Special Message from Alice Frazier

March 13, 2023
Since 1871, your bank has been committed to operating a safe and sound community bank. Your ongoing confidence and trust are of utmost importance to us. Over the past few days there has been news about the unfortunate regulatory closure of Silicon Valley Bank (SVB) and Signature Bank, resulting in FDIC receivership.
Alice Frazier

Anticipating you may have questions, we are providing important information that significantly differentiates BCT and strongly positions BCT to withstand market uncertainties.  

I hope these facts will help answer any questions you may have. 

  • As a community bank, BCT is well positioned to continue to serve our clients and community. We were chartered over 151 years ago and expect to serve this community for generations to come.
  • Like the communities we serve, our clients are  both consumers and businesses of varying sizes without a concentration in any one industry or maturity.   As such, exposure to risks in any one industry or concentration is reduced. 
  • We serve a wide geography, including West Virginia, Maryland, Virginia, and Washington, DC.  
  • We take a prudent approach to risk-taking and investments, with corresponding audits performed regularly.   Our credit quality remains pristine with no non-performing assets as of our most recent earnings report on December 31, 2022. 
  • We exceed all regulatory measures of a well-capitalized financial institution. 
  • In the spirit of transparency, we post our quarterly and annual financial statements on our website.  You may find that information here:  https://ir.mybct.bank/corporate-overview/corporate-profile/default.aspx
  • As a community bank, we take pride in our relationship-based business model focused on building long-term trust with our clients.  After all, we live in your community, too, and your success is our success.
  • If you have questions about your deposit accounts insurance coverage, or would like to learn more about FDIC insurance and how it works, I encourage you to access the following resources, contact your local branch, or call our Client Care Center at 1-800-296-8431. 

Lastly, we remain at the helm and on course as your community bank of over 151 years.  You have complete access to our experienced team of local bankers.  We stand ready to assist you at all times and look forward to doing so.


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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.