Potomac Bancshares, Inc. Issues Private Placement of $10 Million Subordinated Notes

Charles Town, WV., September 16, 2020 /PR Newswire/ - Potomac Bancshares, Inc. (the “Company”) (OTC: PTBS), the one bank holding company for Bank of Charles Town announced today the closing of its private placement of $10 million of subordinated notes due 2030 (the “Notes”).

Back to news

About the Company

Potomac Bank, a wholly owned subsidiary of Potomac Bancshares, Inc. (OTCID:PTBS), was founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025. The Company’s total assets were $981 million as of June 30, 2026. The Bank conducts operations through its nine-branch network and two loan production offices 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 Performing Banks” (under $2 billion in assets) and “Best Banks to Work For”, as well as 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]