Business
POTOMAC BANCSHARES, INC. DECLARES 8% INCREASE TO QUARTERLY CASH DIVIDEND
The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their April Board meeting a quarterly cash dividend of $0.13 per share, an 8% increase from the previous quarter's dividend of $0.12. The dividend is for all shareholders of record on May 1, 2025, and will be paid on May 8, 2025.
About this update from Potomac Bancshares, Inc.
[{"type":"text","content":"CHARLES TOWN, W.Va., April 21, 2025 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their April Board meeting a quarterly cash dividend of $0.13 per share, an 8% increase from the previous quarter's dividend of $0.12. The dividend is for all shareholders of record on May 1, 2025, and will be paid on May 8, 2025.","length":489,"tagName":"p"},{"type":"image","alt":"Visit PTBS Investor Relations site at https://ir.mybct.bank/ (PRNewsfoto/Potomac Bancshares, Inc.)","displaySize":"","headline":null,"caption":"Visit PTBS Investor Relations site at https://ir.mybct.bank/ (PRNewsfoto/Potomac Bancshares, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":86,"url":"https://media.zenfs.com/en/prnewswire.com/74c02d49d3ebe56438d5a1e8e9f49ce6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HcoelklV6s8PRrHt3stWKw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/74c02d49d3ebe56438d5a1e8e9f49ce6","width":400,"height":86}},"href":"https://mma.prnewswire.com/media/832019/Potomac_Bancshares_v1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We are pleased to provide our shareholders an 8% increase in their dividend, from $0.12 to $0.13 per share," stated Alice P. Frazier, President and CEO. "The Board's decision reflects our sustained success and the commitment to delivering shareholder value."","length":283,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"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 $877 million in assets as of December 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 offers commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agr...