Potomac Bancshares Inc Stock Price, News & Analysis

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.

BCT-Bank of Charles Town (OTC:PTBS) has expanded its commercial lending operations by appointing a new team dedicated to Small Business Administration (SBA) lending programs. The team, comprised of experienced professionals from Sonabank, includes Michelle R. Douglas, Teri L. Tosti, and Kate Ryan. This initiative aims to enhance BCT's capabilities in serving small businesses across DC, Maryland, Virginia, and West Virginia. The new SBA lending offerings will support various financing solutions including loans up to $5 million.

Potomac Bancshares (OTC: PTBS) reported Q1 2021 earnings of $1.778 million ($0.43/share), up 147.3% from $0.719 million ($0.17/share) in Q1 2020. Total assets grew 22.3% to $661.4 million, with loans increasing by 19.4% to $499.8 million. Deposits rose by 25.2% to $591.5 million. The net interest margin decreased to 3.22% from 3.41% YoY. Non-interest income increased by 24.1% to $1.6 million. The company declared a $0.08/share dividend, an increase of 14.3%. The allowance for loan losses was 1.08%, indicating caution amid ongoing economic challenges.

Potomac Bancshares, Inc. (OTC: PTBS) has declared a quarterly dividend of $0.08 per share, marking a 14.3% increase from the previous $0.07 dividend. This dividend will be available to shareholders recorded on May 4, 2021, and paid on May 11, 2021. The company highlights strong growth in balance sheet and profitability over the past year. With around $621 million in assets as of December 31, 2020, Potomac Bancshares remains committed to serving its customers and communities.