Potomac Bancshares
Potomac Bancshares is the holding company for Potomac Bank, a 155-year-old community bank operating nine branches and loan production offices across West Virginia, Maryland, and Virginia, providing consumer and commercial banking, SBA lending, GovCon banking, treasury management, and wealth services to SMBs, government contractors, nonprofits, local governments, and individuals.
- Company typePublic
- Founded1871
- HeadquartersCharles Town, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Potomac Bancshares does
Potomac Bancshares, Inc. is a West Virginia-chartered, one-bank holding company for Potomac Bank, a community bank that originated in 1871 as the Bank of Charles Town and was rebranded to Potomac Bank on November 3, 2025 to reflect its expanded tri-state footprint. The bank operates nine full-service branches and one or two loan production offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Loudoun and Stafford Counties, Virginia, with a planned entry into the Winchester-Frederick County, Virginia market via new hires and a branch expected to open in Q2 2026. As of March 31, 2026, the bank reported total assets of $975.8M, gross loans of $758.5M, and total deposits of $845.4M. The bank's service portfolio is divided into Personal Banking, Business Banking (including SBA Preferred Lender services and a specialized GovCon Banking division for government contractors), Trust and Wealth Advisors (including the BCT Investments division), and Residential Lending, supplemented by Treasury Management, Cash Management with Autobooks integration, and the Centsables youth financial education program.
Revenue is generated across four principal streams: (1) net interest income from a CRE, residential mortgage, construction/land development, and C&I loan portfolio funded by deposits and borrowings; (2) recurring wealth and investment management fees from trust services, BCT Investments, and the GWAccess platform (which rose 39% in Q1 2026 versus Q4 2025); (3) transactional mortgage and SBA loan sale gains (combined $902K in Q1 2026); and (4) transactional deposit and card service fees. The bank sells its services through a regional branch network, embedded commercial bankers in the Ashburn, VA office, online and mobile banking channels, and community-marketing events. The customer base is highly diversified across small and mid-sized businesses, government contractors, nonprofit organizations, local government agencies, and individual consumers. Capital return includes a quarterly cash dividend (raised 15% to $0.15/share in April 2026) and a stock repurchase plan authorizing up to $2.0M/100,000 shares through October 2027. The company is publicly quoted on the OTCID marketplace under symbol PTBS with approximately 4.14M shares outstanding and a market capitalization of approximately $89.3M.
Potomac Bancshares firmographics
Firmographics- Name
- Potomac Bancshares
- Legal name
- Potomac Bancshares, Inc.
- Website
- https://ir.mybct.bank
- Company type
- Public
- Founded year
- 1871
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Potomac Bancshares is the holding company for Potomac Bank, a 155-year-old community bank operating nine branches and loan production offices across West Virginia, Maryland, and Virginia, providing consumer and commercial banking, SBA lending, GovCon banking, treasury management, and wealth services to SMBs, government contractors, nonprofits, local governments, and individuals.
- Ownership category
- akta.pro rank
Potomac Bancshares industry classification
Industry- Product category
- Community Banking
- NAICS
- Offices of Bank Holding Companies (551111), Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Potomac Bancshares is headquartered
LocationHeadquarters
- HQ city
- Charles Town
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Potomac Bancshares business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loan portfolio including commercial real estate, residential mortgages, construction and land development, and commercial and industrial loans, offset by interest expense on deposits and borrowings.
- Wealth and Investment Management: Fees from wealth management division including trust services, BCT Investments, and GWAccess platform. Wealth management fees increased 39% in Q1 2026 compared to Q4 2025.
- Mortgage Banking: Gains and fees on sale of mortgage loans and SBA loans. Q1 2026 included $408 thousand in gains on sale of SBA loans and $494 thousand in mortgage loan sale gains/fees.
- Deposit and Card Fees: Service charges on deposit accounts, ATM and check card fees, and other banking service fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Quarterly | Quarterly cash dividend to shareholders |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Potomac Bancshares product offering
Product offeringCore offering
Potomac Bancshares is the bank holding company of Potomac Bank, a community bank founded in 1871. The bank offers consumer banking (checking, savings, CDs, IRAs, home equity, personal loans, credit cards), commercial banking (commercial loans, SBA lending, GovCon banking, cash management, business checking), residential mortgage lending, and trust and wealth management services (BCT Investments, trust administration). It operates nine full-service branches and two loan production offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Loudoun and Stafford Counties, Virginia.
