Joseph W. Major Elected As Pennsylvania Member Director of the Federal Home Loan Bank of Pittsburgh

Rhea-AI Summary

Joseph W. Major of The Victory Bank has been elected to a four-year term on the Board of Directors of the Federal Home Loan Bank of Pittsburgh. This announcement follows his notable career as the founder and CEO of The Victory Bank, and former positions as President of Patriot Bank Corporation. The FHLBank plays a crucial role in providing liquidity and funding for housing and community development in its service areas, which include Delaware, Pennsylvania, and West Virginia.

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• Joseph W. Major's election may enhance The Victory Bank's influence in community banking.
• Membership in FHLBank Pittsburgh offers liquidity and funding opportunities for The Victory Bank.

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LIMERICK, Pa., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Joseph W. Major, of The Victory Bank, has been elected to a four-year term as a new member of the Board of Directors of The Federal Home Loan Bank of Pittsburgh (FHLBank). His appointment was recently announced by FHLBank. Mr. Major was one of two new members to be elected to the Board.

Joseph W. Major is the Founder, Chairman of the Board, and CEO of The Victory Bank. Mr. Major formerly served as the President and CEO of Patriot Bank Corporation and Patriot Bank and as President of Vartan National Bank. In addition to his undergraduate degree in business, Mr. Major holds a JD from the University of Akron. He is an honor graduate of the American Bankers Association Stonier Graduate School of Banking.

About FHLBank Pittsburgh:

As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to members of all sizes in Delaware, Pennsylvania and West Virginia. FHLBank Pittsburgh is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.

Membership in FHLBank Pittsburgh comprises commercial banks, insurance companies, credit unions and community development financial institutions throughout our district.

About The Victory Bank:

Established in 2008, The Victory Bank is a Pennsylvania state-chartered commercial bank headquartered in Limerick Township, Montgomery County, Pennsylvania. In addition to providing community banking services, the Bank is a specialized business lender offering high-quality banking services to small and mid-sized businesses and professionals through its three offices in Montgomery and Berks Counties, Pennsylvania. Additional information about The Victory Bank is available on its website, VictoryBank.com. Member FDIC.

Media Contact:
Kelly Taylor, AVP
Executive Assistant
Investor Relations
610-948-9000
ktaylor@victorybank.com 

FAQ

Who is Joseph W. Major and what is his role at The Victory Bank?

Joseph W. Major is the Founder, Chairman, and CEO of The Victory Bank.

What position has Joseph W. Major been elected to?

He has been elected to a four-year term on the Board of Directors of the Federal Home Loan Bank of Pittsburgh.

What does the Federal Home Loan Bank of Pittsburgh do?

It provides liquidity and funding for housing and community development in Delaware, Pennsylvania, and West Virginia.

How might Joseph W. Major's appointment impact The Victory Bank?

His appointment could enhance the bank's influence in local financial matters and community development.

When was Joseph W. Major's election announced?

His election was announced on November 23, 2021.