POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS) announced a quarterly dividend of $0.09 per share during its October meeting. This dividend applies to all shareholders of record on November 2, 2022, with the payment scheduled for November 9, 2022. As of June 30, 2022, the company reported approximately $739 million in assets and operates through Bank of Charles Town, serving multiple locations in West Virginia, Maryland, and Virginia.

Positive

• Quarterly dividend of $0.09 per share boosts shareholder income.
• Company maintains a solid asset base of approximately $739 million.

Negative

• None.

CHARLES TOWN, W.Va., Oct. 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their October Board meeting a quarterly dividend of $0.09 per share.  The dividend is for all shareholders of record on November 2, 2022 and will be paid on November 9, 2022.   

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 $739 million in assets as of June 30, 2022, 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 65 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 dividend amount declared by PTBS?

Potomac Bancshares, Inc. declared a quarterly dividend of $0.09 per share.

When is the dividend payment date for PTBS?

The dividend will be paid on November 9, 2022.

Who is eligible for the PTBS dividend?

All shareholders of record on November 2, 2022, are eligible for the dividend.

What are the total assets of Potomac Bancshares as of June 30, 2022?

As of June 30, 2022, Potomac Bancshares reported approximately $739 million in assets.