POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Potomac Bancshares, Inc. (OTC:PTBS) announced a quarterly dividend of $0.09 per share during its July Board meeting. This dividend will be available to all shareholders on record as of August 4, 2022, and is set to be paid on August 11, 2022. The company, which operates the Bank of Charles Town, reported approximately $719 million in assets as of March 31, 2022, and continues to provide a range of financial services across various locations.

Positive

• Declared a quarterly dividend of $0.09 per share, indicating strong cash flow.
• Company asset base of approximately $719 million as of March 31, 2022, showcasing financial stability.

Negative

• None.

CHARLES TOWN, W.V., July 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 July Board meeting a quarterly dividend of $0.09 per share.  The dividend is for all shareholders of record on August 4, 2022 and will be paid on August 11, 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 $719 million in assets as of March 31, 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) for 2022?

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

When will Potomac Bancshares (PTBS) pay the declared dividend?

The dividend will be paid on August 11, 2022.

Who is eligible to receive the dividend from Potomac Bancshares (PTBS)?

All shareholders on record as of August 4, 2022, are eligible to receive the dividend.

What are the total assets of Potomac Bancshares (PTBS) as of March 31, 2022?

Potomac Bancshares reported total assets of approximately $719 million as of March 31, 2022.

What services does Potomac Bancshares (PTBS) provide?

Potomac Bancshares offers a range of banking products and services, including online banking, loans, and wealth management.