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POTOMAC BNCSHS INC - PTBS STOCK NEWS

Welcome to our dedicated page for POTOMAC BNCSHS news (Ticker: PTBS), a resource for investors and traders seeking the latest updates and insights on POTOMAC BNCSHS stock.

Potomac Bancshares, Inc. (PTBS) serves as the one bank holding company for Bank of Charles Town (BCT). Founded in 1871, BCT offers a variety of banking products and services through its main office and multiple branches. The bank provides commercial and residential loans, wealth management services, and more to individuals, businesses, and local municipalities. With a focus on building long-lasting client relationships, the bank continues to achieve steady growth and profitability. PTBS maintains a strong presence in the market with consistent dividends, strategic goals, and a commitment to delivering exceptional service.

News

POTOMAC BANCSHARES, INC. REPORTS 2024 FIRST QUARTER RESULTS

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Potomac Bancshares, Inc. reported its 2024 first-quarter results, showing a decrease in earnings compared to the previous year due to a loss on sales of securities. Despite slower loan and deposit growth, the company remains focused on operational improvements and strategic initiatives. Total assets and deposits increased, while net interest income slightly decreased. Loan and deposit growth were notable, with improvements in the company's leverage capital ratio and tangible equity ratio. However, non-interest income was down, and expenses increased, primarily due to investments in training and technology. The company announced a 20% increase in dividends, reflecting its commitment to growth.

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BCT-Bank of Charles Town Announces Promotion of Leslie Crabill to Executive Vice President of BCT Wealth and Investments Division

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BCT-Bank of Charles Town promoted Leslie Crabill to Executive Vice President of BCT Wealth and Investments Division. With over 25 years of experience, Leslie will lead the division's strategic expansion and client service in Virginia. She holds various securities and insurance licenses, and is actively involved in community service.

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POTOMAC BANCSHARES, INC. DECLARES 20% INCREASE TO QUARTERLY DIVIDEND

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Potomac Bancshares, Inc. (PTBS) declared a 20% increase in their quarterly dividend to $0.12 per share, up from $0.10, reflecting the company's successful execution of strategic growth goals. The dividend is payable to shareholders of record on May 3, 2024, and will be distributed on May 10, 2024.
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BCT-Bank of Charles Town Announces Alice Frazier Elected as Vice Chairman of ICBA

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BCT-Bank of Charles Town (PTBS) announces Alice Frazier as ICBA Vice Chairman, highlighting her leadership roles and dedication to community banks.
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POTOMAC BANCSHARES, INC. REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS

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Potomac Bancshares, Inc. (PTBS) reported a net income of $7.264 million for the full year 2023, with a ROA of 0.91% and ROE of 11.59%. The company experienced a 9.9% increase in total assets, a 7.2% increase in net interest income, and a 2.74% increase in pre-tax pre-provision net income. However, it was impacted by pre-tax losses on sales of securities. The company also announced a quarterly dividend of $0.10 per share.
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POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

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Potomac Bancshares, Inc. (PTBS) announced a quarterly dividend of $0.10 per share for all shareholders of record on February 2, 2024, to be paid on February 9, 2024.
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BCT-Bank of Charles Town Voted 2023 "Best of the Best" for Bank, Mortgage Company, Loan Service, and Financial Planning by Journal-News Readers

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BCT-Bank of Charles Town (BCT) has been honored with the 2023 Best of the Best Readers' Choice Awards in four financial services categories: Bank, Mortgage Company, Loan Service, and Financial Planning/Service Company. The awards, presented by the Martinsburg Journal-News, reflect the community's trust and recognition of BCT as their most trusted financial partner in the Eastern Panhandle. President and CEO Alice P. Frazier expressed pride in the BCT Team and gratitude towards their clients and community for this significant honor.
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Erik Seppala Joins the SBA Lending Team for BCT-The Community's Bank

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BCT-The Community's Bank (OTC:PTBS) recently appointed Erik Seppala as Vice President and Relationship Manager for BCT's Small Business Administration (SBA) lending team. Mr. Seppala brings over 20 years of banking experience to BCT, focusing on SBA and traditional commercial lending in Northern Virginia, Maryland, and West Virginia. His expertise will enhance BCT's ability to provide the best loan products and services in their markets.
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BCT-Bank of Charles Town Named A "Best Bank To Work For" for a Fourth Time by American Banker

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OTC:PTBS - BCT-Bank of Charles Town Named One of the Best Banks to Work For in 2023 - The Community's Bank, BCT, has been recognized as one of the Best Banks to Work For in 2023, marking the fourth year of this achievement. The program, initiated by American Banker and Best Companies Group, identifies and honors U.S. banks for outstanding employee satisfaction. The ranking is determined through employee surveys and a review of workplace policies and benefits. President and CEO, Alice P. Frazier, expressed delight at the recognition and emphasized the meaningfulness of the team members' confidence in BCT as a great place to work. The program is open to various chartered retail financial institutions with at least 50 employees in the United States.
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BCT Expands Government Contractor Banking Services with Appointment of Christopher Turley

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PTBS - BCT-The Community's Bank Appoints Christopher Turley as Senior VP and Director of Government Lending
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FAQ

What is the current stock price of POTOMAC BNCSHS (PTBS)?

The current stock price of POTOMAC BNCSHS (PTBS) is $15.17 as of November 22, 2024.

What is the market cap of POTOMAC BNCSHS (PTBS)?

The market cap of POTOMAC BNCSHS (PTBS) is approximately 66.3M.

When was Potomac Bancshares, Inc. founded?

Potomac Bancshares, Inc. was founded in 1871.

What services does Bank of Charles Town (BCT) offer?

BCT provides a range of banking products and services, including commercial and residential loans, wealth management, and online banking.

Where are BCT's branch offices located?

BCT's branch offices are situated in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA).

How is Potomac Bancshares, Inc.'s dividend policy?

Potomac Bancshares, Inc. declared a quarterly dividend of $0.12 per share, representing a 20.0% increase from the previous quarter's dividend.

Is Potomac Bancshares, Inc. publicly traded?

Yes, Potomac Bancshares, Inc.'s shares are quoted on the OTC Pink Sheet marketplace under the symbol 'PTBS.'

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POTOMAC BNCSHS INC

OTC:PTBS

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PTBS Stock Data

66.31M
4.14M
5.5%
Banks - Regional
Financial Services
Link
United States of America
Charles Town