Potomac Bank has named Anthony Ranghelli as its new Chief Innovation and Strategy Officer, a move the bank states bolsters its commitment to innovation. In this senior leadership role, Ranghelli will spearhead the implementation of new ideas, experiences, products, and processes across the organization. He will also continue to oversee IT, Digital, Information Security, and Fintech initiatives.
Alice P. Frazier, President and CEO of Potomac Bank, expressed confidence in Ranghelli’s qualifications for the expanded role. “There is no one better qualified to lead our innovation efforts than Anthony,” Frazier stated. She highlighted his consistent leadership in guiding the bank’s technology initiatives to provide clients with advanced banking tools. In his new capacity, Ranghelli will also direct strategic transformation efforts throughout the entire company.
Ranghelli brings a strong educational background to his new position. He holds a Global Executive MBA from the University of Virginia Darden School of Business and an MS in Management of Information Technology from the McIntire School of Commerce at the University of Virginia. He also completed the Bank Technology Management program at the Graduate School of Banking at the University of Wisconsin-Madison. His undergraduate degree is a BS from James Madison University in Health Professions and Related Clinical Sciences. Additionally, Ranghelli is a certified Project Management Professional (PMP) and has completed a Design Thinking for Innovation certification at UVA.
Potomac Bank, formerly known as Bank of Charles Town, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTCID: PTBS). Founded in 1871, the bank was renamed Potomac Bank on November 3, 2025. As of June 30, 2026, the company reported total assets of $981 million. The bank operates through a network of nine branches and two loan production offices. These locations serve the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia.
The institution offers a wide range of financial solutions. These include consumer and commercial banking services, Trust, Wealth, and BCT Investments divisions, and a Residential Lending mortgage division. Potomac Bank also holds the distinction of being a Small Business Administration (SBA) Preferred Lender. In recent years, the bank has garnered several accolades, including recognition from American Banker as one of the “Top Performing Banks” (under $2 billion in assets) and “Best Banks to Work For.” It has also received the Journal-News “Best of the Best” award and the LoudounNow “Loudoun’s Favorite” award.
Ranghelli’s new responsibilities as Chief Innovation and Strategy Officer are designed to drive forward the bank’s strategic vision. The role emphasizes the creation of meaningful value and the development of solutions for specific challenges faced by the bank and its customers. By integrating innovation with strategic planning, Potomac Bank aims to enhance its competitive position and adapt to the evolving financial landscape. Ranghelli’s continued oversight of critical technology and security functions ensures a cohesive approach to digital transformation and operational excellence.
The bank’s commitment to innovation is further demonstrated by Ranghelli’s extensive qualifications and leadership experience. His background in information technology management, project management, and design thinking provides a solid foundation for developing and implementing forward-thinking strategies. Potomac Bank’s strategic focus on innovation is expected to yield new client experiences and improved product offerings, reinforcing its long-standing reputation as a community-focused financial institution.
