LIMERICK, Pa., Sept. 21, 2021 (GLOBE NEWSWIRE) – In April of this year, Victory Bank reached a significant growth milestone when it has extended a total of $ 1 billion in loans to businesses and individuals since opening in 2008.
The bank’s first location was a trailer with a handful of employees and no customers. That quickly changed when the community realized how unique the bank was. In 13 years of operation, it has provided customers with exceptional service and out-of-the-box thinking for bespoke corporate loans. It has also shown an unwavering commitment to the communities it serves.
Chief Lending Officer Rich Graver stated, “The values we set out in our Memorandum of Understanding were established over a decade ago and continue to empower us today, starting with an unwavering commitment to our customers. Our talented bankers get the tools and support they need to help our clients achieve long-term success. We were recently proud to be part of the Small Business Administration’s Paycheck Protection Program. Our team adapted quickly, recognized changing circumstances in the community, and were excellent at meeting our customers’ needs. We processed over 850 loans totaling over $ 99 million, saving over 11,000 local jobs. We look forward to serving our local communities for some time to come. “
In addition to another record year in revenue, The Victory Bank was voted Montgomery County’s “Best Bank” by the public for the fifth year in a row. The bank also has a 5-star rating at Bauer Financial. Bauer Financial, Inc. is the nation’s leading independent rating and research firm for banks and credit unions. She has reported and analyzed the performance of US banks and credit unions since 1983. Most recently, The Victory Bank was ranked one of the top 200 community banks in the country from the American banker. American Banker is a daily trading newspaper and website for the financial services industry.
Founded in 2008, Victory Bank is a state-approved Pennsylvania commercial bank based in Limerick Township, Montgomery County, Pennsylvania. In addition to providing community banking services, the bank is a specialist corporate lender providing quality banking services to small and medium-sized businesses and professionals through its three offices in Montgomery and Berks Counties, Pennsylvania. For more information about The Victory Bank, visit VictoryBank.com. Member of the FDIC.
Executive Assistant, AVP