Victory Bank in the News 2018

Photo; Edges of folded newspapers. No Link.

 
 
 
 
 Limerick, Pennsylvania – Joseph Major was a guest speaker for “This Month in Banking” hosted by The Kafafian Group, Inc. (TKG)
 
The discussion was about De Novo banks and how the banking industry has changed over the past decade. Major related The Victory Bank’s story and how challenges were overcome during the peak of the 2008 recession. The interview also included insights to current banking issues and raising capital.
 
The podcast can be heard by following this link.  This Month in Banking
 
Use the above to listen or go to iTunes, Soundcloud, Stitcher or wherever you get your podcasts.
 
The Victory Bank is locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000. Member FDIC
 

 LIMERICK, Pa., Oct. 18, 2018 -- The Victory Bancorp, Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per outstanding share of common stock. The dividend will be paid on or about December 3, 2018 to stockholders of record as of the close of business on November 16, 2018.


The Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (http://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania. As of September 30, 2018 The Victory Bank had total assets of $242.1 million, total deposits of $217.1 million, and total equity of $17.0 million. Additional information about Victory Bancorp is available on its website, www.victorybank.com.

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PRESS RELEASE

Limerick, Pennsylvania – The Victory Bancorp attended The MicroCap Conference in New York on October 1st and 2nd.

 

The exclusive event is dedicated to connecting the best small and micro-cap companies with high-level, institutional and retail investors.

 

Highlighting the most attractive companies over various sectors, up to 150 companies were present to attend expert panels and speakers.

 

The Victory Bancorp, Inc. is the parent company of The Victory Bank, a Pennsylvania state chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania. As of March 31, 2018 The Victory Bank had total assets of $225.6 million, total deposits of $189.4 million, and total equity of $20.3 million. Additional information about Victory Bancorp is available on its website, www.victorybank.com.

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Press Release

(Limerick, Pennsylvania) – The Victory Bank has named Danielle Millar, Loan Documentation Specialist. In her new position she will be responsible for the creation of new loan packages, booking new loans and recording collateral all while continuing to provide excellent customer service to internal and external customers. Millar was most recently a Relationship Assistant in commercial lending since June 2015. Her background includes over 8 years of banking as well as 3 years of active duty service in the US Army. She is a resident of Lower Pottsgrove.
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(Limerick, Pennsylvania) –The Victory Bank has promoted Bristol Sauer to a Personal Banker from her previous position as a Banking Center Representative. Sauer holds a Bachelor’s degree in Chemical Management from Elizabethtown College. She is responsible for providing superior customer service by providing efficient and timely response to all customers, verifying and posting transactions, and responding accurately to all account inquiries. Sauer came to Victory Bank as an intern where both she and team members discovered her talent in the financial field. Sauer resides in Reading.
The Victory Bank is locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000. Member FDIC
 
(Limerick, Pennsylvania) –The Victory Bank has hired Sally Shirk as Loan Operations Manager. Shirk is a graduate of the Central Atlantic Banking School program held at Bucknell University in Lewisburg, PA. She will be responsible for managing the loan operations department including managing the documentation process and efficiencies, and loan participations. Shirk brings over 20 years of lending and back-office operations experience to the bank. She has extensive experience in the management of departments of eight or more staff, established new products/program implementations and realized departmental efficiencies. Shirk resides in Fleetwood.

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(Limerick, Pennsylvania) –The Victory Bank has hired Nicole Crocker as a Marketing Coordinator. Crocker attended the University of Dearborn for Finance, is a certified Internet Webmaster, and has extensive training from the American Bankers Association. She will be responsible for assisting in creating marketing initiatives, collateral materials, advertisements, website and SEO enhancements, as well as social media content. Crocker has many years of banking and finance experience as a Commercial Lending Assistant, Web Developer/ Support Administrator, and an Executive Assistant. Crocker resides in Barto.

The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000.
Member FDIC
 
Limerick, Pennsylvania – The Victory Bank today announced the launch two new banking products and an interactive, online financial education initiative.
 
The two products are a paired checking and savings account named “Victory Pioneer Accounts.” Among other benefits, account holders will enjoy no monthly service fees, no minimum balance requirements, and a competitive interest rate on the savings account.
The Financial Literacy Program is through their new partnership with the nation’s leading education technology innovator, EVERFI, Inc. This program is available as a complimentary resource to help The Victory Bank community members learn how to manage their finances and plan for the future.
 
An incentive is offered to participants of the program, where they can qualify to earn up to $100. (See www.victorybank.com for full details.)
The Financial Literacy program offers an assortment of adult financial education learning topics, with subjects including building emergency savings, mortgage education and retirement planning. Each learning topic is 3-10 minutes in length and is designed to encourage participants to build financial confidence via a series of interactive activities. The mobile and tablet-friendly program is available in English and Spanish.
 
