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Victory Bancorp Inc. to Webcast Live at VirtualInvestorConferences.com September 24th

Written by Customer Service on . Posted in Public Companies.

LIMERICK, Pa., Sept. 17, 2020 (GLOBE NEWSWIRE) — Victory Bancorp Inc. (VTYB), based in Limerick, PA, focused on business banking, today announced that Joseph Major, CEO & Chairman will present live at VirtualInvestorConferences.com on September 24th.  DATE: Thursday, September 24th
TIME:  12:00 p.m. – 12:30 p.m. ET
LINK:   https://bit.ly/31yI3QkIt is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.Recent Company Highlights Include:Deposits grew to $306.3 million at June 30, 2020, from $228.9 million at June 30, 2019, a 33.8% increase. Including SBA PPP loans, total Net Loans increased 28.2% to $299.3 million at June 30, 2020, from $233.5 million at June 30, 2019, and total assets increased by $155.9 million to $414.5 million as of June 30, 2020, an increase of 60.3% over one year.Joseph W. Major, Chairman, and CEO stated, “We are pleased with the core performance of the bank, as measured against past years’ performance and our three-year operating plan. Our focus has been protecting the safety of our employees and clients while expanding our services to businesses and individuals in their crucial time of need while building loan loss reserves in anticipation of possible increased credit losses. The Victory Bank team members have worked tirelessly to close over $60 million of Small Business Administration Paycheck Protection loans (PPP), processing approximately 575 loan applications, helping businesses in our communities protect 7,277 local jobs.Also, in late June 2020, Victory Bancorp completed the issuance of $10 million of 10-year, fixed to floating subordinated debt, to be used to bolster the bank’s capital ratios and allow for continued growth and stability. The coupon on this issuance is fixed at 6.25% for the first five years. In addition, we achieved a Five-Star rating from Bauer Financial, Inc., and were named The Best Bank in Montgomery County for the fourth year in a row.”A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.CONTACTS:
Victory Bancorp, Inc.
Joseph W. Major
Chairman and Chief Executive Officer
610-948-9000
jmajor@victorybank.comVirtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

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