Duyuru • Jan 23
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About March 13, 2026 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about March 13, 2026 to stockholders of record as of the close of business on March 2, 2026. Duyuru • Oct 23
Victory Bancorp, Inc. Announces Quarterly Dividend, Payable on or About December 12, 2025 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about December 12, 2025 to stockholders of record as of the close of business on December 1, 2025. Duyuru • Sep 24
QNB Corp. (OTCPK:QNBC) entered into a definitive agreement to acquire The Victory Bancorp, Inc. (OTCPK:VTYB) for $39.1 million. QNB Corp. (OTCPK:QNBC) entered into a definitive agreement to acquire The Victory Bancorp, Inc. (OTCPK:VTYB) for $39.1 million on September 23, 2025. Under the terms of the definitive agreement, Victory shareholders would receive 0.5500 shares of QNB common stock for each share of Victory common stock they own. Any outstanding Victory options would be converted into options to purchase QNB common stock, subject to the strike price and number of options adjustments described in the definitive agreement. The combined bank and bank holding company will be headquartered in Quakertown and operate under the QNB Bank brand, Both companies have closely aligned leadership cultures dedicated to the success of our customers, communities, employees, and shareholders. The pro-forma post-merger shareholder ownership split would be approximately 76.4% for QNB and 23.6% for Victory. QNB’s board of directors will be expanded by two members to 12 directors, consisting of 10 existing directors from QNB and two newly appointed directors from Victory, including Joe Major. Randy Bimes will continue to serve as Chair of the board of directors. Joe Major will serve as Vice Chair of the combined holding company and bank board of directors. Dave Freeman, President & CEO, of QNB will continue in his role as President & CEO of the combined company. The Merger is expected to close in the fourth quarter of 2025 or first quarter of 2026, pending satisfaction of various closing conditions, including: (i) the receipt of QNB’s and Victory’s shareholders adoption and approvals; (ii) the receipt of required regulatory approvals, including the approval of the FDIC and the Pennsylvania Department of Banking and Securities; (iii) effectiveness of the registration statement on Form S-4 for the QNB Common Stock to be issued in the Merger; and (iv) the absence of any order, injunction or other legal restraint preventing or making illegal the completion of the Merger or any of the other transactions contemplated by the Merger Agreement. Each party’s obligation to complete the Merger is also subject to certain additional customary conditions, including: (a) subject to certain qualifications, the accuracy of certain representations and warranties of Victory, in the case of QNB, and of QNB, in the case of Victory; and (b) performance in all material respects by Victory, in the case of QNB, and by QNB, in the case of Victory, of its respective obligations under the Merger Agreement. The Merger Agreement contains certain termination rights for both QNB and Victory, and further provides that, upon termination of the Merger Agreement under specified circumstances, Victory may be required to pay a termination fee to QNB of $1.575 million. The boards of directors of QNB and Victory have unanimously approved entry into the Merger Agreement and the transactions contemplated thereby. The transaction is projected to deliver approximately 16% EPS accretion to QNB’s 2026 estimated EPS and approximately 19% EPS accretion to QNB’s 2027 estimated EPS, inclusive of all merger synergies. The expected tangible book value earn-back period is approximately 3.3 years.
Performance Trust Capital Partners, LLC acted as financial advisor to QNB and delivered a fairness opinion to the Board of Directors of QNB in connection with the transaction. Stevens & Lee served as legal counsel to QNB. The Kafafian Group, Inc. acted as exclusive financial advisor to Victory and delivered a fairness opinion to the Board of Directors of Victory in connection with the transaction. Kilpatrick Townsend & Stockton LLP served as legal counsel to Victory. Duyuru • May 28
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About June 13, 2025 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about June 13, 2025 to stockholders of record as of the close of business on June 2, 2025. Duyuru • Jan 24
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About February 14, 2025 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about February 14, 2025 to stockholders of record as of the close of business on January 31, 2025. Duyuru • Dec 21
The Victory Bancorp, Inc. announced that it has received $4.65 million in funding On December 19, 2024, The Victory Bancorp, Inc. closed the transaction. The transaction included participation from five investors. Duyuru • Nov 08
Victory Bancorp, Inc. Announces Declares Quarterly Cash Dividend Payable on or About December 13, 2024 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about December 13, 2024 to stockholders of record as of the close of business on December 4, 2024. Duyuru • Sep 14
The Victory Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About September 9, 2024 The Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend was paid on or about September 9, 2024 to stockholders of record as of the close of business on August 3, 2024. Duyuru • May 29
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About June 14, 2024 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about June 14, 2024 to stockholders of record as of the close of business on June 3, 2024. Duyuru • Apr 30
the Victory Bancorp, Inc. Appoints Kenneth Lawrence to Its Board of Directors The Victory Bancorp, Inc. announced that Kenneth Lawrence, a seasoned leader with a rich background in public service and corporate affairs, has joined its board of directors. Lawrence has been appointed as the Senior Vice President of Corporate Affairs for Southeastern Pennsylvania at Highmark Blue Shield. With an illustrious career spanning both public and private sectors, Lawrence brings a wealth of experience and a strong commitment to community engagement to his new role. Beginning his career serving as a member of a congressional staff in the US House of Representatives, Lawrence quickly established himself as a capable and dedicated public servant. He later transitioned to roles at Merck & Co., Inc. and founded Public Affairs Strategies, where he honed his skills in corporate affairs and strategic communication. In 2008, Lawrence joined Temple University, where he held several key positions including Senior Vice President and Vice President. During his tenure, he demonstrated unwavering dedication to fostering community development and engagement, contributing significantly to various organizations such as SEPTA, PIDC, and Big Brothers Big Sisters. Duyuru • Apr 24
