Frederick Percival Champ was born June 4, 1896 in Salt Lake City, Utah, the son of George Herbert and Alla Dora Cochran Champ. He attended the New Jersey Academy, the Utah State Agricultural College (now Utah State University), St. Stephens School in Colorado Springs, and Harvard University. From 1917 to 1918, Frederick P. Champ served with the United States Food Administration as a Division Chief, and then with Near East Relief from 1918 to 1919. He also served on the Relief Commission to the Near East, Russia, and Armenia in 1919. He then returned to Logan to run the family businesses including the Utah Logan Mortgage Corporation and the Cache Valley Banking Company. In 1925, he became a member of the board of trustees of Utah State Agricultural College, serving in that capacity until 1941. In addition, he served as a member of the Salt Lake District Board of the United State Reconstruction Finance Corporation (1933-1940), chairman of the Governor's Advisory Committee on Public Welfare and Emergency Relief (1933-1934), chairman of the Utah State Board of Public Welfare (1935-1936), and chairman of the Governor's Committee on Emergency Distribution Waters of Bear River in Utah and Idaho (1934-1935).

Frederick P. Champ also served as a director for Utah, National Water Conservation Conference; Area Coordinator for United States Savings Bonds Division, U.S. Treasury Department; member of the executive committee of the Utah Centennial Commission; member of the Board of Governors and Farm Loan Committee, Mortgage Bankers of America; member of the Utah Bankers Association; member and co-chairman for Utah, National Probation and Parole Association; member, Utah State Highway Patrol Civil Service Commission; member of Utah's Committee on Fulbright Scholarship; director of the Salt Lake City Branch, Federal Reserve Bank of San Francisco; member of the America Arbitration Association and the National Reclamation Association. Vice President (1941), and Director (1942-1946) of the American Forestry Association; Vice President (1951-1952) and Director (1943-1951) of the United States Chamber of Commerce; President of the Executive Board of the Cache Valley Council, Boy Scouts of America (1940-1943); President of the Cache Valley Building Company; chairman of the Board of Commercial Security Bank; Vice President and Director of Walker Bank and Trust Company; Director of the Title Insurance Company of Boise, Idaho; Director of Investors Central Management Corporation of New York City; and President of the Logan Rotary Club. He was also awarded an honorary Doctor of Laws degree by Utah State University in 1954.

Frederick P. Champ married Frances Elizabeth Winton in Duluth Minnesota on December 29, 1921. They had three children, George Herbert "Herb", Mary Knox (Nielson), and Frederick Winton "Wint" Champ. George "Herb" Champ, took over the family business while Frederick "Wint" Champ served as Vice President. Frederick P. Champ retired in 1965 and passed away in March 1976. Frances E.W. Champ followed in death in August 1982. Herb Champ has continued to run the businesses for many years and resides in Logan (2006), Utah. Mary K.C. Nielson resides in Connecticut and Frederick "Wint" Champ passed away in 2001 while living in Salt Lake City.