Potomac Bancshares

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.

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

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

• Community banking services
• Commercial lending
• Wealth management
• SBA lending
• Treasury management

Headquarters

HQ city

Charles Town

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. Deposit and Card Fees: Service charges on deposit accounts, ATM and check card fees, and other banking service fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Equinity Trust Company, LLCcoreOthersTransfer 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, PCcoreOthersIndependent 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 InnminorOthersEuropean 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

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/mybct
• Facebookfacebook.com/BankOfCharlesTown
• LinkedInlinkedin.com/company/bank-of-charles-town
• Instagraminstagram.com/mybct

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Potomac Bancshares