PTBS

BCT-Bank of Charles Town Named Top 200 Performing Bank by American Banker

Retrieved on: 
Monday, June 26, 2023
Security, S&P Global, PTBS, Bank, Community, American Banker, BCT, Dime Community Bank, OTC, Cryptocurrency

CHARLES TOWN, W.Va., June 26, 2023 /PRNewswire/ -- (OTC:PTBS) Potomac Bancshares, Inc., the one holding company for BCT-Bank of Charles Town, also known as The Community's Bank, is pleased to announce it has been recognized by American Banker as one of the top 200 performing banks in the United States out of 1,650 banks with less than $2 billion in assets and who also are publicly traded.

Key Points: 
  • CHARLES TOWN, W.Va., June 26, 2023 /PRNewswire/ -- (OTC:PTBS) Potomac Bancshares, Inc., the one holding company for BCT-Bank of Charles Town, also known as The Community's Bank, is pleased to announce it has been recognized by American Banker as one of the top 200 performing banks in the United States out of 1,650 banks with less than $2 billion in assets and who also are publicly traded.
  • "BCT is honored to be recognized as one of the 200 best performing community banks in the country," stated Alice P. Frazier, BCT's President and CEO.
  • Each year American Banker publishes the list of the top 200 performing publicly traded banks with under $2 billion in assets.
  • The top 200 banks also had a median return on average equity of 14.16%, compared with 11.67% for all publicly traded banks in this asset class.

Potomac Bancshares, Inc. Welcomes Michael Huber of Belfort Furniture and Stone Tower Winery to the Board of Directors

Retrieved on: 
Thursday, June 1, 2023
YMCA, Oatlands Historic House & Gardens, City of Hope, University, United Community Bank, Stone Tower, Agriculture, AAS, Business, Inova Health System, Research, Dulles International Airport, Cabinet, Loudoun Times-Mirror, Business administration, Forestry, Northern Virginia Community College, City, Community, National Home, Jewish National Fund Tree of Life Award, Spirit, OTC, Murder of Ryan Poston, Sentara Northern Virginia Medical Center, PTBS, Bank, Transport, National COVID-19 Commission Advisory Board, Management, Nursing, Loudoun

Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.

Key Points: 
  • Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.
  • Stone Tower is one of the most visited wineries in the region and a sought-after wedding venue.
  • "We are pleased to welcome Mike to the Board of Directors," stated Dr. Keith Berkeley, Chairman of the Board for PTBS and BCT.
  • Additionally, Huber helped raise over $2.8 million for the Virginia Vine "Jimmy V" charity by hosting auction galas at his Stone Tower Winery.

Bank of Charles Town Receives 2022 FHLBank Pittsburgh Diversity, Equity and Inclusion Membership Award; Group Tours Facility of Banking On Diversity Funding Recipient

Retrieved on: 
Wednesday, November 30, 2022
Professional Services, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Small Business, Socially Responsible Investing, Finance, Banking, Black History Month, Housing, OTC, Financial management, Federal Home Loan Banks, Economic development, Multimedia, Insurance, Trust, Bank, Community, PTBS, Virtual reality, USN, Small business, Shenandoah, BCT, American Banker, Family, Harpers Ferry, West Virginia, Community banking models, Congress, Autism, Equity, Award, USMC, DEI, Management, Leukoencephalopathy

Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) announced that Bank of Charles Town (BCT) received the inaugural 2022 FHLBank Diversity, Equity and Inclusion (DEI) Membership Award (Award) for their Banking On Diversity program.

Key Points: 
  • Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) announced that Bank of Charles Town (BCT) received the inaugural 2022 FHLBank Diversity, Equity and Inclusion (DEI) Membership Award (Award) for their Banking On Diversity program.
  • It was difficult to select a winner from among such dynamic programs and initiatives, said Katey Malesic, FHLBanks Chief Diversity, Equity and Inclusion Officer.
  • BCTs collaborative Banking On Diversity program, which provides early-stage, interest-free capital to both start-up and existing micro-businesses stood out as having unique community impact.
  • Along with two other neighboring community banks, the innovative Banking On Diversity, Minority Business Loan Fund was created.

