POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

After over 65 years of service, BCT Wealth Advisors provides clients with financial management, investment, trust, and estate services.

Positive

• Declared a quarterly dividend of $0.09 per share, reflecting shareholder income.
• Company assets are approximately $771 million, indicating stability and growth potential.

Negative

• None.

CHARLES TOWN, W.Va., Jan. 19, 2023 /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 January Board meeting a quarterly dividend of $0.09 per share.  The dividend is for all shareholders of record on February 3, 2023 and will be paid on February 10, 2023.   

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 $771 million in assets as of September 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 Potomac Bancshares (PTBS)?

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

When will the dividend for PTBS be paid?

The dividend will be paid on February 10, 2023.

When is the record date for the PTBS dividend?

The record date for the PTBS dividend is February 3, 2023.

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

Potomac Bancshares has approximately $771 million in assets as of September 30, 2022.

What banking services does Potomac Bancshares offer?

Potomac Bancshares offers various banking products, including loans, online banking, and access to over 55,000 ATMs.