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BUCHANAN, Va., May 12, 2025 /PRNewswire/ -- Bank of Botetourt (OTCPK: BORT and OTCPK: BORTP) celebrated the grand opening of its newest full-service branch at Melrose Plaza in Northwest Roanoke with a ribbon-cutting ceremony attended by city officials, community leaders, and local partners on Friday, May 9th. The event marked a major milestone for the Bank and a significant investment in one of the city's most resilient and vibrant communities.
The 2,600-square-foot branch is the Bank's first location in the City of Roanoke. The new office features a 24/7 ATM, three newly hired employees. It provides not only traditional banking services but also free one-on-one financial coaching to help individuals and families build a stronger financial future.
BUCHANAN, Va., May 1, 2025 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three months-ended March 31, 2025. The Bank produced net income amounting to $2,044,000 or $0.98 per basic share in the first quarter. This amount compares to net income of $1,828,000 or $0.88 per share, for the same period last year.
At March 31, 2025, select financial information and key highlights include:
Return on average assets of 0.95%Return on average equity of 9.77%Book value of $39.83Total deposit growth of 0.50%Total asset growth of 0.72%Total loan growth of 2.27%Community Bank Leverage Ratio of 10.22%Net Interest Margin of 3.59%BUCHANAN, Va., April 2, 2025 /PRNewswire/ -- Bank of Botetourt (OTCPK:BORT and BORTP) announces that G. Lyn Hayth, III will retire as Chief Executive Officer on June 30, 2025, after dedicating nearly four decades to the Bank. Hayth will remain Vice-Chair of the Board of Directors and transition into a part-time role as Chief Strategic Officer, where he will focus on strategic initiatives and leadership transition. The Board of Directors has appointed Michelle R. Austin, current President and Chief Operating Officer, as President and Chief Executive Officer, effective July 1,2025.
BUCHANAN, Va., Jan. 30, 2025 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and twelve months ended December 31, 2024. The Bank produced net income amounting to $1,954,000 or $0.94 per basic share in the fourth quarter. This amount compares to net income of $1,800,000 or $0.86 per share, for the same period last year. For the twelve months ended December 31, 2024, the Bank produced net income amounting to $7,942,000 or $3.82 per basic share. This amount compares to a net income of $8,173,000 or $3.95 per share, for the same period last year.
BUCHANAN, Va., Oct. 31, 2024 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and nine months-ended September 30, 2024. The Bank produced net income amounting to $1,967,000 or $0.94 per basic share in the third quarter. This amount compares to net income of $2,085,000 or $1.01 per share, for the same period last year. For the nine months-ended the Bank produced net income amounting to $5,988,000 or $2.88 per basic share. This amount compares to a net income of $6,372,000 or $3.09 per share, for the same period last year.
BUCHANAN, Va., Oct. 1, 2024 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) Bank of Botetourt, one of Virginia's six oldest banks, commemorated its 125th anniversary at The Hotel Roanoke and Conference Center in Roanoke, Virginia. This milestone celebrated a rich history of service, innovation, and commitment to the communities it serves. Established in 1899 as Bank of Buchanan, the institution has grown to become the largest community bank headquartered in the Roanoke Metropolitan Service Area.