Potomac Bancshares, Inc. Declares Cash Dividend
The Board of Directors of Potomac Bancshares, Inc. (OTC: PTBS), which operates as the bank holding company for Bank of Charles Town, made an important announcement during their recent board meeting. They declared a quarterly cash dividend of $0.13 per share on common stock. This move is designed to reward shareholders and demonstrate the company's financial health and commitment to its investors.
Details of the Dividend Declaration
The dividend will be applicable to all shareholders of record, marking a significant date of October 31. Shareholders can expect to receive the dividend payment on November 6. This declaration signals strong financial performance from Potomac Bancshares, reflecting a proactive approach to distributing earnings to its shareholders.
Background of Potomac Bancshares, Inc.
Founded in 1871, Potomac Bancshares, Inc. has a rich history as the holding company for Bank of Charles Town, commonly referred to as BCT. The bank operates nine branch offices and two loan production facilities across various counties, including Jefferson and Berkeley in West Virginia, Washington in Maryland, and Loudoun and Stafford in Virginia. Under the BCT name, the bank offers a comprehensive suite of financial services.
BCT specializes in a variety of lending products such as commercial lines, residential and commercial construction loans, and government contractor loans. Notably, the bank is recognized as a Small Business Administration Preferred Lender, affirming its dedication to supporting local businesses.
Community Engagement and Recognition
BCT takes pride in its community involvement and the personalized services it offers to customers. For over 70 years, BCT Wealth Advisors has been a trusted partner in financial management, investments, and estate services. The bank is proud to provide convenient banking options, including online and mobile banking, as well as access to over 55,000 ATMs nationwide through the Allpoint network.
The bank’s commitment to excellence has not gone unnoticed. BCT was named a WINNER in the 2025 Loudoun's Favorite readers' poll by LoudounNow in multiple categories. Additionally, it received recognition as a "Best of the Best" in the 2024 Martinsburg Journal-News Readers' Choice Awards.
Industry Recognition
In 2023, BCT was recognized as one of the "Top 200 Community Banks" by American Banker, showcasing its performance among banks with assets under $2 billion. This accolade highlights the bank's strength in community banking and its ongoing commitment to providing value to customers.
Investment Opportunities
For those interested in investing, shares of Potomac Bancshares, Inc. are publicly quoted on the OTCID marketplace under the ticker symbol PTBS. Investors can easily acquire these shares through their personal brokerage accounts, opening up opportunities for long-term investment in a reputable institution with a strong community focus.
Frequently Asked Questions
What is the amount of the declared cash dividend?
The declared cash dividend is $0.13 per share on common stock.
When is the dividend payable?
The dividend is payable on November 6.
How can I invest in Potomac Bancshares, Inc.?
Individuals can purchase shares through their personal broker on the OTCID marketplace under the symbol PTBS.
What services does Bank of Charles Town offer?
The bank provides a wide range of financial services, including various loan products, investments, and trust services through BCT Wealth Advisors.
How long has Potomac Bancshares, Inc. been in operation?
Potomac Bancshares, Inc. has been operating since 1871, making it a long-standing institution in the banking sector.
