Potomac Bancshares, Inc. Declares 11.1% Increase to Quarterly Dividend

July 20, 2023

Charles Town, WV, July 20, 2023 / PR Newswire / – 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 $0.10 per share, an 11.1% increase from the previous quarter’s dividend of $0.09.

The dividend is for all shareholders of record on August 4, 2023, and will be paid on August 11, 2023.

“We are extremely pleased with this announcement that we can raise our dividend from $0.09 per share to $0.10 per share, an 11.1% increase,” said Alice P. Frazier, President and CEO. “This dividend increase is important to our shareholders and reflects the consistent success we are having executing on our strategic goals.”

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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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