State bank

Potomac Bancshares, Inc. Reports 2021 Third Quarter Results

Tuesday, October 26, 2021 - 11:46pm

ROA for the quarter was 1.10% up from last year's quarterly ROA of 0.71%, and up from the second quarter 2021 of 1.04%.

Key Points: 
  • ROA for the quarter was 1.10% up from last year's quarterly ROA of 0.71%, and up from the second quarter 2021 of 1.04%.
  • ROE for the quarter was 13.21% compared to 8.07% in the same quarter of the prior year, and up from the second quarter 2021 of 12.28%.
  • Net interest income increased $699 thousand to $5.2 million for the quarter ending September 30, 2021, compared to the quarter ending September 30, 2020.
  • PPP fees and interest recognized in the quarter ending September 30, 2021, were $456 thousand compared to $492 thousand realized during the second quarter of 2021.

EspriGas Adds Four High-Profile Executives to Board

Tuesday, October 26, 2021 - 1:00pm

The board will work closely with the EspriGas executive leadership team to develop strategy and position the organization for continued growth.

Key Points: 
  • The board will work closely with the EspriGas executive leadership team to develop strategy and position the organization for continued growth.
  • We are thrilled to announce these newest members of the EspriGas Board.
  • Their diverse and extensive backgrounds will provide invaluable insights to support our continued rapid growth, explained Mike Walsh, CEO of EspriGas.
  • Prior to Jims appointment to the Board, he served as Chairman of the Board during EspriGas partnership with Council Capital from 2013-2019.

Potomac Bancshares, Inc. Declares Dividend

Thursday, October 21, 2021 - 2:03pm

CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.

Key Points: 
  • CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.
  • The dividend is for all shareholders of record on November 2, 2021 and will be paid on November 9, 2021.
  • Founded in 1871 and celebrating their 150th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS).
  • For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.

SB Financial Group, Inc. Announces Schedule for Third Quarter 2021 Results

Friday, October 15, 2021 - 3:19pm

DEFIANCE, Ohio, Oct. 15, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its third quarter 2021 financial results on Thursday, October 28, 2021, after the close of the market.  The company will hold a related conference call and webcast on Friday, October 29, at 11:00 a.m. EDT.

Key Points: 
  • DEFIANCE, Ohio, Oct. 15, 2021 /PRNewswire/ --SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its third quarter 2021 financial results on Thursday, October 28, 2021, after the close of the market.
  • The company will hold a related conference call and webcast on Friday, October 29, at 11:00 a.m. EDT.
  • An audio replay of the call will be available on the SB Financial Group website.
  • Headquartered in Defiance, Ohio, SB Financial is a diversified financial services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (Peak Title).

BCT--Bank of Charles Town Appoints Frank Donadio as Branch Manager of Harpers Ferry Office

Thursday, October 14, 2021 - 1:30pm

CHARLES TOWN, W.V., Oct. 14, 2021 /PRNewswire/ --(OTC:PTBS)--BCT-Bank of Charles Town, also known as The Community's Bank, recently announced Frank Donadio as the new Branch Manager of its Harpers Ferry, West Virginia office at 1366 West Washington Street.

Key Points: 
  • CHARLES TOWN, W.V., Oct. 14, 2021 /PRNewswire/ --(OTC:PTBS)--BCT-Bank of Charles Town, also known as The Community's Bank, recently announced Frank Donadio as the new Branch Manager of its Harpers Ferry, West Virginia office at 1366 West Washington Street.
  • Mr. Donadio will manage the branch staff as well as manage initiatives for customer experiences and acquisitions.
  • Other positions within financial services include Assistant Branch Manager and Acting Manager for One Main Financial (Citibank) and positions with increasing responsibility at Bank of America and Fannie Mae.
  • "We are delighted to have Frank join BCT to lead our customer experience efforts in Harpers Ferry," stated Alice Frazier, President & CEO.

Equity Bancshares, Inc. Completes Merger with American State Bancshares, Inc.

Monday, October 4, 2021 - 1:00pm

Im thankful and appreciative of the diligent, focused, and collaborative efforts of our Equity Bank team, including our team members from American State Bank & Trust.

Key Points: 
  • Im thankful and appreciative of the diligent, focused, and collaborative efforts of our Equity Bank team, including our team members from American State Bank & Trust.
  • Equity announced the merger with ASB on May 17, 2021.
  • Following the completion of the merger, Equity now has approximately $5.0 billion in consolidated total assets and operates 67 locations in its four-state network in Kansas, Missouri, Arkansas and Oklahoma.
  • Equity completed the transaction, including receipt of all necessary regulatory and shareholder approvals, core systems consolidation, and rebranding, in just over 120 days.

