Welcome to our dedicated page for Potomac Bancshares news (Ticker: PTBS), a resource for investors and traders seeking the latest updates and insights on Potomac Bancshares stock.
Potomac Bancshares, Inc. reports developments tied to its role as the bank holding company for Potomac Bank, a community bank serving markets in West Virginia, Maryland and Northern Virginia. Recurring updates cover quarterly earnings, net interest margin trends, loan and deposit activity, common-stock dividends, and branch or market expansion.
Company news also highlights Potomac Bank's commercial banking, treasury management, commercial real estate lending, residential mortgage, trust, wealth and investment services. Leadership appointments, banker hires, community partnerships and the bank's history from Bank of Charles Town to Potomac Bank are recurring parts of its public-company profile.
BCT-Bank of Charles Town (OTC: PTBS) announced the appointment of Frank Donadio as the new Branch Manager for its Harpers Ferry location. With over 13 years in financial services, including roles at PNC and Citibank, Donadio will oversee customer experience initiatives. BCT, founded in 1871, has approximately $672 million in assets and operates across several counties in West Virginia and Maryland, offering diverse banking services. The bank aims to enhance customer satisfaction under Donadio's leadership.
Potomac Bancshares, Inc. (OTC: PTBS) announced its participation in the Boenning & Scattergood investor forum on September 27, 2021. The company, which operates the Bank of Charles Town, has approximately $672 million in assets as of June 30, 2021, and provides a variety of banking services including ATMs access and online banking. Founded in 1871, Potomac Bancshares celebrates its 150th anniversary this year. Stakeholders can access the presentation on their Investor Relations website.
BCT - Bank of Charles Town (OTC:PTBS) has announced the successful completion of its "Pack the 'Pack" fundraising campaign, which raised $43,000 to provide 8,600 backpacks filled with food for local food-insecure school children. The campaign ran from July to August 2021, and the funds will be distributed through local backpack program charities. President Alice Frazier expressed pride in the community's support, noting that contributions exceeded initial goals. The initiative highlights the bank's commitment to addressing food insecurity in its service areas.
BCT - Bank of Charles Town has appointed Kaitlin Frisbie as the new Branch Manager for its Hedgesville, West Virginia office, effective August 17, 2021. Frisbie, who has over six years of banking experience, aims to enhance customer experiences and staff management at the full-service branch. Previously, she worked as Banking Center Operations Manager and Customer Service Representative. BCT is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS) with approximately $672 million in assets as of June 30, 2021, serving several counties in WV, MD, and VA.
BCT - Bank of Charles Town (OTC:PTBS) has promoted Elizabeth Hoffmaster to Branch Manager of its Kearneysville, West Virginia office. Hoffmaster, who has over six years of banking experience, previously served as a Universal Banker at BCT's Leesburg office. She is committed to enhancing customer experiences and will oversee the branch staff at the drive-through location. As of June 30, 2021, BCT holds approximately $672 million in assets and operates several branches across West Virginia, Maryland, and Virginia. The bank is recognized for its diverse banking services.
POTOMAC BANCSHARES, INC. (OTC: PTBS) reported a strong financial performance for Q2 2021, with net income of $1.732 million or $0.42 per share, a notable increase from $0.20 per share in Q2 2020. Total assets rose by 10.7% to $672 million, and loans grew 8.5% to $516.2 million. The company experienced a 12% increase in total deposits, amounting to $601.1 million. ROA improved to 1.04%, and ROE was 12.28%. A $0.08 per share dividend was declared, payable on August 11, 2021, reflecting continued commitment to shareholder value.
Potomac Bancshares, Inc. (OTC:PTBS) has declared a quarterly dividend of $0.08 per share, payable on August 11, 2021, to shareholders of record as of August 4, 2021. The announcement was made during the board meeting held on July 21, 2021. This dividend reflects the company's ongoing commitment to returning value to its shareholders as it celebrates 150 years of service. As of March 31, 2020, the bank reported approximately $661 million in assets and operates multiple branches across various counties.
BCT Investments, a division of Bank of Charles Town, announced the addition of three experienced investment representatives, enhancing their wealth management services. The new team members include Dave Neterer, Ken Smith, and Evan Vink. With over 27 and 26 years of financial services experience respectively, their expertise aims to improve client engagement and investment strategies. This expansion is expected to provide greater access to knowledgeable financial advice for clients across D.C., Maryland, Virginia, and West Virginia.
BCT - Bank of Charles Town (OTC:PTBS) has launched a fundraising initiative named "Pack the 'Pack" to support local food programs for food-insecure children, aiming to fill 5,000 take-home backpacks. The campaign runs from July 1, 2021, to August 31, 2021, accepting donations both at branches and online. $5 will provide food for one child. BCTCares partners with local charities to purchase and distribute food. Founded in 1871, BCT manages approximately $661 million in assets and provides a variety of banking services.
BCT-Bank of Charles Town (OTC: PTBS) has appointed Susan Mitchell to its Advisory Board for Loudoun County, Virginia. The board, consisting of local leaders, aims to provide strategic insights focusing on the region's markets. Mitchell, co-founder of Guardians of Honor, brings over 20 years of experience in grants management and consulting. Her government sector connections are expected to enhance BCT's government contracting business. BCT operates with $661 million in assets and offers various banking products across several states.