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.
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

Founded in 1871, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $855 million in assets as of March 31, 2024, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices.  BCT’s offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® network plus an affiliation with Sheetz convenience stores.  The Bank provides convenient online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agricultural loans, and government contractor loans.  The Bank is also a Small Business Administration (SBA) Preferred Lender.  The Residential Lending division offers secondary market and portfolio mortgage loans, one-time close construction to perm loans, as well as home equity loans and lines of credit.  For over 70 years, BCT Wealth Advisors has provided trust services, growing into a premier financial management, investments, and estate services provider.  In 2023, American Banker selected BCT as a “Top 200 Community Bank,” an annual listing of the best performing banks in the United States with assets under $2 billion.  BCT was voted a “Best of the Best” winner in the 2023 Journal-News Readers’ Choice Awards in four  categories:  Bank, Mortgage Company, Loan Services, and Financial Planning.  In 2023, 2021, 2020, and 2019 the Bank was named a “Best Bank To Work For” by American Banker.

The Company's shares are quoted on the OTC Pink Sheet marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.