BCT-Bank of Charles Town's Alice P. Frazier to Serve as ICBA Chairman-elect

Rhea-AI Summary

BCT-Bank of Charles Town (OTC:PTBS) announced that President and CEO Alice P. Frazier has been elected chairman-elect of the Independent Community Bankers of America (ICBA) for 2025-26, effective March 14 at ICBA LIVE in Nashville.

Frazier currently serves on the ICBA Executive Committee, board of directors, Federal Delegate Board, and Policy and Nominating Committees. She is also the Executive Committee liaison for the Minority Bank Advisory Council and Safety and Soundness Subcommittee. Her local leadership roles include positions on the Federal Reserve Bank of Richmond Board and treasurer roles at WVU East Hospital System and Loudoun Economic Development Authority.

ICBA is the nation's exclusive advocacy organization for community banks and savings institutions, focusing on promoting locally operated banking services that combine high-tech solutions with personalized service for consumers, small businesses, and agricultural enterprises.

Positive

• CEO's appointment to ICBA chairman-elect position strengthens bank's industry influence and leadership
• Strong representation in key banking industry committees enhances institutional relationships
• Strategic presence on Federal Reserve Bank of Richmond Board provides valuable regulatory insights

Negative

• None.

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CHARLES TOWN, W.Va., March 14, 2025 /PRNewswire/ -- (OTC:PTBS) — BCT-Bank of Charles Town, also known as The Community's Bank, announced that Alice P. Frazier, President and CEO, was elected chairman-elect of the Independent Community Bankers of America (ICBA) for 2025-26. Her term begins March 14 at the conclusion of ICBA LIVE in Nashville, Tennessee.

"I'm ecstatic for this opportunity to stand up for our nation's community banks as ICBA chairman-elect," Frazier said. "Our institutions leverage relationship-based banking, and our success is tied to the communities we serve. Advancing ICBA's advocacy with policymakers, and delivering on innovation and education to our members, will further an environment where community banks help local economies flourish."

Frazier serves in many leadership roles at ICBA. She is a member of the ICBA Executive Committee and board of directors, a member of ICBA's Federal Delegate Board and its Policy and Nominating Committees. She also serves as the Executive Committee liaison for the Minority Bank Advisory Council and the Safety and Soundness Subcommittee. Frazier previously served on the ICBA Executive Committee as secretary from 2019-21.

Frazier is also active at the local level. She serves on the Federal Reserve Bank of Richmond Board and is past chairman of the Virginia Association of Community Banks. She currently serves as treasurer on the WVU East Hospital System and for the Loudoun Economic Development Authority.

"Alice is one of the most dedicated advocates for community banking, and I'm excited that she's helping to guide our industry," said ICBA Chairman Jack Hopkins, president and CEO of CorTrust Bank in Sioux Falls, S.D. "With her knowledge and the respect she holds among peers, we are fortunate to have her counsel on ICBA's Executive Committee as we drive change in Washington and continue our steadfast dedication to community banking."

ICBA is the only national advocacy organization dedicated exclusively to promoting the interests of locally operated community banks and savings institutions. With the high-tech, high-touch banking services that consumers expect, community banks offer the best financial-services options for millions of consumers, small businesses, and agricultural enterprises.

For more information, visit ICBA's website: https://www.icba.org/.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.

About BCT-Bank of Charles Town

Founded in 1871, BCT-Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $877 million in assets as of December 31, 2024, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices. BCT's offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank offers commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agricultural loans, and government contractor loans. The Bank is also a Small Business Administration (SBA) Preferred Lender. The Residential Lending division offers secondary market and portfolio mortgage loans, one-time close construction to perm loans, as well as home equity loans and lines of credit. For over 70 years, BCT Wealth Advisors has provided caring and personalized trust services, growing into a premier financial management, investments, and estate services provider. The Bank also provides convenient online and mobile banking for individuals, businesses, and local governments plus free access to over 55,000 ATMs through the Allpoint® network plus another approximately 675 free access ATMs through another partnership. BCT was voted WINNER in the LoudounNow 2024 Loudoun's Favorites readers' poll in four categories: Bank, Mortgage Company, Banker, and Financial Planner. In 2023, American Banker selected BCT as a "Top 200 Community Bank," an annual listing of the best performing banks in the United States with assets under $2 billion. BCT was voted a "Best of the Best" winner in the 2023 Journal-News Readers' Choice Awards in four categories: Bank, Mortgage Company, Loan Services, and Financial Planning. The Bank was named a "Best Bank To Work For" by American Banker five of the last six years.

The Company's shares are quoted on the OTC Pink Sheet marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at https://www.mybct.bank.

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SOURCE BCT - Bank of Charles Town

FAQ

When does Alice Frazier begin her term as ICBA chairman-elect for PTBS?

Alice Frazier's term as ICBA chairman-elect begins March 14, 2025, following ICBA LIVE in Nashville, Tennessee.

What positions does Alice Frazier currently hold at ICBA for PTBS?

She serves on the Executive Committee, board of directors, Federal Delegate Board, Policy and Nominating Committees, and as liaison for the Minority Bank Advisory Council and Safety and Soundness Subcommittee.

What local leadership roles does PTBS's Alice Frazier hold outside of ICBA?

She serves on the Federal Reserve Bank of Richmond Board and as treasurer for both WVU East Hospital System and Loudoun Economic Development Authority.

What is the significance of ICBA for PTBS and other community banks?

ICBA is the only national advocacy organization exclusively dedicated to promoting locally operated community banks and savings institutions' interests.