Potomac Bancshares, Inc. Announces 8% Dividend Increase for Shareholders

Potomac Bancshares, Inc. Declares 8% Dividend Increase

Potomac Bancshares, Inc., the parent company of Bank of Charles Town (BCT), recently declared a notable increase in its quarterly cash dividend during its April board meeting. The board approved a dividend payout of $0.13 per share, which is an 8% rise compared to the previous quarter's dividend of $0.12. This increase serves not only as a reward for the company's shareholders but also signifies the firm's forward momentum and financial health.

Alice P. Frazier, the President and CEO of Potomac Bancshares, expressed her satisfaction with the board's decision, stating, "We are pleased to provide our shareholders an 8% increase in their dividend, from $0.12 to $0.13 per share. This decision reflects our sustained success and commitment to delivering shareholder value." The announcement is particularly significant as it comes at a time when many companies are struggling to maintain previous dividend levels amidst economic uncertainties.

The new dividend will be applicable to all shareholders whose names appear on the company's records as of May 1, 2025, and is set to be distributed on May 8, 2025. This swift turnaround highlights the company’s dedication to keeping its investors informed and involved, further instilling confidence among its stakeholders.

About Potomac Bancshares, Inc.

Founded in 1871, Potomac Bancshares operates the Bank of Charles Town, also known as The Community's Bank. With assets nearing $877 million as of the end of December 2024, BCT serves constituents through its main office and additional branches across several counties, including Jefferson and Berkeley Counties in West Virginia, Washington County in Maryland, as well as Loudoun and Stafford Counties in Virginia.

BCT provides a broad spectrum of financial services, which include commercial and term loans, residential and commercial construction loans, agricultural loans, as well as government contractor loans. Also recognized as a Small Business Administration (SBA) Preferred Lender, the Bank is committed to addressing the diverse financial needs of both individuals and businesses in its operational regions.

The Residential Lending division of BCT has a substantial offering that includes secondary market and portfolio mortgage loans. They are known for their one-time close construction to permanent loans, home equity loans, and lines of credit. Additionally, BCT Wealth Advisors have established a reputation for personalized trust services and wealth management, further expanding the range of services offered to their clients.

Moreover, Potomac Bancshares has embraced modern banking conveniences, providing online and mobile banking options that cater to individuals, businesses, and local governments. Their partnership with Allpoint® allows their clients access to over 55,000 ATMs, ensuring convenient banking solutions.

Recognition of the bank's efforts in customer service and financial excellence is evident, having been voted as a favorite in numerous categories, including Bank, Mortgage Company, and Financial Planner, in the LoudounNow 2024 reader's poll. Also, BCT was distinguished as one of America's “Top 200 Community Banks” by American Banker and celebrated for its workplace environment as a “Best Bank To Work For” multiple times in recent years.

Potomac Bancshares, Inc.'s stock is traded on the OTC Pink Sheet market under the ticker symbol PTBS. For further insights into their financial products and services, interested parties can visit their website at www.mybct.bank. Overall, the recent dividend increase not only reflects the company’s stable performance but also offers a strong indicator of its commitment to rewarding its shareholders and promoting long-term financial growth.