The Victory Bank is committed to empowering their community members with the skills they need to thrive financially.

“As a trusted partner and leader with nearly a decade of experience providing financial education for learners of all ages, EVERFI believes that financial capability is and must be within reach for all consumers and communities, regardless of their financial means,“ said EVERFI Co-Founder and President of Financial Education, Ray Martinez. “This program empowers financial institutions by showing them how to educate their consumers to take control of their financial health.”
 
The Victory Bank is locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000. Member FDIC

EVERFI is the leading education technology company that provides learners of all ages education for the real world, through innovative and scalable digital learning. EVERFI powers community focused financial education for 750 financial institutions across the country. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 18 million learners in critical skill areas. Some of America's leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, TPG Growth, The Rise Fund, Advance Publications, and Rethink Education, and Rethink Impact. The EVERFI Education Network powers more than 4,200 partners in their education initiatives across all 50 states and Canada. Learn more at EVERFI.com
 
 
Limerick, Pa. – Joseph W. Major, bank leader, chairman and chief executive officer of The Victory Bank, will complete his term as chair of the Pennsylvania Bankers Association (PA Bankers) on June 30, moving into the elected role of immediate past chair.
In his role as chair, Major oversaw PA Bankers’ Board of Directors’ policies and procedures and the strategic direction of the association. He traveled throughout the state to represent the association at industry events, as well as advocated for banking-friendly policies at both the state and federal levels.
“Joe and I have worked closely together over the past year, and I applaud his tremendous dedication, energy and passion,” said Duncan Campbell, PA Bankers’ president and CEO. “He has challenged all of us to be a more caring group of citizens, working to serve our communities in order to ensure a positive future for all people.”
As chair, Major helped to launch and champion the association’s involvement with the Philadelphia OIC’s BankWork$ program, which trains low-income and minority adults for entry-level positions within the banking industry. He is a frequent guest teacher with the successful program, which recently graduated its third cycle of students.
As immediate past chair, Major will continue to serve on the association’s Board of Directors, helping to lead Pennsylvania’s largest banking trade association for the upcoming year, beginning July 1, 2018. In his new role, he will chair the association’s personnel committee and serve on its nominating committee.
Major previously served as the President and CEO of Vartan National Bank, Patriot Bank Corp., director of The First National Bank of Liverpool, and a director of ETA, a bank data processing service bureau located in central Pennsylvania. He has served for several years as a board member of the Pennsylvania Bankers Association and its Services Corporation and served as the Chairman of the Professional Development Committee.
Joe has served as a volunteer and board member of many local non-profit and charitable endeavors, and as a director of the PABanker’s Advanced School of Banking. Joe currently teaches at both the PA Banker’s School of Banking and its Advanced School of Banking. In addition to his undergraduate degree in business, Mr. Major holds a JD from the University of Akron, and is an honor’s graduate of the ABA’s Stonier Graduate School of Banking (98), where he currently serves as a Capstone Advisor to members of the third year class.

The Pennsylvania Bankers Association, located in Harrisburg, is the state’s leading banking trade association representing an expansive and diverse membership. The association offers extensive continuing education programs, government relations representation on behalf of the industry, and provides numerous products and services for banks and their employees.
The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Montgomery County, Pennsylvania. The bank was founded to optimize the financial lives of businesses, professionals, and consumers.
For more information, call 610-948-9000. Member FDIC.

PRESS RELEASE

(Limerick, Pennsylvania) – The Victory Bank is pleased to announce Diana Liriano, BSA Analyst/Deposit Operations has successfully completed the Leadership TriCounty program offered through the TriCounty Chamber of Commerce. Diana attended monthly programs over the past 10 months designed to train and provide new and emerging leaders with the expertise to serve on non-profit boards. Diana’s chosen project was to evaluate and recommend expanding social media presence for Salvation Army’s Pottstown Works located in Pottstown, PA. She also assisted in developing a marketing plan to reach those in the community who do not have access to the internet or other resources to source assistance. “My favorite part was to discover the many organizations which assist those in need in the Greater Pottstown community. I look forward to lending my time and continuing to make an impact! I would recommend this program to anyone in any role; it will help you develop your own leadership skills.”

The Victory Bank is also pleased to announce Bill Vitiello, Business Development Officer-AVP, has recently been confirmed as the new Chairman for the Montgomery County Community College Alumni Association. Bill begins a two year term of representing 55,000 alumni making a difference in our community and workplaces around the world. The Alumni Association offers events and opportunities for alumni to network with each other and the student community. “I’m proud to continue Victory’s mission of community involvement with my new Chairman role. I look forward to continue giving back to the Moncto community which provided me so much growing up. I’m also eager to re-connect and meet new alumni!”

