FIG Partners Served As Sole Placement Agent In $3 Million Subordinated Debt Offering For The Victory Bancorp, Inc.

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 Served As Sole Placement Agent In $3 Million Subordinated Debt Offering For The Victory Bancorp, Inc.
FIG Partners served as sole placement agent to The Victory Bancorp, Inc.

The notes are structured to qualify as Tier 2 capital under regulatory guidelines. The Victory Bancorp, Inc. intends to gradually contribute all of the proceeds to its subsidiary, The Victory Bank.

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.”

The FIG team included David Danielson, Principal and John Putman, Principal.

More information is available here.

Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.