Wall Street closes at a record for the first time since end of January
CHARLES TOWN, W.Va. - Potomac Bank (OTCID:PTBS) announced today the promotion of Lance Nobles to Executive Vice President and Director of Commercial Real Estate Lending, according to a press release statement.
Nobles, who joined the bank in 2019, will lead the commercial real estate lending team from the company’s Ashburn, Virginia office. His responsibilities include overseeing the newly launched commercial banker development program.
Raymond Goodrich, Executive Vice President and Chief Lending Officer, stated that Nobles has demonstrated dedication and leadership in advancing the bank’s commercial real estate presence and driving growth in Loudoun County and surrounding markets.
Nobles holds a Certified Commercial Investment Member (CCIM) designation, which he received in 2014. He earned an Executive MBA and an undergraduate degree in Marketing from Louisiana State University and is a graduate of the Graduate School of Banking at LSU.
Potomac Bank, formerly known as Bank of Charles Town until November 3, 2025, was founded in 1871. The bank reported total assets of $944 million as of December 31, 2026. The company’s stock has performed strongly, delivering a 37% return over the past year and currently trading at $19.75, near its 52-week high of $20.28. With a market capitalization of $81.86 million and a P/E ratio of 9.14, the bank trades at an attractive valuation relative to its growth prospects. According to InvestingPro analysis, PTBS appears overvalued at current levels. The bank has demonstrated shareholder commitment, raising its dividend for five consecutive years while maintaining a 2.63% dividend yield. The company operates through nine branches and one loan production office serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia.
The bank provides financial services through its consumer and commercial banking divisions, Trust, Wealth, and BCT Investments divisions, and its Residential Lending mortgage division. Potomac Bank is designated as a Small Business Administration Preferred Lender.
In other recent news, Potomac Bancshares, Inc. has declared a quarterly cash dividend of $0.13 per share on its common stock. This announcement was made by the company’s Board of Directors. The dividend is scheduled to be payable on February 12, 2026, for shareholders who are on record as of February 5, 2026. This development highlights the company’s ongoing commitment to providing returns to its shareholders. Potomac Bancshares continues to maintain its dividend policy, demonstrating financial stability and consistent performance. Investors may find this information valuable as it reflects the company’s current financial practices. The announcement was made through a company press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.