POTOMAC BNCSHS INC - PTBS STOCK NEWS

BCT Wealth Advisors, a division of Bank of Charles Town, has appointed Mary C. Szabat, CFP®, as Senior Vice President, Wealth Advisor, for the Virginia/DC Metro market. Ms. Szabat brings over 25 years of experience in financial planning and wealth advisory roles, having previously worked at notable institutions such as Key Private Bank and Tompkins Financial Reporting to Leslie Crabill, EVP and Director of Wealth and Investments, Ms. Szabat will operate from BCT's Loudoun County office. Her appointment aligns with BCT's strategic plans to enhance client service in the DC metro area. Ms. Szabat holds a Master of Science degree from Canisius College and a Bachelor of Arts degree from the State University of New York at Buffalo, and is a Certified Financial Planner™ professional.

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.

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.

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.

BCT-Bank of Charles Town (PTBS) announces Alice Frazier as ICBA Vice Chairman, highlighting her leadership roles and dedication to community banks.

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.

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.

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.

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.