Shane Bell Takes on CFO Role at Potomac Bankshares, Inc.
Potomac Bankshares, Inc. (OTC: PTBS), which is also the parent company of BCT - The Community's Bank, recently announced a significant leadership change. M. Shane Bell has been appointed as the Executive Vice President and Chief Financial Officer of the company. He succeeds Dean Cognetti, who recently retired.
Shane Bell's Background and Expertise
Mr. Bell comes to Potomac Bankshares with more than 22 years of extensive banking experience. At BCT, he was instrumental in implementing new accounting standards and establishing robust internal controls over financial reporting. He has adeptly managed liquidity and interest rate risks while developing financial strategies aligned with the bank's expansion into new markets and business acquisitions.
Before stepping into a banking role, Shane worked as a Manager at a reputable accounting firm, Yount, Hyde & Barbour, PC, for eight years. His experience there involved providing audit and tax services to clients in the banking sector, thereby gaining invaluable insights into the financial industry.
Leadership Philosophy and Vision for BCT
Shane Bell is recognized for building strong relationships with colleagues, clients, and community members, emphasizing responsible financial oversight and guidance. Alice P. Frazier, President and CEO of BCT, remarked on Shane's relationship-building skills, stating that he is exceptionally equipped to carry on Dean's legacy.
Community Involvement and Personal Life
Beyond his professional accomplishments, Mr. Bell is a dedicated community member. He is active on the Board of Directors and Finance Committee for Blue Ridge United, a non-profit that facilitates youth soccer for over 1,800 local athletes. Shane's previous service includes roles as the Treasurer for the Board of Trustees of a local church, as well as volunteering for various non-profit organizations that support public school programs.
Residing in the Winchester area, Shane enjoys spending quality time with his family and friends. This balance of professional commitment and community involvement reflects his philosophy of contributing positively to society.
About Potomac Bankshares, Inc.
Founded in 1871, Potomac Bankshares operates through BCT, which is a wholly owned subsidiary. With around $871 million in assets, the bank serves its customers through its main office, eight branch locations, and two loan production offices. BCT’s reach extends across several counties, offering a range of products and services tailored to meet the needs of individual customers, businesses, and local governments.
The bank is well-known for convenient online and mobile banking options, as well as various loan products, helping strengthen its position in the competitive banking landscape.
Recognition and Awards
BCT has earned several accolades, voted as a favorite bank in multiple community polls and recognized as a top-performing community bank by various financial institutions. It has consistently demonstrated its commitment to delivering excellent customer service and effective financial management.
Frequently Asked Questions
Who is Shane Bell?
Shane Bell is the newly appointed Chief Financial Officer of Potomac Bankshares, Inc. with over 22 years of banking experience.
What is Potomac Bankshares, Inc.?
Potomac Bankshares, Inc. is the parent company of BCT, a community bank that provides various banking services and products.
Where does BCT operate?
BCT operates in multiple counties, offering banking solutions to individuals, businesses, and local governments.
What are Shane Bell's qualifications?
Shane holds a CPA license, has a B.S. in Accounting from Frostburg State University, and has completed advanced banking coursework.
What is BCT known for?
BCT is known for its community focus, diverse banking products, and recognition in various financial awards for excellence in service.
