POTOMAC BANCSHARES, INC. DECLARES DIVIDEND

Rhea-AI Summary

Potomac Bancshares, Inc. (OTC: PTBS) declared a quarterly dividend of $0.08 per share during its January board meeting. This dividend is applicable to shareholders recorded on February 3, 2022, and will be paid on February 10, 2022. As of September 30, 2021, the bank held approximately $701 million in assets, operating through nine branches and offering diverse banking services, including commercial and residential loans. BCT has received accolades as a top workplace and as a leading bank in Maryland.

Positive

• Quarterly dividend declared at $0.08 per share.
• Dividend payment date is set for February 10, 2022.
• Strong asset base of approximately $701 million.
• Recognition as a 'Best Bank To Work For' by American Banker.

Negative

• None.

CHARLES TOWN, W.Va., Jan. 20, 2022 /PRNewswire/ -- (OTC:PTBS) – The Board of Directors of Potomac Bancshares, Inc., the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their January board meeting.  The dividend is for all shareholders of record on February 3, 2022 and will be paid on February 10, 2022.   

About the Company

Founded in 1871 and celebrating their 150^th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $701 million in assets as of September 30, 2021, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices.  BCT's offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® network plus online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction, commercial real estate loans and agricultural loans. The Residential Lending division offers secondary market and portfolio mortgage loans, one-time close construction to perm loans, as well as home equity loans and lines of credit. For over 60 years, BCT Wealth Advisors has provided financial management, investment, trust, and estate services to its clients. In 2019, 2020, and 2021 the Bank was named a "Best Bank To Work For" by American Banker.  In 2018, Forbes named BCT a "Best In State Bank" for Maryland.

The Company's shares are quoted on the OTC Pink Sheet marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.

 

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SOURCE Potomac Bancshares, Inc.

FAQ

What is the quarterly dividend amount declared by Potomac Bancshares?

Potomac Bancshares declared a quarterly dividend of $0.08 per share.

When is the dividend payment date for Potomac Bancshares?

The dividend payment date is February 10, 2022.

Who is eligible to receive the dividend from Potomac Bancshares?

Shareholders of record on February 3, 2022, are eligible to receive the dividend.

What are the key services offered by Potomac Bancshares?

Potomac Bancshares offers various banking products, including commercial and residential loans, investment services, and online banking.