Potomac Bank Selected a "Best Bank to Work For" by American Banker for Sixth Time
MWN-AI** Summary
Potomac Bank has been honored by American Banker as one of the "Best Banks to Work For" for the sixth time in the past seven years, specifically in the category for banks with total assets under $3 billion. This esteemed recognition, implemented since 2013, is awarded to banks across the United States that demonstrate high levels of employee satisfaction and engagement. Potomac Bank's consistent acknowledgment reflects its commitment to cultivating an excellent workplace environment characterized by strong corporate culture, training opportunities, and a sense of belonging among employees.
American Banker evaluates candidates through thorough employee surveys that assess various aspects of the workplace, including leadership engagement, employee benefits, and team camaraderie. Alice P. Frazier, President and CEO of Potomac Bank, expressed her pride in this recognition and emphasized the importance of creating a valued and connected workforce. The bank encourages a culture of accountability and fun, promoting initiatives such as ownership opportunities for employees and paid time off for volunteer work.
Founded in 1871, Potomac Bank, formerly known as the Bank of Charles Town, has grown its assets to approximately $962 million as of September 2025. The bank operates across multiple branches in West Virginia, Maryland, and Virginia and offers a range of financial services, including loans and wealth management. It has garnered additional accolades, including being named a "Top 200 Community Bank" by American Banker in 2023.
Potomac Bank continues to showcase its dedication not only to financial excellence but also to creating an engaging work environment, solidifying its reputation as a desirable employer in the financial sector.
MWN-AI** Analysis
Potomac Bank's recent recognition as a "Best Bank to Work For" by American Banker for the sixth time highlights its commitment to employee satisfaction and engagement, critical factors in the financial sector's competitive landscape. With its established reputation and recent accolades, investors might want to consider the potential implications for the bank's growth and stock performance.
Firstly, employee satisfaction correlates strongly with productivity and customer service quality. Potomac's implementation of initiatives that foster a positive work environment—such as paid volunteering, employee ownership programs, and regular appreciation events—suggests a robust corporate culture that can attract and retain talent. This cohesion often leads to superior client interactions, fostering customer loyalty and potentially boosting deposit growth and loan origination.
Additionally, Potomac Bank’s operational metrics, including nearly $1 billion in assets and a diverse lending portfolio, position it strategically for growth. Being a Small Business Administration (SBA) Preferred Lender enhances its appeal to local businesses, which can drive loan demand in its service areas across West Virginia, Maryland, and Virginia.
From a valuation perspective, with the company's stock marketed under the OTCID symbol "PTBS," it may appeal to investors seeking community bank exposure in a sector known for stability and growth. As a company recognized for its performance and culture, Potomac Bank could show resilience amid market fluctuations, contributing to long-term shareholder value.
For prospective investors, monitoring the bank’s quarterly performance and further shareholder initiatives will be crucial. If Potomac continues to excel in employee engagement and maintains its service quality, it is likely to achieve sustainable growth, making it a potentially attractive investment in the community banking segment.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
CHARLES TOWN, W.Va., Dec. 15, 2025 /PRNewswire/ -- (OTCID:PTBS) Potomac Bank recently announced its selection by American Banker as a 2025 "Best Banks to Work For" of banks whose total assets were less than $3 billion. Potomac Bank has been selected for this honor six of the last seven years.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes, and honors banks within the United States of America for outstanding employee satisfaction. Full results of this year's program are available at American Banker.
In addition to researching each bank's overall story, American Banker surveys employees with in-depth questions to provide significant data about employee engagement. Banks making the list tend to prioritize engaged leaders, a strong corporate culture, job training and advancement and a feeling of belonging within the organization. Generous employee benefits, such as paid time off to volunteer and regular employee appreciation events, were also key, as was making time to have fun as a group.
"Being recognized for this honor a sixth time is extremely gratifying," stated Alice P. Frazier, President and CEO of Potomac Bank. "We believe great client service flows directly through our employees. Therefore, our leaders work hard to create a workplace where employees feel valued and connected through multiple initiatives that help build a great team, from making every employee an owner/shareholder to paid time off for volunteering. We also foster an environment of responsible ME's who are accountable to the collective WE, which generates an exciting and energetic experience each and every day. And we like to laugh, a lot!"
Best Companies Group managed the overall registration and survey process and also analyzed the data, using their expertise to determine the final ranking. The program is open to commercial banks, thrifts, savings banks and other chartered retail financial institutions with at least 50 employees in the United States and total assets under $3 billion.
About Potomac Bank
Founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025, Potomac Bank is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTCID:PTBS). With approximately $962 million in assets as of September 30, 2025, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices. Offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank 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, the Trust and Wealth division has provided caring and personalized trust services, growing into a premier financial management, investment strategies, and estate services provider. The Bank also provides convenient online and mobile banking for individuals, businesses, and local governments plus free access to over 55,000 ATMs through the Allpoint® network plus another approximately 675 free access ATMs through another partnership. Potomac Bank was voted a "Loudoun's Favorite" winner in the 2025 LoudounNow readers' poll in multiple categories: Bank, Financial Planner, Mortgage Company, and Mortgage Broker, plus runner-up for Banker. The Bank was also voted a "Best of the Best" winner in the 2025 Martinsburg Journal-News Readers' Choice Awards in four categories: Bank, Loan Services, Financial Planning, and Mortgage Lending. In 2023, American Banker selected Potomac Bank as a "Top 200 Community Bank," an annual listing of the best performing banks in the United States with assets under $2 billion. Since 2019, the Bank has been named a "Best Bank To Work For" by American Banker six times.
The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." Individuals may purchase shares through one's personal broker. For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.potomac.bank.
SOURCE Potomac Bank
FAQ**
How does Potomac Bancshares Inc. (PTBS) plan to maintain its high employee satisfaction and engagement levels that contributed to its selection as a "Best Bank to Work For" for the sixth time?
What specific employee benefits and programs does Potomac Bancshares Inc. (PTBS) offer that help foster a strong corporate culture and connection among employees?
Given its recent accolades, how does Potomac Bancshares Inc. (PTBS) intend to leverage its recognition to attract new talent and customers while maintaining its commitment to community service?
What are the long-term goals of Potomac Bancshares Inc. (PTBS) in terms of expanding its services and market presence while continuing to prioritize employee satisfaction and performance?
**MWN-AI FAQ is based on asking OpenAI questions about Potomac Bancshares Inc. (OTC: PTBS).
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