Business
Potomac Bankshares, Inc. and BCT-Bank of Charles Town Announce Shane Bell as Chief Financial Officer
Potomac Bankshares, Inc. and BCT-Bank of Charles Town Announce Shane Bell as Chief Financial Officer.
About this update from Potomac Bancshares, Inc.
[{"type":"text","content":"\n\n\n\nPotomac Bankshares, Inc. and BCT-Bank of Charles Town Announce Shane Bell as Chief Financial Officer\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPotomac Bankshares, Inc. and BCT-Bank of Charles Town Announce Shane Bell as Chief Financial Officer\nPR Newswire\nCHARLES TOWN, W.Va., Dec. 4, 2024\n\n\n\nCHARLES TOWN, W.Va., Dec. 4, 2024 /PRNewswire/ -- (OTC: PTBS) – Potomac Bankshares, Inc. (the \"Company\"), the parent company of Bank of Charles Town (the \"Bank\"), also known as BCT-The Community's Bank, today announced the appointment of M. Shane Bell as Executive Vice President and Chief Financial Officer. Mr. Bell joins the Company following the recent retirement of Dean Cognetti, the former Executive Vice President and CFO. As a member of the executive team, Mr. Bell will oversee the financial activities of the Company and the Bank. His duties will include financial planning and accountability in support of the Company's strategic efforts, capital and enterprise risk management, and investor relations.\n\n \n \n \n \n \n \n\n \nMr. Bell brings more than 22 years of banking experience to BCT where he was responsible for implementation of new accounting standards, designed and implemented internal controls over financial reporting, managed interest rate and liquidity risk, developed financial plans to support expansion into new markets and acquisitions of businesses, all while maintaining compliance with rules and listing standards of publicly-traded companies. Prior to becoming a banker, Mr. Bell served as a Manager with Yount, Hyde & Barbour, PC, for eight years where he provided audit, tax, and consulting services to clients in the banking industry, while collaborating with his team to expand services into the West Virginia market.\n\"Throughout his career, Shane has established deep relationships with teammates, clients, and the community to deliver responsible financial oversight and guidance,\" stated Alice P. Frazier, President and CEO of BCT. \"Shane is well positioned to build on Dean's legacy and lead us to further success i...