Potomac Bank Awards $278,800 in College Scholarships to Local High School Students

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Potomac Bank (OTC: PTBS), through its Trust and Wealth division, awarded $278,800 in college scholarships to local high school students, acting as Trustee for multiple named funds.

According to Potomac Bank, awards include the annual Robert “Bob” F. Baronner Jr. scholarship of $10,000 over four years, two Robert W. McCormick scholarships of $80,000 each, the Paul & Margaret Dorsey Music scholarship of $3,000, several Tom Mentzer $250 one-time awards, the S. Katherine Boxwell & Edwin P. Churchill scholarships totaling $88,000 with multi‑year annual payments, the Leo & Alma Rodgers scholarships at $750 per year, and the Thelma A. Pearl one-time $10,000 scholarship.

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CHARLES TOWN, W.Va., July 21, 2026 /PRNewswire/ -- (OTCID: PTBS) – Potomac Bank Trust and Wealth, a division of Potomac Bank, recently announced awards for the following scholarships: Robert "Bob" F. Baronner, Jr. Scholarship, Robert W. McCormick Scholarships, Thelma A. Pearl Scholarship, Paul & Margaret Dorsey Music Scholarship, Tom Mentzer Scholarships, Leo & Alma Rodgers Scholarships, and S. Katherine Boxwell & Edwin P. Churchill Scholarships. As Trustee for the scholarships, Potomac Bank Trust and Wealth awarded $278,800 to local high school students to attend college.

The annual Robert "Bob" F. Baronner Jr. Scholarship was awarded to Annika Feagans of Jefferson High School, in the amount of $10,000, or $2,500 for 4 years. Annika plans on attending Shepherd University. This scholarship was established in memory of a former Bank of Charles Town (renamed Potomac Bank in 2025) President and has awarded $90,000 to local students seeking higher educations.

"It is a privilege for our Trust division to administer these scholarship funds and help invest in the next generation of leaders," said Alice P. Frazier, President and CEO of Potomac Bank. "The dedication, character, and achievements demonstrated by these students inspire confidence in the future of our communities."

Two students were selected to receive the prestigious Robert W. McCormick Scholarship:

• Sayumi S. Rambukkanage – Jefferson High School/Shepherd University/$80,000
• Scarlett E. Stone – Washington High School/WVU/$80,000

Paul & Margaret Dorsey Music Scholarship:
$3,000 (one-time amount)

• Lucie Mitchell – Jefferson High School/Wilkes University

Tom Mentzer Scholarship:
$250 to each recipient (one-time amount)

• Delanie Graham/Jefferson High School/University of Alabama
• Madison Meador/Jefferson High School/Blue Ridge CTC
• Scott Leonard/Jefferson High School/Massachusetts Institute of Technology
• Ava Deblois/Washington High School/Potomac State College
• Carter Hillman/Washington High School/Shepherd University
• Deklan Deblois/Washington High School/Potomac State College

S. Katherine Boxwell & Edwin P. Churchill Scholarship:
Total $88,000

• Keandra Cochran – Hedgesville High School/$7,000annually for 4 years/Savannah College of Arts and Design
• Aubrey Fisher – Keyser High School/$4,000 annually for 4 years/Potomac State College
• Marcus Cremann – Moorefield High School/$4,000annually for 4 years/WVU
• Eva Palmer – Jefferson High School/$7,000 annually for 4 years/Shepherd University

Leo & Alma Rodgers Scholarship:
$750 to each recipient (per year)

• Ava Chicchirichi – Washington High School – WVU
• Delanie Graham – Jefferson High School – WVU

Thelma A. Pearl Scholarship:
$10,000 to recipient (one-time payment)

• Addison Cosper – Jefferson High School - WVU

About Potomac Bank

Potomac Bank, a wholly owned subsidiary of Potomac Bancshares, Inc., was founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025. The Company's total assets were $976 million as of March 31, 2026. The Bank conducts operations through its nine-branch network and one loan production office serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia. The Bank offers comprehensive financial solutions through its consumer and commercial banking divisions, Trust, Wealth, and BCT Investments divisions, and its Residential Lending mortgage division. The Bank is also proud to serve its communities as a Small Business Administration (SBA) Preferred Lender. Over the past several years, the Bank has received numerous awards and recognitions, including American Banker's "Top 200 Community Banks" and "Best Banks to Work For", the Journal-News "Best of the Best" award, and the LoudounNow "Loudoun's Favorite" award. 

The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." For more information about the Bank, please visit our website at www.potomac.bank.

Media Contact
Bryan D. Decker
SVP, Director of Marketing and Communications
bdecker@potomac.bank

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SOURCE Potomac Bank

FAQ

How much scholarship money did Potomac Bank (OTC: PTBS) award to students in 2026?

Potomac Bank awarded $278,800 in scholarships to local high school students in 2026. According to Potomac Bank, its Trust and Wealth division administered several named scholarship funds to support students attending regional colleges and universities over multi‑year and one‑time awards.

What is the value and structure of the Robert W. McCormick Scholarships from Potomac Bank (PTBS)?

Each Robert W. McCormick Scholarship is valued at $80,000 per student. According to Potomac Bank, two students, Sayumi S. Rambukkanage and Scarlett E. Stone, received these awards to attend Shepherd University and West Virginia University, respectively, providing substantial multi‑year financial support for their college education.

How much is the Robert "Bob" F. Baronner Jr. Scholarship from Potomac Bank PTBS, and who received it in 2026?

The Robert "Bob" F. Baronner Jr. Scholarship provides $10,000, paid as $2,500 annually for four years. According to Potomac Bank, the 2026 recipient is Annika Feagans of Jefferson High School, who plans to attend Shepherd University; the fund has awarded $90,000 historically.

What are the details of the S. Katherine Boxwell & Edwin P. Churchill Scholarships announced by Potomac Bank (PTBS)?

The S. Katherine Boxwell & Edwin P. Churchill Scholarships total $88,000 across multiple students. According to Potomac Bank, recipients receive annual awards over four years, with amounts such as $7,000 or $4,000 per year, supporting attendance at institutions including Savannah College of Art and Design and Shepherd University.

Which other scholarships did Potomac Bank (OTC: PTBS) award besides Baronner and McCormick in 2026?

Potomac Bank also awarded the Paul & Margaret Dorsey Music $3,000 scholarship, Tom Mentzer $250 one‑time scholarships, Leo & Alma Rodgers $750‑per‑year scholarships, and the Thelma A. Pearl one‑time $10,000 scholarship. According to Potomac Bank, these support students at several high schools and colleges.

Which colleges are attended by 2026 Potomac Bank (PTBS) scholarship recipients?

Recipients are attending institutions including Shepherd University, West Virginia University, Savannah College of Art and Design, Wilkes University, University of Alabama, Blue Ridge CTC, Potomac State College, and Massachusetts Institute of Technology. According to Potomac Bank, awards span a diverse range of higher‑education paths.