Potomac Bancshares, Inc. Declares Dividend

Rhea-AI Summary

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.

Positive

• Declared quarterly dividend of $0.08 per share, reinforcing shareholder value.
• Celebrating 150 years of service, indicating long-term stability and experience.
• Reported assets of approximately $661 million, reflecting a stable financial position.

Negative

• None.

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, PTBS declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLES TOWN, W.Va., July 21, 2021 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their July board meeting. The dividend is for all shareholders of record on August 4, 2021 and will be paid on August 11, 2021.

About the Company

Founded in 1871 and celebrating their 150th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $661 million in assets as of March 31, 2020, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices. BCT's offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® network plus online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction, commercial real estate loans and agricultural loans. The Residential Lending division offers secondary market and portfolio mortgage loans, one-time close construction to perm loans, as well as home equity loans and lines of credit. For over 60 years, BCT Wealth Advisors has provided financial management, investment, trust, and estate services to its clients. In 2019 and 2020, the Bank was named a "Best Bank To Work For" by American Banker. In 2018, Forbes named BCT a "Best In State Bank" for Maryland.

The Company's shares are quoted on the OTC Pink Sheet marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.

View original content to download multimedia:https://www.prnewswire.com/news-releases/potomac-bancshares-inc-declares-dividend-301338930.html

SOURCE Potomac Bancshares, Inc.

FAQ

What is the dividend amount declared by Potomac Bancshares, Inc. on July 21, 2021?

Potomac Bancshares, Inc. declared a quarterly dividend of $0.08 per share.

When is the dividend payable to shareholders for Potomac Bancshares, Inc.?

The dividend will be paid on August 11, 2021, to shareholders of record on August 4, 2021.

What are the total assets of Potomac Bancshares, Inc. as of March 31, 2020?

As of March 31, 2020, Potomac Bancshares, Inc. reported approximately $661 million in assets.

What is the significance of Potomac Bancshares, Inc.'s 150th anniversary?

The 150th anniversary signifies the company's long-standing presence and stability in the banking industry.