POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Potomac Bancshares, Inc. (OTC:PTBS) has announced a quarterly dividend of $0.09 per share, declared during the April Board meeting. This dividend will benefit all shareholders on record by May 3, 2023, with a payment date set for May 10, 2023. Founded in 1871, the Bank of Charles Town, a subsidiary of Potomac Bancshares, holds approximately $756 million in assets as of December 31, 2022. With multiple branches and a comprehensive range of banking services, including access to over 55,000 ATMs and various loan products, BCT has been recognized for its service excellence, winning multiple awards in recent years. This dividend declaration reflects the Company’s commitment to providing income to its shareholders while maintaining a strong financial position.

Positive

• Declared a quarterly dividend of $0.09 per share.
• Dividend payment scheduled for May 10, 2023, benefiting shareholders.
• Company holds approximately $756 million in assets.

Negative

• None.

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CHARLES TOWN, W.Va., April 20, 2023 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their April Board meeting a quarterly dividend of $0.09 per share. The dividend is for all shareholders of record on May 3, 2023 and will be paid on May 10, 2023.

About the Company

Founded in 1871, 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 $756 million in assets as of December 31, 2022, 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 65 years, BCT Wealth Advisors has provided financial management, investment, trust, and estate services to its clients. BCT was voted "Best of the Best" winner in the 2022 Journal-News Readers' Choice Awards in three categories: Bank, Loan Services, and Financial Planning. In 2019, 2020, and 2021 the Bank was named a "Best Bank To Work For" by American Banker.

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.

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SOURCE Potomac Bancshares, Inc.

FAQ

What is the dividend amount for Potomac Bancshares, Inc. (PTBS) in 2023?

The dividend amount declared is $0.09 per share.

When is the dividend payment date for Potomac Bancshares, Inc.?

The dividend is scheduled to be paid on May 10, 2023.

Who is eligible for the dividend from Potomac Bancshares, Inc.?

All shareholders of record as of May 3, 2023, are eligible for the dividend.

What financial position does Potomac Bancshares, Inc. hold as of December 2022?

The Company has approximately $756 million in assets.