Product overview
Potomac Bancshares operates Potomac Bank, a community-focused financial institution with a platform-plus-products architecture. The bank offers a comprehensive suite of banking services organized into four main divisions: Personal Banking (checking, savings, loans, credit cards), Business Banking (commercial loans, SBA lending, GovCon banking, cash management), Trust and Wealth Advisors (investment management, trust services, BCT Investments), and Residential Lending (mortgage services). Additional offerings include Treasury Management and the Centsables youth financial education program. The bank operates nine full-service branches and two loan production offices across West Virginia, Maryland, and Virginia.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Retail banking services for individual consumers including personal checking accounts, savings, certificates of deposit, IRAs, home equity lending, personal loans, consumer credit cards, and digital banking tools.
- Business Banking Commercial banking services including commercial loans, SBA Preferred Lender lending, GovCon banking, business checking accounts, cash management, fraud protection, and business credit cards for small and mid-sized businesses, government contractors, and local agencies.
- Trust and Wealth Advisors Trust and wealth management services delivered through the BCT Investments division, providing investment management and trust administration to individuals, nonprofits, and other clients via the GWAccess client platform.
- Residential Lending Residential mortgage origination and sale services for individual homebuyers and homeowners, generating gains and fees on sale of mortgage loans.
- Treasury Management Treasury management services for business clients including cash flow optimization, payables and receivables management, fraud protection, and banking technology solutions, with dedicated coverage in Northern Virginia.
Quantifiable outcome
- Net income increased 39% year-over-year to $3.0 million in Q1 2026
- +5 more outcomes
Companies that use Potomac Bancshares
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Potomac Bancshares technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Potomac Bancshares partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Equinity Trust Company, LLCcoreTransfer agent for Potomac Bancshares, Inc., providing stock transfer and registrar services from their New York office at 48 Wall Street. Equinity Trust Company handles all stock transfer, registration, and related shareholder services for the company's publicly traded shares.
- Yount, Hyde & Barbour, PCcoreIndependent auditing firm appointed to serve as the company's independent auditors for the year ending December 31, 2026. Shareholders ratified the appointment at the May 2026 annual meeting.
- Bavarian InnminorEuropean inspired boutique resort and fine dining establishment overlooking the Potomac River in Shepherdstown, WV. Hosted the 2026 annual shareholder meeting and reunion reception.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Potomac Bancshares competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Potomac Bancshares social profiles
Digital presencePotomac Bancshares financial estimates
Financial estimateRevenue estimate
Valuation estimate
Potomac Bancshares leadership team
Management profileNumber of profiles
Profiles13 records
Potomac Bancshares subsidiaries and ownership
Company hierarchySubsidiaries1 record
Potomac Bancshares funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Potomac Bancshares M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Potomac Bancshares
What does Potomac Bancshares do?
Potomac Bancshares is the bank holding company of Potomac Bank, a community bank founded in 1871. The bank offers consumer banking (checking, savings, CDs, IRAs, home equity, personal loans, credit cards), commercial banking (commercial loans, SBA lending, GovCon banking, cash management, business checking), residential mortgage lending, and trust and wealth management services (BCT Investments, trust administration). It operates nine full-service branches and two loan production offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Loudoun and Stafford Counties, Virginia.
Is Potomac Bancshares a public or private company?
Potomac Bancshares is a public company. It is classified as public and is currently operating.
When was Potomac Bancshares founded?
Potomac Bancshares was founded in 1871. It employs 51 to 100 people.
Where is Potomac Bancshares based?
Potomac Bancshares is headquartered in Charles Town, United States, in the North America region.
How does Potomac Bancshares make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are wealth and Investment Management, mortgage Banking and deposit and Card Fees.
Does Potomac Bancshares have an API?
No public API is recorded for Potomac Bancshares.
What industry is Potomac Bancshares in?
Potomac Bancshares's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 551111 and its SIC code is 6022.