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CHARLES TOWN, W.Va. - Potomac Bancshares, Inc. (OTC:PTBS), the holding company for Bank of Charles Town (BCT), announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.13 per share, representing a 3.02% yield. According to InvestingPro data, the company has maintained dividend payments for 13 consecutive years, with increases in the last four years.
The dividend will be paid on August 7, 2025, to shareholders of record as of July 31, 2025, according to a company press release.
Potomac Bancshares operates primarily through its subsidiary BCT, which conducts business through its main office and eight additional branch locations across West Virginia, Maryland and Virginia. The bank also maintains two loan production offices.
As of March 31, 2025, the company reported approximately $896 million in assets. BCT offers various banking services including commercial lending, residential mortgage products, and wealth management through its BCT Wealth Advisors division.
The company’s shares are quoted on the OTCID marketplace under the symbol "PTBS."
In other recent news, Potomac Bancshares, Inc. announced an 8% increase in its quarterly cash dividend, raising it to $0.13 per share from the previous $0.12. This decision reflects the company’s ongoing commitment to delivering shareholder value and will benefit shareholders of record as of May 1, 2025, with the dividend payable on May 8, 2025. Alice P. Frazier, President and CEO, expressed satisfaction with the company’s performance, highlighting the sustained success that led to this decision. Potomac Bancshares, founded in 1871, operates through multiple branches and loan production offices across West Virginia, Maryland, and Virginia. As of December 31, 2024, the company reported approximately $877 million in assets. The bank offers a range of services, including commercial, residential, and agricultural loans, and is recognized as a Small Business Administration Preferred Lender. BCT Wealth Advisors, a division of the bank, has been providing trust services for over 70 years and has evolved into a leading provider of financial management, investments, and estate services. Potomac Bancshares also provides online and mobile banking solutions and offers free access to a vast network of ATMs. The company’s performance and community engagement have been acknowledged through various accolades, including being named a "Top 200 Community Bank" by American Banker in 2023.
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