Welcome to our dedicated page for Victory news (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on Victory stock.
Victory Bancorp, Inc. (VTYB) provides specialized commercial banking services to Pennsylvania businesses and professionals through its subsidiary The Victory Bank. This news hub offers investors and stakeholders direct access to the company's official financial developments and strategic announcements.
Our curated collection features essential updates including quarterly earnings reports, regulatory filings, leadership changes, and partnership announcements. Users will find detailed information on loan portfolio performance, deposit growth initiatives, and risk management practices central to VTYB's operations.
This resource serves professionals requiring timely insights into the bank's market position within competitive regional banking. All content is sourced from verified corporate communications, maintaining strict editorial neutrality regarding investment decisions.
Bookmark this page for streamlined access to Victory Bancorp's financial trajectory, with new materials added as official announcements are released through proper channels.
Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.05 per share, set to be paid on or about February 16, 2022. The dividend will benefit stockholders of record as of the close of business on February 1, 2022. Victory Bancorp operates The Victory Bank, a specialized business lender in Pennsylvania since 2008, focused on delivering high-quality banking services to small and mid-sized businesses.
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.
The Victory Bancorp, Inc. (OTCQX:VTYB) has declared a special cash dividend of $0.10 per share, payable on December 14, 2021, to shareholders of record by November 29, 2021. Chairman Joseph Major stated that this decision reflects the bank's strong financial position and confidence in its future, despite challenges faced over the past two years. The Victory Bank, based in Pennsylvania, specializes in providing banking services to small and mid-sized businesses.
Victory Bancorp (OTCQX: VTYB) has declared a quarterly cash dividend of $0.05 per share, payable on December 13, 2021, to stockholders of record by the close of business on November 29, 2021. The company focuses on providing banking services to small and mid-sized businesses through its offices in Pennsylvania. Established in 2008, it has positioned itself as a specialized business lender in the Montgomery and Berks Counties area. This dividend distribution reflects the company’s ongoing commitment to returning value to its shareholders.
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.