SeABank (Vietnam) increases its charter capital to nearly US$ 590 million

Monday, October 4, 2021 - 11:29am

Following tothe plan ratified at SeABank's Annual General Meeting of Shareholders in 2021, the Bank will soon issue 136 million shares to its existing shareholders at a rate of 10.13 percent to raise the charter capital.

Key Points: 
  • Following tothe plan ratified at SeABank's Annual General Meeting of Shareholders in 2021, the Bank will soon issue 136 million shares to its existing shareholders at a rate of 10.13 percent to raise the charter capital.
  • The increase in charter capital is a part of SeABank's development plan and orientation, enabling the Bank to expand its operational network, invest in facilities and technology, improve the quality of its operations, diversify its products and services to better meet the needs of customers across the country.
  • In the face of the COVID-19 pandemic's complicated developments, SeABank has proactively taken effective measures against the pandemic while adjusting its business plan flexibly, focusing on developing online products, cards, and SeAMobile digital banking applications, thereby maintaining a stable growth rate.
  • SeABank was ranked among 17 credit institutions with significant impacts in the banking sector in 2021 by the State Bank of Vietnam and received B1 rating for long-term credit for the third year in a row with positive outlook assessment by Moody's.

SeABank (Vietnam) increases its charter capital to nearly US$ 590 million

Monday, October 4, 2021 - 10:57am

Following tothe plan ratified at SeABank's Annual General Meeting of Shareholders in 2021, the Bank will soon issue 136 million shares to its existing shareholders at a rate of 10.13 percent to raise the charter capital.

Key Points: 
  • Following tothe plan ratified at SeABank's Annual General Meeting of Shareholders in 2021, the Bank will soon issue 136 million shares to its existing shareholders at a rate of 10.13 percent to raise the charter capital.
  • The increase in charter capital is a part of SeABank's development plan and orientation, enabling the Bank to expand its operational network, invest in facilities and technology, improve the quality of its operations, diversify its products and services to better meet the needs of customers across the country.
  • In the face of the COVID-19 pandemic's complicated developments, SeABank has proactively taken effective measures against the pandemic while adjusting its business plan flexibly, focusing on developing online products, cards, and SeAMobile digital banking applications, thereby maintaining a stable growth rate.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/seabank-vietnam-increases-its-c...

Potomac Bancshares, Inc. To Present at Boenning & Scattergood Investor Forum

Friday, September 24, 2021 - 9:29pm

CHARLES TOWN, W.Va., Sept. 24, 2021 /PRNewswire/ --Potomac Bancshares, Inc. (OTC: PTBS), the one bank holding company for Bank of Charles Town, also known as The Community's Bank, announced today they will present at the investor forum hosted by Boenning & Scattergood on Monday, September 27, 2021.

Key Points: 
  • CHARLES TOWN, W.Va., Sept. 24, 2021 /PRNewswire/ --Potomac Bancshares, Inc. (OTC: PTBS), the one bank holding company for Bank of Charles Town, also known as The Community's Bank, announced today they will present at the investor forum hosted by Boenning & Scattergood on Monday, September 27, 2021.
  • A copy of Potomac Bancshares' presentation can be found on their Investor Relations website at https://ir.mybct.bank.
  • Founded in 1871 and celebrating their 150th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS).
  • BCT's offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA).

Tioga State Bank Partners with ZSuite Technologies to Expand Digital Offerings

Wednesday, September 22, 2021 - 2:31pm

ZSuite Technologies , a financial technology company that powers community financial institutions with digital escrow products for specific commercial verticals, has partnered with Tioga State Bank to offer its customers ZRent and ZDeposit .

Key Points: 
  • ZSuite Technologies , a financial technology company that powers community financial institutions with digital escrow products for specific commercial verticals, has partnered with Tioga State Bank to offer its customers ZRent and ZDeposit .
  • Tioga State Bank, a N.Y.-based, independent community bank, needed a digital solution to help the large number of landlords and property managers in its customer base.
  • At Tioga State Bank, we strive to be a leader in offering the technology our customers want, said Robert Fisher, CEO of Tioga Bank and ICBA Chairman.
  • Tioga State Bank is dedicated to the communities it serves and by offering ZRent and ZDeposit to improve efficiency in todays demanding world, the bank is helping customers be more efficient, said Nathan Baumeister, CEO of ZSuite.