Potomac Bancshares, Inc. Annual Shareholder Meeting and Reunion Reception Highlights Successful 2024

May 21, 2025
CHARLES TOWN, WV, May 21, 2025 / – Potomac Bancshares, Inc. (the “Company”) (OTCPK: PTBS), the bank holding company of Bank of Charles Town, also known as The Community’s Bank, held its annual shareholder meeting the evening of May 20, 2025, at the Bavarian Inn in Shepherdstown, West Virginia.
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The annual event has become a highlight for shareholders to rekindle friendships and connections. In addition to the Company’s official meeting, shareholders and their guests were treated to beautifully prepared fare throughout the well-appointed dining rooms and patios of the Bavarian Inn, a European inspired boutique resort and fine dining establishment, located on a spectacular bluff overlooking the Potomac River.  Shareholder attendance was one of the highest on record.   

“What a wonderful evening!” stated Alice P. Frazier, President and CEO. “Seeing shareholders from so many different backgrounds and interests who were reconnecting or meeting for the first time validated that BCT is the very definition of a community bank, and we continue to be a unifying, high-performing presence in our communities.  It’s gratifying to see our culture of neighbor helping neighbor is alive and well.”

Presiding over the official meeting was Dr. Keith B. Berkeley, Chairman of the Board.   Ms. Frazier provided a review of the Company's accomplishments for the 2024 year and affirmed its commitment to employees, clients, community, and shareholders.  The Company’s shareholders elected J. Scott Boyd, Michael Huber, and Dr. Mitesh Kothari, to serve as Directors of the Company for a three-year term ending in 2028.  The Company has three classes of Directors, each elected for a different three-year term.  Additionally, shareholders ratified the appointment of Yount, Hyde & Barbour, PC as the Company's independent auditors for the year ending December 31, 2025.

The Company made it known that individuals may purchase shares under the symbol “PTBS” by contacting Shane Bell, EVP and CFO, at [email protected], or through one’s personal broker.

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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.

Media Contact
Bryan Decker
SVP, Director of Marketing and Communications
[email protected]