Potomac Bancshares, Inc. Releases 2015 Fourth Quarter And Full Year Results

CHARLES TOWN, W.Va., Jan. 29, 2016

In the fourth quarter, Potomac Bancshares, Inc. repurchased 7,403 shares bringing the total shares repurchased for the year to 45,177.  President and CEO, Robert F. Baronner, Jr. said, "We will continue to repurchase our stock from time to time."

There is an optimistic economic view for 2016 that includes the much talked about "Procter and Gamble" manufacturing plant that began construction last fall in Berkeley County.  In addition, we anticipate that vendors who will support P & G will also begin construction in the coming years. The culmination of these factors should bring well paid long term jobs, the return to a robust home real estate market, and a stronger tax base that will help the infrastructure as our area continues to expand.

It's our belief that things look bright in the market we operate and, in turn, we feel strong about the future performance of our company.  Based on the dividend we have been paying and the price our stock has been trading at, the taxable yield has been nearly 3%, which is above other comparable investments.  Also, on the attached page you'll see that our growth, profitability, and Safety and Soundness ratings are very good compared to our peers.  Given our turnaround from one of the worst recessions since 1929, PTBS continues to trade at a discount to book value.  Should you need information on PTBS feel free to contact our President and CEO, Robert F. Baronner, Jr., at 304-728-2431. As always, thank you for your support.  

Bank of Charles Town, a wholly owned subsidiary of Potomac Bancshares, Inc., is a locally owned community bank with seven offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland and Middleburg, Virginia.  For more information, visit us online at www.mybct.com or speak to our staff by calling 304-725-8431.