LIMERICK, Pa., (GLOBE NEWSWIRE) -- Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, today announced that it has completed the private placement of $10 million in fixed-to-floating rate subordinated notes due June 30, 2030 (the “Notes”) to institutional accredited investors. Victory Bancorp intends to use the net proceeds from this placement for retirement of existing debt, support organic growth, and for general corporate purposes.

About The 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 Montgomery and Berks Counties, Pennsylvania.