Victory Bancorp Inc. to Webcast Live at VirtualInvestorConferences.com March 10th

Rhea-AI Summary

Victory Bancorp (OTCQX: VTYB), based in Limerick, PA, will have CEO Joseph Major present live at VirtualInvestorConferences.com on March 10th, 2021, from 11:00 a.m. to 11:30 a.m. ET. This interactive online event allows investors to engage with the company in real-time, with an archived version available post-event. Recent highlights include a 36% increase in deposits to $337 million as of December 31, 2020, and a 53.8% increase in total assets to $429.4 million. Major noted record fourth-quarter results despite economic challenges.

LIMERICK Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Victory Bancorp Inc. (OTCQX:VTYB), based in Limerick, PA, focused on business banking, today announced that Joseph Major, CEO & Chairman will present live at VirtualInvestorConferences.com on March 10th.

DATE: Wednesday, March 10th
TIME: 11:00 a.m. – 11:30 a.m. ET
LINK: https://bit.ly/3pzliV5   

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.VirtualInvestorConferences.com. 

Recent Company Highlights Include:

Deposits grew to $337.0 million at December 31, 2020, from $247.8 million at December 31, 2019, a 36.0% increase. Including SBA PPP loans, net loans increased 16.7% to $283.6 million at December 31, 2020, from $243.1 million at December 31, 2019. Total assets increased by $150.1 million to $429.4 million as of December 31, 2020, an increase of 53.8% over one year.

Bank Leader, Joseph W. Major, stated, “Despite ongoing economic disruption, the bank experienced substantial asset and deposit growth in 2020, and generated record-setting fourth-quarter results. We’ve been able to quickly identify changing circumstances in the community and adapt to meet the needs of our clients. For most of 2020, we focused on meeting those needs while balancing the safety of our clients and employees. Most notably, our team remained steadfast in their commitment to our clients and closed over $60 million of Small Business Administration Paycheck Protection loans, processing approximately 577 loan applications, helping businesses in our communities protect 7,277 local jobs. In addition, the bank has been an active participant in phase III of the PPP program during the first quarter of 2021.”

 “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. 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.”

The Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank, headquartered in Limerick, Pennsylvania. The Victory Bank was established in 2008. Victory provides high-quality banking services to small and mid-sized businesses and professionals through its two offices located in Montgomery and Berks Counties, Pennsylvania.

About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

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.com 

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com 

 

FAQ

What date is Victory Bancorp's presentation at Virtual Investor Conferences?

Victory Bancorp's presentation is scheduled for March 10th, 2021.

What time will Joseph Major's presentation take place?

Joseph Major's presentation will take place from 11:00 a.m. to 11:30 a.m. ET.

How much did Victory Bancorp's deposits grow in 2020?

Victory Bancorp's deposits grew by 36% to $337 million at December 31, 2020.

What was the increase in total assets for Victory Bancorp in 2020?

Total assets increased by 53.8% to $429.4 million as of December 31, 2020.

Where can I find the archived version of Victory Bancorp's presentation?

The archived version of the presentation will be available on VirtualInvestorConferences.com after the live event.