POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), has announced a quarterly dividend declaration. The Board of Directors made this decision during their October meeting. Shareholders of record on November 1, 2024, will receive a dividend of $0.12 per share, which is scheduled for payment on November 8, 2024. BCT, also known as The Community's Bank, continues its tradition of providing returns to its shareholders through this quarterly dividend payout.

Positive

• Consistent dividend payout indicates financial stability
• Quarterly dividend of $0.12 per share provides income for shareholders

Negative

• None.

CHARLES TOWN, W.Va., Oct. 17, 2024 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their October Board meeting a quarterly dividend of $0.12 per share. The dividend is for all shareholders of record on November 1, 2024, and will be paid on November 8, 2024.

About the Company

Founded in 1871, 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 $832 million in assets as of June 30, 2024, 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  another approximately 675 free access ATMs through another partnership.  The Bank provides convenient online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agricultural loans, and government contractor loans. The Bank is also a Small Business Administration (SBA) Preferred Lender. 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 70 years, BCT Wealth Advisors has provided trust services, growing into a premier financial management, investments, and estate services provider.  BCT was voted WINNER in the LoudounNow 2024 Loudoun's Favorites readers' poll in four categories:  Bank, Mortgage Company, Banker, and Financial Planner. In 2023, American Banker selected BCT as a "Top 200 Community Bank," an annual listing of the best performing banks in the United States with assets under $2 billion. BCT was voted a "Best of the Best" winner in the 2023 Journal-News Readers' Choice Awards in four categories: Bank, Mortgage Company, Loan Services, and Financial Planning.  In 2023, 2021, 2020, and 2019 the Bank was named a "Best Bank To Work For" by American Banker.

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 (PTBS) for Q4 2024?

Potomac Bancshares (PTBS) has declared a quarterly dividend of $0.12 per share for Q4 2024.

When will Potomac Bancshares (PTBS) pay its Q4 2024 dividend?

Potomac Bancshares (PTBS) will pay its Q4 2024 dividend on November 8, 2024.

What is the record date for Potomac Bancshares' (PTBS) Q4 2024 dividend?

The record date for Potomac Bancshares' (PTBS) Q4 2024 dividend is November 1, 2024.

How often does Potomac Bancshares (PTBS) pay dividends?

Based on the press release, Potomac Bancshares (PTBS) pays dividends quarterly.