Bank of Botetourt posts exceptional 2021 results; Board votes to increase the cash dividend following last month's stock dividend
In 2021, the Bank participated in the next round of the SBA's PPP Program, generating $18,000,00 in new PPP loans.
- In 2021, the Bank participated in the next round of the SBA's PPP Program, generating $18,000,00 in new PPP loans.
- President & CEO, G. Lyn Hayth, III stated "Bank of Botetourt posted exceptional financial results for 2021, exceeding budget expectations.
- With the decline in requests for assistance, Bank of Botetourt ended its COVID relief program during the second quarter of 2021.
- Bank of Botetourt also operates a mortgage division, Virginia Mountain Mortgage and a financial services division, Botetourt Wealth Management.