Victory - VTYB STOCK NEWS

The Victory Bank has opened a new loan office in Horsham, Pennsylvania, led by H. Steen Woodland II. This expansion targets growth in the eastern Montgomery County market, emphasizing strong customer service and local expertise. The Horsham office is staffed by a team with extensive banking experience, with Woodland and his colleagues bringing a combined several decades of industry knowledge. This move marks a strategic step for The Victory Bank to enhance its community banking services and better serve local businesses.

The Victory Bancorp, Inc. (OTCQX: VTYB) announced strong third-quarter results for the period ending September 30, 2021. Key highlights include:

• Book value per share increased to $12.43.
• Net income rose to $896,000, or $0.44 per share.
• Deposits grew 23.2% to $398 million.
• Organic loan growth of $31 million, offset by $28 million in PPP loan payoffs, led to net loan growth of 0.9%.
• Total assets reached $447 million, up 3.6% year-over-year.

Additionally, a cash dividend of $0.05 per share was paid to shareholders.

The Victory Bank, established in 2008, has surpassed $1 billion in total loans, showcasing its significant growth in just 13 years. The Bank processed over 850 loans, totaling $99 million through the Paycheck Protection Program, aiding over 11,000 local jobs. It received public acclaim as the "Best Bank" in Montgomery County for the fifth consecutive year and holds a 5-Star Rating from Bauer Financial. Additionally, it was named one of the Top 200 Community Banks in the U.S. by American Banker, highlighting its commitment to community banking and specialized business lending.

Victory Bancorp, Inc. (OTCQX:VTYB) declared a quarterly cash dividend of $0.05 per share, payable on or about September 16, 2021. The dividend will benefit stockholders of record as of September 2, 2021. This announcement is a key indicator of the company's ongoing commitment to returning value to its shareholders. Victory Bancorp operates as a commercial bank in Pennsylvania, providing services primarily to small and mid-sized enterprises.

The Victory Bancorp, Inc. (OTCQX: VTYB) reported its second-quarter results for 2021, highlighting a net income of $677,000, or $0.33 per share, marking an increase of $117,000 compared to 2020. Book value per share rose to $12.03, while stockholders' equity increased by $2.9 million. Total assets reached $453 million, with a 9.2% annual growth. Deposits surged by 32% to $404 million. The bank also paid a $0.05 per share cash dividend. The provision for loan losses was notably reduced to $150,000, indicating stable credit quality.

The Victory Bank has successfully funded $100 million in Paycheck Protection Program (PPP) loans to local businesses, processing over 850 loans between April 2020 and April 2021, aiding in the retention of over 11,000 jobs. Despite operating at 75% workforce capacity, staff worked tirelessly to ensure efficient processing of loans. The bank achieved a record earnings year and has been recognized as the 'Best Bank' in Montgomery County for five consecutive years. It maintains a 5-Star Rating from Bauer Financial and was recently named one of the Top 200 Community Banks in the U.S.

Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.05 per share, payable on or about June 14, 2021, to stockholders of record as of the close of business on May 28, 2021. The company, headquartered in Limerick, Pennsylvania, operates as a specialized business lender, serving small and mid-sized businesses through its two offices in Pennsylvania. The announcement highlights the company's ongoing commitment to returning value to its shareholders.

The Victory Bancorp, Inc. (OTCQX: VTYB) announced it will hold a virtual-only Annual Meeting on May 18, 2021, at 11:00 a.m. EDT due to COVID-19 safety concerns. Stockholders can register online and participate through a webcast. As of March 31, 2021, the company reported total assets of $432 million, total deposits of $366 million, and total equity of $32 million. The Victory Bank specializes in providing banking services to small and mid-sized businesses in Pennsylvania.

Victory Bancorp, Inc. (OTCQX: VTYB) reported strong financial growth for Q1 2021, showing a net income increase of $863,000 to $1 million, or $0.52 per share. Book value per share rose to $11.74, and stockholders’ equity increased by $2.8 million year-over-year. Total assets reached $432 million, a 48.5% increase from Q1 2020, while deposits grew by 44.4% to $363 million. The bank originated $37 million in SBA PPP loans during the quarter, with stable credit quality.