POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Potomac Bancshares, Inc. (OTC:PTBS), the holding company for Bank of Charles Town (BCT), has announced a quarterly dividend of $0.12 per share. This decision was made by the Board of Directors at their July meeting. The dividend will be paid on August 12, 2024, to shareholders of record as of August 5, 2024. BCT, also known as The Community's Bank, continues its tradition of rewarding shareholders through consistent dividend payments.

Positive

• Consistent dividend payment indicates financial stability
• Quarterly dividend of $0.12 per share provides income for shareholders

Negative

• None.

News Market Reaction – PTBS

-4.08%

-4.08% Session move

In the trading session that priced this news, PTBS declined 4.08%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CHARLES TOWN, W.Va., July 18, 2024 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their July Board meeting a quarterly dividend of $0.12 per share.  The dividend is for all shareholders of record on August 5, 2024, and will be paid on August 12, 2024.

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 $855 million in assets as of March 31, 2024, 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  another approximately 675 free access ATMs through another partnership.  The Bank provides convenient online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agricultural loans, and government contractor loans.  The Bank is also a Small Business Administration (SBA) Preferred Lender.  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 70 years, BCT Wealth Advisors has provided trust services, growing into a premier financial management, investments, and estate services provider.  In 2023, American Banker selected BCT as a "Top 200 Community Bank," an annual listing of the best performing banks in the United States with assets under $2 billion.  BCT was voted a "Best of the Best" winner in the 2023 Journal-News Readers' Choice Awards in four categories:  Bank, Mortgage Company, Loan Services, and Financial Planning.  In 2023, 2021, 2020, and 2019 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 declared by Potomac Bancshares (PTBS) for Q3 2024?

Potomac Bancshares (PTBS) has declared a quarterly dividend of $0.12 per share for Q3 2024.

When will Potomac Bancshares (PTBS) pay its latest quarterly dividend?

Potomac Bancshares (PTBS) will pay its latest quarterly dividend on August 12, 2024.

What is the record date for Potomac Bancshares' (PTBS) Q3 2024 dividend?

The record date for Potomac Bancshares' (PTBS) Q3 2024 dividend is August 5, 2024.

How often does Potomac Bancshares (PTBS) pay dividends?

Based on the announcement of a quarterly dividend, Potomac Bancshares (PTBS) appears to pay dividends on a quarterly basis.