FIG Has Raised More Than $800 Million In Debt Capital In 35 Offerings
ATLANTA, March 18, 2019 — The Victory Bancorp, Inc. (OTCQX: VTYB) has announced the completion of a private placement of $3 million in subordinated notes.
FIG Partners served as sole placement agent to The Victory Bancorp, Inc.
The notes 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 in Pennsylvania.
“We are pleased to announce the completion of this debt offering,” said Joseph W. Major, Chairman and Chief Executive Officer of The Victory Bancorp, Inc. “This transaction will fortify the Company’s capital and liquidity positions.”