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) February 26, 2003
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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
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
For Immediate Release
The Board of Directors of Potomac Bancshares, Inc. has approved a 200% stock
dividend to all shareholders of record as of February 15, 2003. If a shareholder
currently owns 100 shares of Potomac Bancshares stock, they will receive an
additional 200 shares of common stock giving them a total of 300 shares. This
stock dividend is payable on March 1, 2003.
Future dividends will be paid on a quarterly basis rather than on a semi-annual
basis as has been traditional.
The first quarterly dividend is equal to $.13 per share for all shareholders of
record on February 15, 2003. This cash dividend was declared following approval
of the stock dividend. In the previous example, a shareholder would now have 300
shares of stock and the gross dividend would be $39.00 (300 shares x $.13 per
share). This cash dividend is also payable on March 1, 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 February 26, 2003 /s/Robert F. Baronner, Jr.
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Robert F. Baronner, Jr., President and CEO