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. (PTBS) is the holding company for Potomac Bank, a long-established community bank founded in 1871 as Bank of Charles Town. The PTBS news feed on Stock Titan aggregates company-issued press releases and third-party coverage related to its commercial banking, residential lending, trust and wealth services, and corporate activities across West Virginia, Maryland, and Virginia.
Investors and followers of PTBS can use this page to review news about earnings results, dividend declarations, and capital actions such as stock repurchase authorizations. The company regularly reports quarterly financial performance, including net income, return on assets, return on equity, and asset quality metrics, providing insight into its community banking operations and balance sheet trends.
News items also highlight strategic developments at the bank level, including the transition from the Bank of Charles Town and BCT branding to the unified Potomac Bank name, as well as expansion and activity in key regional markets. Coverage includes updates on the SBA Preferred Lender program, commercial and mortgage lending activity, and the work of the Trust and Wealth division serving business owners, families, and individuals.
In addition, the PTBS news stream features governance and leadership updates, such as appointments to the Board of Directors and senior roles within Trust and Wealth, and community engagement stories involving the BCTCares Foundation and local recognition through readers’ polls like Loudoun’s Favorite and Best of the Best. Users can return to this page to monitor new announcements that may be relevant to understanding Potomac Bancshares’ operations, regional presence, and shareholder-related decisions.
BCT Wealth Advisors, a division of Bank of Charles Town, has appointed Mary C. Szabat, CFP®, as Senior Vice President, Wealth Advisor, for the Virginia/DC Metro market. Ms. Szabat brings over 25 years of experience in financial planning and wealth advisory roles, having previously worked at notable institutions such as Key Private Bank and Tompkins Financial Reporting to Leslie Crabill, EVP and Director of Wealth and Investments, Ms. Szabat will operate from BCT's Loudoun County office. Her appointment aligns with BCT's strategic plans to enhance client service in the DC metro area. Ms. Szabat holds a Master of Science degree from Canisius College and a Bachelor of Arts degree from the State University of New York at Buffalo, and is a Certified Financial Planner™ professional.
Potomac Bancshares, Inc. reported its 2024 first-quarter results, showing a decrease in earnings compared to the previous year due to a loss on sales of securities. Despite slower loan and deposit growth, the company remains focused on operational improvements and strategic initiatives. Total assets and deposits increased, while net interest income slightly decreased. Loan and deposit growth were notable, with improvements in the company's leverage capital ratio and tangible equity ratio. However, non-interest income was down, and expenses increased, primarily due to investments in training and technology. The company announced a 20% increase in dividends, reflecting its commitment to growth.
BCT-Bank of Charles Town promoted Leslie Crabill to Executive Vice President of BCT Wealth and Investments Division. With over 25 years of experience, Leslie will lead the division's strategic expansion and client service in Virginia. She holds various securities and insurance licenses, and is actively involved in community service.
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