SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) April 30, 2003
Potomac Bancshares, Inc.
(Exact Name of Registrant as Specified in Charter)
West Virginia 0-24958 55-0732247
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
111 E. Washington St., PO Box 906, Charles Town WV 25414-0906
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 304-725-8431
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
For Immediate Release
Potomac Bancshares, Inc. President and CEO Robert F. Baronner announced that the
company's Board of Directors approved $.1325 per share (thirteen and one quarter
cent) cash dividend for the second quarter of 2003. The dividend represents a
1.9% increase over the dividend paid in the first quarter of 2003. This cash
dividend is payable to all shareholders of record as of May 15, 2003 with the
actual payment of the dividend to occur on June 1, 2003. It should be noted that
Potomac Bancshares began paying quarterly rather than semi-annual dividends at
the beginning of 2003.
Potomac Bancshares, Inc. is a public company trading under the ticker symbol
PTBS. Potomac Bancshares is the one bank holding company for Bank of Charles
Town (BCT) located in Charles Town, West Virginia.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements - None
(b) Pro Forma Financial Information - None
(c) Exhibits - None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Potomac Bancshares, Inc.
Date April 30, 2003 /s/ Robert F. Baronner, Jr.
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Robert F. Baronner, Jr., President and CEO