The Victory Bank is locally owned and operated commercial bank headquartered in Limerick, Pennsylvania.  The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers.  For more information, call 610-948-9000. Member FDIC 

 

PRESS RELEASE


(Limerick, Pennsylvania) Victory Bank named Best Bank in Montgomery County for 2018.
 
Customers and friends of Victory Bank voted in the popular people’s choice competition, The Happening List for Montco. For the second year in a row, Victory Bank wins as the Best Bank in Montgomery County.
 
The employees of Victory Bank strive to deliver exceptional personal service for the banking needs of business owners, government entities and consumers. Their goal is to deliver fair value and professional advice in a convenient and highly responsive manner. Winning this prestigious award proves they live true to their word.
 
The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Montgomery County, Pennsylvania. The bank was founded to optimize the financial lives of businesses, professionals, and consumers.
 
For more information, call 610-948-9000 or visit www.victorybank.com. Member FDIC.
 
 
 

Limerick, PA (Business Wire) — April 19, 2018. The Victory Bancorp, Inc. VTYB (the

"Company") today announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per outstanding share of common stock. The dividend will be paid on or about May 31, 2018 to stockholders of record as of the close of business on April 30, 2018.

The Victory Bancorp, Inc. is the parent company of The Victory Bank, a Pennsylvania state chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania. As of March 31, 2018 The Victory Bank had total assets of $225.6 million, total deposits of $189.4 million, and total equity of $20.3 million. Additional information about Victory Bancorp is available on its website, www.victorybank.com. 




PRESS RELEASE



MONETT, Mo., April 17, 2018 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division announced today that The Victory Bank has selected its Commercial Lending Center Suite™ to elevate the borrower experience and support additional commercial loan growth.

Limerick, Pennsylvania-based The Victory Bank specializes in commercial lending and has a well-established regional footprint. The bank has $220 million in assets and wanted to bring in technology that would better support the work of its talented loan team to continue growing the business at a strong pace. With Commercial Lending Center Suite, The Victory Bank is adopting a digital lending platform that will allow them to more seamlessly manage borrower relationships from one loan experience to the next.

Commercial Lending Center Suite permits interested borrowers to easily request loans online, bridging the gap between client expectations and normal banking hours. The technology allows borrowers and financial institutions to more conveniently interact and securely exchange information.

Saul Rivkin, senior vice president and director of institutional relationships for The Victory Bank, stated, "New disruptors are entering the lending space; however, these organizations lack the experience and trust found within traditional financial institutions. At The Victory Bank, delivering exceptional customer service is our number one priority, which is why we're partnering with ProfitStars to digitize the commercial lending process and improve how borrowers interact with us. With Commercial Lending Center Suite, we will be able to provide the speed and advanced technology required to meet borrowers' expectations."

With Commercial Lending Center Suite, The Victory Bank will benefit from all-digital loan origination, decisioning, and portfolio management workflows that save time, improve accuracy, and boost efficiencies in the commercial lending process. Because the platform removes data from silos and houses it in one central location, bankers are armed with a more comprehensive view of individual borrower relationships as well the institution's entire lending portfolio. This transparency will enable more open internal collaboration between members of The Victory Bank's lending team.

Russ Bernthal, president of ProfitStars, added, "Too often today, we see financial institutions that have cobbled together certain pieces and parts necessary to facilitate commercial loans. This creates disparate databases, which are detrimental to operational efficiency and the borrower experience. The Victory Bank understands the importance of a platform approach to commercial lending, one that puts the borrower experience first. By leveraging Commercial Lending Center Suite, The Victory Bank is combining proven banking principles with advanced technology to bring speed and convenience to the borrower, while simultaneously introducing newfound efficiency and transparency to its back office."

About ProfitStars

ProfitStars®, a division of Jack Henry & Associates, Inc.®, helps financial institutions of every asset size and charter, and diverse corporate entities, proactively identify and prepare for risks and market changes that could negatively impact their business. ProfitStars' industry-leading solutions and services include JHA Payment SolutionsTM, Information Security & Risk Management, Online & Mobile, Lending, Financial Performance, and Imaging/Data Management. These solutions help approximately 8,000 clients mitigate and control risks, optimize revenue and growth opportunities, contain costs, and drive future success. Additional information is available at www.profitstars.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve approximately 9,000 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.


PRESS RELEASE

 (Limerick, Pennsylvania) Last week the Perkiomen Valley Chamber of Commerce held their annual meeting and also awarded the Marvin J. Lewis Community Service award to Victory Bank’s Vincent (Vince) Raffeo. This community service award is presented to an outstanding member of the community who qualifies both in deed and spirit and who, through their long-term efforts and involvement, have made a significant, positive impact upon life within the Perkiomen Valley.

