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Potomac Bancshares, Inc. - PTBS STOCK NEWS

Welcome to our dedicated news page for Potomac Bancshares (Ticker: PTBS), a resource for investors and traders seeking the latest updates and insights on Potomac Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Potomac Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Potomac Bancshares's position in the market.

News
POTOMAC BANCSHARES, INC. DECLARES 20% INCREASE TO QUARTERLY DIVIDEND
Rhea-AI Summary
Potomac Bancshares, Inc. (PTBS) declared a 20% increase in their quarterly dividend to $0.12 per share, up from $0.10, reflecting the company's successful execution of strategic growth goals. The dividend is payable to shareholders of record on May 3, 2024, and will be distributed on May 10, 2024.
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BCT-Bank of Charles Town Announces Alice Frazier Elected as Vice Chairman of ICBA
Rhea-AI Summary
BCT-Bank of Charles Town (PTBS) announces Alice Frazier as ICBA Vice Chairman, highlighting her leadership roles and dedication to community banks.
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POTOMAC BANCSHARES, INC. REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS
Rhea-AI Summary
Potomac Bancshares, Inc. (PTBS) reported a net income of $7.264 million for the full year 2023, with a ROA of 0.91% and ROE of 11.59%. The company experienced a 9.9% increase in total assets, a 7.2% increase in net interest income, and a 2.74% increase in pre-tax pre-provision net income. However, it was impacted by pre-tax losses on sales of securities. The company also announced a quarterly dividend of $0.10 per share.
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POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND
Rhea-AI Summary
Potomac Bancshares, Inc. (PTBS) announced a quarterly dividend of $0.10 per share for all shareholders of record on February 2, 2024, to be paid on February 9, 2024.
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BCT-Bank of Charles Town Voted 2023 "Best of the Best" for Bank, Mortgage Company, Loan Service, and Financial Planning by Journal-News Readers
Rhea-AI Summary
BCT-Bank of Charles Town (BCT) has been honored with the 2023 Best of the Best Readers' Choice Awards in four financial services categories: Bank, Mortgage Company, Loan Service, and Financial Planning/Service Company. The awards, presented by the Martinsburg Journal-News, reflect the community's trust and recognition of BCT as their most trusted financial partner in the Eastern Panhandle. President and CEO Alice P. Frazier expressed pride in the BCT Team and gratitude towards their clients and community for this significant honor.
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Erik Seppala Joins the SBA Lending Team for BCT-The Community's Bank
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BCT-The Community's Bank (OTC:PTBS) recently appointed Erik Seppala as Vice President and Relationship Manager for BCT's Small Business Administration (SBA) lending team. Mr. Seppala brings over 20 years of banking experience to BCT, focusing on SBA and traditional commercial lending in Northern Virginia, Maryland, and West Virginia. His expertise will enhance BCT's ability to provide the best loan products and services in their markets.
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BCT-Bank of Charles Town Named A "Best Bank To Work For" for a Fourth Time by American Banker
Rhea-AI Summary
OTC:PTBS - BCT-Bank of Charles Town Named One of the Best Banks to Work For in 2023 - The Community's Bank, BCT, has been recognized as one of the Best Banks to Work For in 2023, marking the fourth year of this achievement. The program, initiated by American Banker and Best Companies Group, identifies and honors U.S. banks for outstanding employee satisfaction. The ranking is determined through employee surveys and a review of workplace policies and benefits. President and CEO, Alice P. Frazier, expressed delight at the recognition and emphasized the meaningfulness of the team members' confidence in BCT as a great place to work. The program is open to various chartered retail financial institutions with at least 50 employees in the United States.
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BCT Expands Government Contractor Banking Services with Appointment of Christopher Turley
Rhea-AI Summary
PTBS - BCT-The Community's Bank Appoints Christopher Turley as Senior VP and Director of Government Lending
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POTOMAC BANCSHARES, INC. REPORTS 2023 THIRD QUARTER RESULTS
Rhea-AI Summary
Potomac Bancshares, Inc. (OTC: PTBS) reported earnings of $1.729 million or $0.42 per share for Q3 2023, compared to $2.084 million or $0.50 per share in Q3 2022. Net income for the first nine months of 2023 was $5.554 million or $1.34 per share, a 7.8% increase from the same period in 2022. Total assets were $809.6 million, up 4.8% from Q3 2022. Loan growth of $52.3 million was driven by commercial, mortgage, and home equity lines. Non-interest income increased by 9.2% compared to Q3 2022. The company declared a quarterly dividend of $0.10 per share.
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BCTCares Foundation Raises $65,000 To Feed Local Food-Insecure Children Through Annual Pack the 'Pack Campaign
Rhea-AI Summary
The BCTCares Foundation, founded by the employees of BCT-Bank of Charles Town, raised $65,000 through its annual Pack The 'Pack program. The donation of $16,250 to each of the four partner charities will provide funding for approximately 5,600 take-home backpacks filled with enough food for two days. The fundraising effort took place from July 1, 2023, through August 31, 2023, and involved clients, vendors, employees, and the community.
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Potomac Bancshares, Inc.

OTC:PTBS

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PTBS Stock Data

60.10M
3.93M
5.27%
Commercial Banking
Finance and Insurance
Link
United States
Charles Town