BCT-Bank of Charles Town Awards $290,200 in Scholarships to Local High School Students

June 14, 2023
CHARLES TOWN, WV, June 14, 2023 /PR Newswire/ (OTC:PTBS) – BCT-Bank of Charles Town, also known as The Community’s Bank, recently announced scholarship awards for: Robert “Bob” F. Baronner, Jr. Scholarship, Robert W. McCormick Full Ride Scholarships, Paul & Margaret Dorsey Music Scholarship, Tom Mentzer Scholarships, and S. Katherine Boxwell & Edwin P. Churchill Scholarships. As Trustee for the scholarships, BCT awarded $290,200 to local high school students to seek post-secondary education.
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2023 Scholarship Recipients

 

“We are honored to be Trustee for these generous scholarships awarded to local students,” stated Alice P. Frazier, President and CEO of BCT.  “I am inspired by these local students whose educational aspirations are certain to impact our local communities for the better.”
 
Scholarships presented for the 2023 school year:
 
Robert "Bob" F. Baronner Jr. Scholarship 
$10,000 ($2,500 per year for four years)
  • Noah C. Alcantara – Washington High School/Shepherd University
Robert W. McCormick Full Ride Scholarships
Two students were selected to receive this prestigious full-ride scholarship:
  • Kaitlyn M. Baker – Washington High School/Marshall University/$80,000
  • Hannah M. Goode – Jefferson High School/WVU/$80,000 
Paul & Margaret Dorsey Music Scholarship 
$3,000 (one-time amount):
  • Ellen M. Kemp – Jefferson High School/WVU
Tom Mentzer Scholarships 
$300 each (one-time amount):
  • Matthew G. LaBombard – Jefferson High School/Embry-Riddle Aeronautical University
  • Zander C. Lamp – Washington High School/George Washington University 
  • Meghan B. Letterman – Jefferson High School/University of Rhode Island
  • Dana N. Spencer – Washington High School/University of Nebraska 
S. Katherine Boxwell & Edwin P. Churchill Scholarships
Total $116,000:
  • Noah C. Alcantara – Washington High School/$1,000 annually for 4 years/Shepherd University 
  • Elliot C. Ferguson – Hampshire High School/$2,500 annually for 4 years/Marshall University
  • Madelyn R. Fisher – Keyser High School/$2,500 annually for 4 years/Potomac State College
  • Justin K. Gottlieb – Jefferson High School/$2,500 annually for 4 years/Columbia University
  • Sara L. Munson – Musselman High School/$4,000 annually for 4 years/Hood University
  • Noel L. Rochette – Petersburg High School/$2,500 annually for 4 years/Fairmont State University
  • Chloe A. Thomas – Martinsburg High School/$5,000 annually for 4 years/WVU
  • Sarah L. Weatherholt – Moorefield High School/$5,000 annually for 4 years/Potomac College then WVU
  • Chloe E. Westfall – Frankfort High School/$4,000 annually for 4 years/Shepherd University
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About the Company

Potomac Bank, Inc., a wholly owned subsidiary of Potomac Bancshares, Inc., was founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025. The Company’s total assets were $976 million as of March 31, 2026. The Bank conducts operations through its nine-branch network and one loan production office serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia. The Bank offers comprehensive financial solutions through its consumer and commercial banking divisions, Trust, Wealth, and BCT Investments divisions, and its Residential Lending mortgage division. The Bank is also proud to serve its communities as a Small Business Administration (SBA) Preferred Lender. Over the past several years, the Bank has received numerous awards and recognitions, including American Banker’s “Top 200 Community Banks” and “Best Banks to Work For”, the Journal-News “Best of the Best” award, and the LoudounNow “Loudoun’s Favorite” award. 

The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." For more information about the Bank, please visit our website at www.potomac.bank.

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