Vince has a diverse background. For the past 19 years he has worked in business development in the financial services industry. In addition, he is a property developer and manager. Vince was honored with The Golden Brush award by the Collegeville Main Street Program Design Committee for an exceptional job in maintaining, renovating, and updating his Collegeville Main Street Property.

A resident of North Coventry, Vince attended Ursinus College and has taken Dale Carnegie courses. Vince is a member of the Collegeville Rotary Club where he served as past president. In addition, Vince is a volunteer for the Montgomery County Youth Panel, board member for the Montgomery County Visiting Nurses Association and Collegeville Economic Development Corporation, and volunteer for SCORE financial counseling services. He is an honorary member of the Collegeville Fire Compafty years.

The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Montgomery County, Pennsylvania. The bank was founded to optimize the financial lives of businesses, professionals, and consumers. Member FDIC.

PRESS RELEASE

(Limerick, Pennsylvania) –The Victory Bank has hired Bristol Sauer as a Banking Center Representative. Sauer holds a Bachelor’s degree in Chemical Management from Elizabethtown College. She is responsible for providing superior customer service by providing efficient and timely response to all customers, verifying and posting transactions, and responding accurately to all account inquiries. Sauer came to Victory Bank as an intern where both she and team members discovered her talent in the financial field. Sauer resides in Reading.

The Victory Bank has named Jodi Moore, Junior Credit Analyst. In her new position she will perform credit analysis, reporting, and commercial underwriting.

Moore was most recently a Loan Operations Specialist since 2015 and formerly served as Administrative Assistant at The Victory Bank, with nearly 20 years in the banking and financial industry. Jodi holds a Bachelor’s Degree in Business Management cum laude from Alvernia College. She is a resident of Birdsboro.

The Victory Bank is locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000 or visit www.victorybank.com. Member FDIC

PRESS RELEASE

(Limerick, Pennsylvania) –The Victory Bank has hired Bill Vitiello as a Business Development Officer, AVP. As a member of the community since 1999, Bill has come to be a trusted advisor to personal and business customers alike. He possesses years of retail banking experience and has helped thousands of customers meet their financial goals.

In his community, Bill serves as Ambassador for the TriCounty Chamber of Commerce, serves on the Montgomery County Community College Alumni Association Board of Directors, and serves as Social Media/Marketing volunteer for Phoenixville Area Community Services.

Sasha Ramos was hired as a Loan Documentation Specialist. Sasha has experience as a loan closer at other local banks and title companies. She has five years of tenure and a vast knowledge of mortgage loan closing. Sasha is responsible for creating new loan packages while providing excellent service to our clients.

The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Pennsylvania. The bank was founded to optimize the financial lives of business, professionals, government/public entities, and consumers. For more information, call 610-948-9000. Member FDIC


PRESS RELEASE

NEW YORK – March 12, 2018 – OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Victory Bancorp Inc. (OTCQX: VTYB), the parent bank holding company of The Victory Bank, a Pennsylvania state-chartered commercial bank, headquartered in Limerick, Pennsylvania, has qualified to trade on the OTCQX® Best Market.


Victory Bancorp begins trading today on OTCQX under the symbol “VTYB.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.


“We are pleased to welcome Victory Bancorp to OTCQX and look forward to supporting the company,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. 


“We are thrilled to begin trading our shares on the OTCQX Market. It is ideally suited for a bank holding company of our size and will provide a liquid market for our shareholders,” said Joseph Major, CEO and Chairman of Victory Bancorp.


Victory Bancorp was sponsored for OTCQX by Boenning & Scattergood, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.


About Victory Bancorp, Inc.

The Victory Bancorp, Inc. is the parent company of The Victory Bank, a Pennsylvania state chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania. As of December 31, 2017, The Victory Bank had total assets of $220.7 million, total deposits of $190.0 million, and total equity of $19.8 million. Additional information about Victory Bancorp is available on its website, www.victorybank.com.


About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.


To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com


OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

Subscribe to the OTC Markets RSS Feed


Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

PRESS RELEASE

PRESS RELEASE 

Contact: 

Joseph W. Major

Chairman and Chief Executive Officer

(610) 948-9000


VICTORY BANCORP, INC. 

ANNOUNCES QUARTERLY CASH DIVIDEND

Limerick, PA (Business Wire) – January 25, 2018. Victory Bancorp, Inc. (the

“Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per outstanding share of common stock. The dividend will be paid on or about

February 28, 2018 to stockholders of record as of the close of business on February 5, 2018. 


Victory Bancorp, Inc. is the parent company of The Victory Bank, a Pennsylvania state chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania. As of December 31, 2017, The Victory Bank had total assets of $220.7 million, total deposits of $190.0 million, and total equity of $19.8 million. Additional information about Victory Bancorp is available on its website, www.thevictorybank.com. 

PRESS RELEASE 

 

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