The Victory Bancorp, Inc. Appoints Laurie E. Tolle to its Board of Directors The Victory Bancorp, Inc. announced the addition of Laurie E. Tolle, managing partner of Maillie LLP, to its Board of Directors. Tolle brings a wealth of expertise in accounting, auditing, and professional services, along with a distinguished career of nearly three decades in the accounting industry. Tolle's role as managing partner of Maillie LLP is a testament to her leadership and vision in the field of accounting. She has been instrumental in incorporating technology into the firm's operations, driving greater efficiency and effectiveness, and fostering professional development and specialization. Before joining Maillie LLP, Tolle held key positions in public accounting firms and served as the Director of Professional and Technical Services for the Pennsylvania Institute of Certified Public Accountants, where she managed the state's peer review program and liaised with various committees. A graduate of Villanova University, Tolle has been a certified public accountant in Pennsylvania since 1994. She is an active member of the American Institute of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants, and is a founding member of Women on Course. Victory Bancorp is excited to have Laurie E. Tolle join its Board of Directors and looks forward to her valuable contributions in shaping the future of the company. Duyuru • Jan 17
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About February 13, 2024 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about February 13, 2024, to stockholders of record as of the close of business on January 29, 2024. Duyuru • Nov 23
Victory Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About December 12, 2023 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about December 12, 2023, to stockholders of record as of the close of business on December 1, 2023. Duyuru • Aug 17
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About September 11, 2023 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about September 11, 2023, to stockholders of record as of the close of business on August 25, 2023. Duyuru • May 18
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on June 14, 2023 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about June 14, 2023, to stockholders of record as of the close of business on May 27, 2023. Duyuru • Jan 19
Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on February 15, 2023 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about February 15, 2023, to stockholders of record as of the close of business on January 31, 2023. Duyuru • Nov 30
Victory Bancorp, Inc. Declares Special Cash Dividend, Payable on or About December 23, 2022 Victory Bancorp, Inc. announced that its Board of Directors has declared a one-time, special cash dividend of $0.10 per outstanding share of common stock. The dividend will be paid on or about December 23, 2022, to stockholders of record as of the close of business on December 10, 2022. Duyuru • Nov 22
Victory Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on or About December 12, 2022 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about December 12, 2022, to stockholders of record as of the close of business on November 28, 2022. Duyuru • Aug 18
Victory Bancorp, Inc. Declares Quarterly Cash Dividend, Will Be Paid on or About September 12, 2022 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about September 12, 2022, to stockholders of record as of the close of business on August 26, 2022. Duyuru • May 19
Victory Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About June 14, 2022 Victory Bancorp, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock, as compared with the cash dividend of $0.050 per share paid in the previous quarter. The dividend will be paid on or about June 14, 2022, to stockholders of record as of the close of business on May 27, 2022. Duyuru • Apr 06
Victory Bank Promotes Alexander Kroll to Chief Lending Officer Victory Bank announced that the promotion of Alexander Kroll to Chief Lending Officer. Kroll, most recently President of the Bank’s central region, will now serve as a member of the executive management team and assist with the overall administration, growth, and profitability of the Bank. He will direct the Bank’s overall loan portfolio, manage a team of talented lenders, and adhere to Bank and Federal policies and procedures while providing long-term portfolio growth. Kroll brings strong leadership and over 35 years of experience in the banking industry. He understands the importance of consistently serving clients’ needs with fairness, good advice, convenience, integrity, and respect. Duyuru • Feb 16
The Victory Bancorp, Inc. Announces One-Time Special Cash Dividend The Victory Bancorp, Inc. announced one-time, special cash dividend of 10 cents per outstanding share of common stock was declared in November 2021. Duyuru • May 21
the Victory Bancorp, Inc. Declares Quarterly Dividend, Payable on or About June 14, 2021 Victory Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per outstanding share of common stock. The dividend will be paid on or about June 14, 2021, to stockholders of record as of the close of business on May 28, 2021. Duyuru • Jul 09
The Victory Bancorp, Inc. announced that it expects to receive $10 million in funding On June 23, 2020, The Victory Bancorp, Inc. (OTCPK:VTYB) announced that it will receive $10,000,000 in funding on June 23, 2020. The company will issue debt in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $100,000 Duyuru • Jun 30
The Victory Bancorp, Inc. announced that it has received $10 million in funding The Victory Bancorp, Inc. (OTCPK:VTYB) announced a private placement of $10 million in fixed-to-floating rate subordinated notes to institutional accredited investors on June 29, 2020. The notes become due on June 30, 2030. The notes will bear interest at a fixed rate of 6.25% per annum until June 30, 2025 and for the remainder part, it will bear interest at a rate equal to 3-month Secured Overnight Financing Rate plus 613 basis points. The subordinated notes are redeemable by the company at its option, in whole or in part, on or after June 30, 2025.