BCT-Bank of Charles Town Voted 2022 "Best of the Best" for Bank, Loan Service, and Financial Planning by Journal-News Readers

Retrieved on: 
Tuesday, November 22, 2022
Journal, Travel, BCT, Bank, Entertainment, Community, Financial management, Food, PTBS, Health, Trust, Allpoint, OTC, American Banker, Multimedia, Finance, Martinsburg, United Community Bank, State bank, Security (finance), Beauty

CHARLES TOWN, W.Va., Nov. 22, 2022 /PRNewswire/ -- (OTC: PTBS) BCT-Bank of Charles Town, also known as The Community's Bank, is pleased to announce it has been voted a 2022 Best of the Best Readers' Choice Awards recipient in three financial services categories: Bank, Loan Service, and Financial Service/Planning Company.

Key Points: 
  • CHARLES TOWN, W.Va., Nov. 22, 2022 /PRNewswire/ -- (OTC: PTBS) BCT-Bank of Charles Town, also known as The Community's Bank, is pleased to announce it has been voted a 2022 Best of the Best Readers' Choice Awards recipient in three financial services categories: Bank, Loan Service, and Financial Service/Planning Company.
  • "The best recognition is that which comes from our clients and community," stated Alice P. Frazier, President and CEO.
  • The Best of the Best Readers' Choice Awards is an annual reader poll conducted by the Martinsburg Journal-News.
  • To see a full list of the 2022 Best of the Best Readers' Choice Awards winners, click here .

POTOMAC BANCSHARES, INC. REPORTS 2022 THIRD QUARTER RESULTS

Retrieved on: 
Tuesday, November 1, 2022
Growth, Pressure, Credit, Board of directors, CEO, Knowledge, BCT, Community banking models, The Company, Income, PPP, Federal Reserve, Total, Workforce, ROE, Housing, PTBS, Community, Sale, State bank, Investment, Private Securities Litigation Reform Act, Company, Paycheck Protection Program, Bank, OTC, All, Environment, Financial management, Forward-looking statement, Round 1, ROA, Insurance, Cryptocurrency, Health insurance, Lithium, Renewable energy, Airline, Iron ore, Video game, Real estate, Security (finance), Trust

On a linked quarter basis, net interest margin improved to 3.49% in the current quarter compared to 3.33% for the linked quarter.

Key Points: 
  • On a linked quarter basis, net interest margin improved to 3.49% in the current quarter compared to 3.33% for the linked quarter.
  • Non-interest expense increased to $5.0 million for the quarter ending September 30, 2022, an increase of $608 thousand or 13.7% above the quarter ending September 30, 2021.
  • Excluding PPP income, net interest income increased $801 thousand to $6.3 million for the quarter, compared to $5.5 million for the quarter ending June 30, 2022.
  • Total PPP interest and fees recorded in the quarter were $115 thousand compared to $295 thousand in the second quarter.

POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Retrieved on: 
Thursday, October 20, 2022
Trust, The Company, Forbes, Bank, State bank, Multimedia, Board of directors, United Community Bank, Community, Company, Board, Financial management, American Banker, Allpoint, OTC, BCT, PTBS, View

CHARLES TOWN, W.Va., Oct. 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their October Board meeting a quarterly dividend of $0.09 per share.

Key Points: 
  • CHARLES TOWN, W.Va., Oct. 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their October Board meeting a quarterly dividend of $0.09 per share.
  • The dividend is for all shareholders of record on November 2, 2022 and will be paid on November 9, 2022.
  • Founded in 1871, 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.

BCTCares Foundation's "Pack The 'Pack" Program Raises $56,000 To Fund Local Backpack Charities

Retrieved on: 
Thursday, October 6, 2022
Trust, Forbes, Organization, Foundation, Bank, EIN, State bank, Program, Multimedia, Community banking models, Community, Jefferson County, West Virginia, Company, Pack, Organic, Financial management, American Banker, Allpoint, CEO, OTC, Food, BCT, Board of directors, Washington Street, PTBS, View, Hospital

"This year, our partner backpack charities saw food prices increase 40% to 50% along with significant increases in the number of children in need," remarked Alice P. Frazier, President and CEO of BCT.

