University-East Hospital Board of Directors, and on the Independent Community Banks of America (ICBA) Board of Directors where she currently serves as Chairwoman of Bank Operations and Payments Committee. Ms. Frazier is also a past Chairman of the Virginia Association of Community Banks.
Including her current position with BCT, Ms. Frazier has more than 32 years of local banking experience, including service with Cardinal Financial Corporation as executive vice president and COO, BB&T as SVP/Area Executive in Loudoun County, and Middleburg Financial Corporation as CFO and COO, which is where Frazier began her banking career. Prior to that, she worked four years in public accounting with national and regional firms.
A certified public accountant, Ms. Frazier is a graduate of the Stonier Graduate School of Banking and Radford University. In 2020, she was named Distinguished Alumni of Radford’s Davis College of Business and Economics. Ms. Frazier is a resident of Leesburg, Virginia for over 19 years.