One of the country’s oldest banks introduced its newest branch to Purcellville with $3,000 in donations to local nonprofits.
Bank of Charles Town, known as BCT, cut the ribbon on its new office in the Catoctin Corner shopping center Tuesday morning, simultaneously announcing donations of $1,500 to HeroHomes, which builds homes for wounded veterans, and the Purcellville Volunteer Fire Company.
President and CEO Alice Frazier said there are only 229 banks older than BCT. According to the Federal Deposit Insurance Corporation, there are about 6,800 banks in the U.S.
Frazier said Loudoun “made a lot of sense” for growing the bank, since it’s a fast-growing county close to the bank’s home in Jefferson County, WV.
“70 percent of the workforce of Jefferson County, and a large number of Berkeley County, travel to or through Loudoun to work,” Frazier said. “And so for them, they’re seeing their home bank in this community.” She also highlighted the volunteering and charitable giving by bank employees, which she said included more than 2,000 hours of community service and $25,000 of donations to United Way across 105 employees in 2017.
Loudoun County Chamber of Commerce president and CEO Tony Howard thanked BCT “for the confidence this demonstrates in Loudoun County.” Town of Purcellville Mayor Kwasi Fraser said the new branch is “evidence of Purcellville’s strong economy.”
“It shows evidence that you’ve seen that, and that’s why you have the commitment to this community,” Fraser said.
The bank has recruited a raft of familiar faces in Loudoun banking, includingFrazier, formerly of Middleburg Bank, BB&T, and Cardinal Financial Corp; Stephen Cowen, formerly of Atlantic Coast Mortgage and Middleburg Bank; Katheryn “Kitty” Kearns, formerly of Middleburg Bank; and Dianne Capilongo, formerly of Cardinal Bank.