Potomac Bancshares, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of Potomac Bancshares declared a quarterly dividend of $0.08 per share at their October board meeting. This dividend will be distributed to shareholders of record on November 2, 2021, with a payment date set for November 9, 2021. Potomac Bancshares, the parent company of Bank of Charles Town (BCT), reported approximately $672 million in assets as of June 30, 2021, and has a history of over 150 years in service. The bank aims to provide various banking products, including loans and wealth management services.

Positive

• Quarterly dividend of $0.08 enhances shareholder returns.
• Company's asset base of $672 million indicates strong financial positioning.
• 150 years of service highlights stability and experience.

Negative

• None.

CHARLES TOWN, W.Va., Oct. 21, 2021 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.  The dividend is for all shareholders of record on November 2, 2021 and will be paid on November 9, 2021.   

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 $672 million in assets as of June 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 and 2020, 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 dividend amount declared by Potomac Bancshares for October 2021?

The declared dividend amount is $0.08 per share.

When is the Potomac Bancshares dividend payment date?

The dividend payment date is November 9, 2021.

Who will receive the Potomac Bancshares dividend?

Shareholders of record on November 2, 2021, will receive the dividend.

What are the total assets of Potomac Bancshares as of June 30, 2021?

Potomac Bancshares reported approximately $672 million in assets.