BCT-Bank of Charles Town Awards Robert F. Baronner, Jr. Memorial Scholarship to Olivia B. Grove of Musselman High School

June 16, 2022
CHARLES TOWN, WV, June 16, 2022 /PRNewswire/ (OTC:PTBS) – BCT-Bank of Charles Town, also known as The Community’s Bank, recently announced the prestigious Robert “Bob” F. Baronner, Jr. Memorial Scholarship was awarded to Olivia B. Grove. Ms. Grove is a graduate of Musselman High School located in Inwood, West Virginia. She will be a first-generation college student from her family and plans to attend Shepherd University.
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Olivia Grove

The scholarship award is in the amount of $10,000, or $2,500 for 4 years.  This is the fifth year the Baronner Scholarship has been awarded, totaling $50,000 for local students to attend higher education.


This is the fifth year the Baronner Scholarship has been awarded, totaling $50,000 for local students to attend higher education.

“We are proud to award this year’s Baronner Scholarship to Olivia,” stated Alice P. Frazier, President and CEO of BCT. “Not only does she exemplify a commitment to academic rigor, she is an outstanding leader on and off the field, something we value at BCT and something that was personified by Bob Baronner.”

Ms. Grove is the daughter of Chip and Gina Grove and has a younger brother.  She graduated with a 4.36 GPA and was a member of the National Honor Society.  Ms. Grove was also a student-athlete in soccer and was selected EPAC All-Conference for two years, was named MVP and Offensive Player of the Year her senior year, served as Varsity Captain two years and lettered in all four years.  At the prospect of being a first-generation college student, Ms. Grove credits her parents with instilling the values of hard work, sacrifice, and service, which have been essential in shaping her to achieve many superlatives and preparing her for success in college and beyond.  

The annual Robert "Bob" F. Baronner Jr. Memorial Scholarship is awarded annually in memory of Mr. Baronner who served as BCT’s President and CEO and was a member of the Board of Directors for Bank of Charles Town and Potomac Bancshares, Inc. from 2001 until his passing in 2017. 

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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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