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LIMERICK PENNSYLVANIA  --  April 18, 2019 – The Victory Bancorp, Inc. (OTCQX:VTYB) announced unaudited results for the quarter ended March 31, 2019. Highlights include an earnings increase of 24% over the quarter ended March 31, 2018 and asset growth of $35.9 million and a 16% increase in stockholder’s equity when comparing March 31, 2019 and March 31, 2018. Net income increased $98 thousand to $504 thousand, or approximately 26 cents per common share for the quarter ended March 31, 2019 as compared to $406 thousand for the quarter ended March 31, 2018.

Joseph W. Major, Chairman and CEO, stated, “Our first quarter results show a continuing trend in our growth and improved earnings. Our success is based on having a clear strategy and consistent implementation, rather than being distracted by every current trend. We strive to deliver first-class banking services by attracting, training and retaining what we believe is a markedly superior work force, coupled with the judicious use of the very latest of modern technology, resulting in an exceptional client experience.”

Deposits grew $9.3 million in the quarter ended March 31, 2019 and net loans increased $2.8 million during the same period. Total assets also increased by $9.8 million for the quarter.

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.  Additional information about Victory Bancorp is available on this website.

This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services.

Victory Bancorp, Inc. Announces Private Placement of $3 million of Subordinated Notes

Limerick, Pa.—Victory Bancorp, Inc. (the “Company”) (OTCQX: VTYB) announced today that it has completed a private placement of $3.0 million in subordinated notes (Notes) to an  institutional investor. The Notes are structured to qualify for the Company as Tier 2 capital under regulatory guidelines.

The Company intends to gradually contribute substantially all of the proceeds to The Victory Bank, which will increase the overall lending capacity of the Bank as it continues to serve small and medium-sized businesses, professionals, and consumers along the Route 422 corridor. 

 “We are pleased to announce the completion of this debt offering. This transaction will fortify the Company’s capital and liquidity positions.” said Joseph W. Major, Chairman and Chief Executive Officer of the Company.

FIG Partners LLC served as the placement agent for the private offering.

The Notes are not registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and will not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

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, 2018 The Victory Bank had total assets of $251.5 million, total deposits of $223.9 million, and total equity of $22.4 million. Additional information about Victory Bancorp is available on this website.

Additional information about Victory Bancorp is available on its website, www.victorybank.com.

Forward-Looking Statements

This press release contains forward-looking statements about the offering.  Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”  Forward-looking statements, by their nature, are subject to risks and uncertainties.  Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged.

 

Press Release

Victory Bancorp to Webcast Live at VirtualInvestorConferences.com March 14th

Victory Bancorp invites individual and institutional investors, as well as advisors and analysts, to attend real-time interactive presentations on VirtualInvestors.com

 

LIMERICK, PENNSYLVANIA  -- Victory Bancorp, VTBY, based in Southeastern Pennsylvania, focused on business banking, today announced that Joseph Major, CEO and Chairman of The Victory Bank, will present live at VirtualInvestorConferences.com on March 14th.

DATE: Thursday, March 14th
TIME:  1:30pm
LINK: https://tinyurl.com/314Pre-OTCBanksVIC

This will be a live, interactive online event where investors are invited to ask the company questions in real-time – both in the presentation hall as well as the organization’s “virtual trade booth.” If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.VirtualInvestorConferences.com.

Recent Company Highlights Include:

Earnings increase of 40%, asset growth of $31 million and a $1.8 million increase in stockholders’ equity. Net income increased $545,000 to $1.9 million, or approximately 98 cents per common share. Joseph W. Major, Chairman & CEO, stated, “Our company once again demonstrated excellent growth in 2018, while maintaining strong credit quality and improved earnings. From the beginning, our relationship-based banking strategy has focused on building a better team of bankers, committed to serving the needs of our clients. This approach helped us deliver the best year in the company’s history.”


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. 

About Virtual Investor Conferences

Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.


Press Release

LIMERICK PENNSYLVANIA -- The Victory Bank is pleased to sponsor four students from Ursinus College in the 2019 CSBS Community Bank Case Study Competition.

The competition was created to increase insight into the community banking business model and inspire students to seek careers in banking.
A record number of college student teams have signed up for the 2019 Community Bank Case Study Competition, the Conference of State Bank Supervisors (CSBS). Now entering its fifth year, the CSBS Community Bank Case Study Competition is the largest and most comprehensive undergraduate research competition on community banks. Participating with 95 other student teams from 63 colleges and universities across the United States, students will connect with experienced leaders in the banking profession and develop case studies. Student teams will produce both a research paper and a video summarizing their findings.

The case studies will be based on regulatory relief. Focusing on the recently-passed regulatory relief bill, students will be asked to identify how a bank has or will be able to take advantage of its provisions and to estimate the resulting economic impact to the bank and community. They will outline additional changes that could have been included in the bill to produce even greater benefit to the bank and local economy. Upon completion of the competition, CSBS hopes to collect evidence to present to Congress in support of regulatory relief, while also identifying supplemental policies that could further benefit local communities.

Each of the case studies will undergo three rounds of judging by three separate panels of banking experts. The top three scoring teams will be announced at the CSBS State-Federal Supervisors Symposium in San Antonio.

The student teams compete for an academic scholarship, a chance to get their work published in an academic journal and an opportunity to attend the annual CSBS-Federal Reserve Community Banking Research Conference, held in St. Louis in October.
For more information, visit www.csbs.org/bankcasestudy.
The student participants include: Gemma Dufoe, Bridget Sherry, Brett Korn, Jorge Arrisueno, and special thanks to Dr. Andrew Economopoulos, Ursinus professor, who is advising the students.

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 – January 29, 2019 – The Victory Bancorp, Inc., (OTCQX: VTYB) announced unaudited results for the year ended December 31, 2018.

Highlights include an earnings increase of 40%, asset growth of $31 million and a $1.8 million increase in stockholders’ equity. Net income increased $545,000 to $1.9 million, or approximately 98 cents per common share. Joseph W. Major, Chairman & CEO, stated, “Our company once again demonstrated excellent growth in 2018, while maintaining strong credit quality and improved earnings. From the beginning, our relationship-based banking strategy has focused on building a better team of bankers, committed to serving the needs of our clients. This approach helped us deliver the best year in the company’s history.”

Net income for the year ended December 31, 2018 was $1.917 million, an increase of $545,000 compared to $1.372 million in 2017. Deposits grew to $223.8 million at December 31, 2018 from $189.2 million in 2017, an 18% increase. Net Loans increased 12% to $228.3 million at December 31, 2018 from $204.2 million in 2017, and total assets increased by $30.9 million to $251.7 million as of December 31, 2018, an increase of 14% over 2017.
 
The company paid a cash dividend totaling 8 cents per share during 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 December 31, 2018 The Victory Bank had total assets of $251.5 million, total deposits of $223.9 million, and total equity of $22.4 million. Additional information about Victory Bancorp is available on this website.
 
This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services.
 
Limerick, PA (Business Wire) -January 28, 2019. The Victory Bancorp, Inc. VTYB (the "Company") today announced that its Board of Directors has declared a quarterly cash dividend increasing the amount from $0.02 to $0.025 per outstanding share of common stock. The dividend will be paid on or about February 28, 2019 to stockholders of record as of the close of business on February 8, 2019. Additional information about Victory Bancorp is available on this website.
 
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