President & CEO, Potomac Bancshares, Inc. and Bank of Charles Town
Commercial Banking, Financial Governance & Strategic Leadership
Alice P. Frazier is the President and Chief Executive Officer of Potomac Bank (subsidiary of Potomac Bancshares, Inc.), a premier regional commercial banking institution serving privately held businesses, commercial real estate developers, and professionals throughout Greater Washington, Virginia, Maryland, and West Virginia. With more than 32 years of executive banking experience, commercial lending acumen, and financial management leadership, she brings exceptional strategic perspective to business owners navigating capital growth, credit facilities, and regional market expansion.
In March 2026, Frazier was elected Chairman of the Independent Community Bankers of America (ICBA) for the 2026–2027 term, leading national advocacy, policy initiatives, and capital access programs representing community banks across the United States. She previously served a multi-year term on the Board of Directors for the Federal Reserve Bank of Richmond as a Class A Director (2023–2025), advising on monetary policy, economic trends, and banking system stability.
Prior to leading Potomac Bank, Frazier held senior executive roles across Virginia and Greater Washington financial institutions, including Executive Vice President and Chief Operating Officer at Cardinal Financial Corporation, Senior Vice President and Area Executive for BB&T in Loudoun County, and Chief Financial Officer and Chief Operating Officer at Middleburg Financial Corporation. A Certified Public Accountant (CPA), she is a graduate of the prestigious ABA Stonier Graduate School of Banking and Radford University, and was recognized by the Washington Business Journal as one of their “Women Who Mean Business.”
“Community banking is founded on genuine relationships, disciplined capital stewardship, and long-term local economic impact. When business owners have a trusted banking partner at their side, the entire regional economy thrives.”
Structuring customized credit facilities, commercial mortgages, revolving working capital lines, and treasury management solutions for owner-led businesses in the $10M to $150M revenue band.
Advising middle-market executives on debt capitalization, liquidity management, interest rate risk hedging, and financial structuring for sustainable growth.
Extensive corporate governance and regulatory compliance expertise derived from executive leadership, Federal Reserve Bank directorship, and national ICBA chairmanship.
Deep connections throughout Greater Washington, Northern Virginia, and Mid-Atlantic commercial networks, aligning capital deployment with regional business growth.
Collaborating directly with business owners, corporate boards, and civic institutions to navigate economic cycles and strategic transitions.
Potomac Bank provides dedicated commercial banking, lending facilities, and treasury services across high-impact business sectors.
Tailored commercial lending, credit lines, and cash management for middle-market companies
Construction financing, acquisition facilities, and portfolio term loans
Working capital lines, mobilization funding, and specialized treasury services
Practice acquisition loans, equipment financing, and healthcare cash flow management
Partner buy-in financing, escrow management, and specialized commercial deposit solutions
Facility financing, endowment management accounts, and community development capital
Alice served as Class A Director representing regional member banks from 2023–2025
Chairman of the Independent Community Bankers of America (2026–2027 term)
Leading the commercial banking institution, directing regional expansion, balance sheet growth, and market expansion across Greater Washington, Virginia, Maryland, and West Virginia.
Elected national Chairman representing community banks nationwide, advocating for regulatory policy, financial stability, and small business capital access.
Represented member financial institutions on the regional Federal Reserve board, advising on monetary policy, regional economic conditions, and banking supervision.
Directed enterprise banking operations, risk management, and commercial banking integration across the Northern Virginia and Greater Washington market.
Managed commercial lending, business banking, and regional market development, leading lending teams across the high-growth Loudoun County region.
Managed financial operations, investor relations, SEC financial reporting, and operational execution for 16 years, building deep institutional strength.
By the Numbers
Leading national advocacy and policy for America's community banks
Federal Reserve Bank of Richmond Board of Directors (2023–2025)
Board Member & Former Treasurer fostering regional business growth
Board Member & Treasurer supporting healthcare infrastructure
A premier regional commercial banking institution serving owner-led businesses, commercial enterprises, and professionals across Greater Washington. Learn more at potomac.bank.