Key Points: 
  • "This year, our partner backpack charities saw food prices increase 40% to 50% along with significant increases in the number of children in need," remarked Alice P. Frazier, President and CEO of BCT.
  • "Seeing our clients, employees, and local communities rally for the children with overwhelming generosity reminds me how resilient and strong our communities remain.
  • For the Pack The 'Pack campaign, BCTCares has partnered with local backpack program charities who will purchase and distribute food using the funds donated.
  • The local backpack program partners are:
    Berkeley County Backpack Program (Berkeley County, WV) - http://feedbcwvkids.org/
    Community Combined Ministries Kidz Power Pacs (Berkeley & Jefferson Counties, WV) - https://communitycombined.org/
    Loudoun Backpack Coalition (Loudoun County, VA) - https://loudouneducationfoundation.org/backpack-coalition/
    To learn more about the BCTCares Foundation and the Pack The 'Pack program, visit BCT's website at www.mybct.bank/about/bctcares /.

POTOMAC BANCSHARES, INC. REPORTS 2022 SECOND QUARTER RESULTS

Retrieved on: 
Tuesday, August 2, 2022
Sale, Knowledge, Investment, Environment, Community, CEO, Forward-looking statement, ROA, Private Securities Litigation Reform Act, Workforce, Bank, The Company, Income, Community banking models, All, BCT, ROE, Credit, Company, Board of directors, Round 1, PPP, SBA, State bank, Growth, OTC, PTBS, Financial management, Cryptocurrency, Lithium, Animal, Online gambling, Financial adviser, Video game, Real estate, Trust, Visa

Net interest margin increased to 3.33% for the second quarter 2022 compared to 3.04% for the linked prior quarter.

Key Points: 
  • Net interest margin increased to 3.33% for the second quarter 2022 compared to 3.04% for the linked prior quarter.
  • Excluding the impact from PPP in the second quarter 2022 and first quarter 2022, the net interest margin was 3.19% compared to 2.93%, respectively.
  • Non-interest income was down $181 thousand to $5.0 million for the quarter ending June 30, 2022, or 10.8% compared to the quarter ending March 31, 2022.
  • Net loan recoveries in the quarter ending June 30, 2022, were 0.033% compared to 0.002% in the quarter ending March 31, 2022.

POTOMAC BANCSHARES, INC. DECLARES QUARTERLY DIVIDEND

Retrieved on: 
Wednesday, July 20, 2022
View, Community, Trust, Board of directors, Bank, Board, Multimedia, United Community Bank, BCT, Company, American Banker, Forbes, Allpoint, State bank, OTC, PTBS, Financial management

CHARLES TOWN, W.V., July 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company")(OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their July Board meeting a quarterly dividend of $0.09 per share.

Key Points: 
  • CHARLES TOWN, W.V., July 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company")(OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their July Board meeting a quarterly dividend of $0.09 per share.
  • The dividend is for all shareholders of record on August 4, 2022 and will be paid on August 11, 2022.
  • Founded in 1871, 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.

BCT-Bank of Charles Town Launches Second Annual "Pack the 'Pack" Donations Program with Its Backpack Program Partners For Local Food-Insecure Children

Retrieved on: 
Friday, July 1, 2022
Online, OTC, View, Bank, CEO, Allpoint, Forbes, State bank, Hunger, Company, PTBS, Community, Trust, Food, Organic, Awareness, Pack, BCT, EIN, Culture, United Community Bank, American Banker, Child, Financial management, Multimedia, Hospital, Bottled water, Real estate

Frazier continued, "Our Pack the 'Pack program directly supports many of our neighbors in need, especially children.

Key Points: 
  • Frazier continued, "Our Pack the 'Pack program directly supports many of our neighbors in need, especially children.
  • The number of food-insecure children in our local markets continues to grow, especially with recent inflationary pressures.
  • Through our Pack the 'Pack campaign, we are raising awareness in local communities about the thousands of food-insecure children who will go hungry.
  • For the Pack the 'Pack campaign, BCTCares has partnered with local backpack program charities who will purchase and distribute food using the funds donated.