Victory Bancorp, Inc. (OTCQX: VTYB) announced today that it has completed a private placement of $3.0 million in subordinated notes (Notes) to an institutional investor. The Notes are structured to qualify for the Company as Tier 2 capital under regulatory guidelines.

The Company intends to gradually contribute substantially all of the proceeds to The Victory Bank, which will increase the overall lending capacity of the Bank as it continues to serve small and medium-sized businesses, professionals, and consumers along the Route 422 corridor.

"We are pleased to announce the completion of this debt offering. This transaction will fortify the Company's capital and liquidity positions." said Joseph W. Major, Chairman and Chief Executive Officer of the Company.

FIG Partners LLC served as the placement agent for the private offering.

About Victory Bancorp, Inc.

The Victory Bancorp, Inc. 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 Montgomeryand Berks Counties, Pennsylvania.

As of December 31, 2018 The Victory Bank had total assets of $251.5 million, total deposits of $223.9 million, and total equity of $22.4 million. Additional information about Victory Bancorp is available on this website.

Additional information about Victory Bancorp is available on its website, www.victorybank.com.