MergerAug 7, 2026, 11:31 AM
QNB Corp. Completes Merger with The Victory Bancorp
AI Summary
QNB Corp. announced the completion of its previously disclosed merger with The Victory Bancorp, Inc. on April 1, 2026. As part of the transaction, Victory merged into QNB Corp., with QNB Corp. continuing as the surviving entity. The filing includes the unaudited consolidated financial statements of The Victory Bancorp, Inc. for the quarter ended March 31, 2026, which reported a net loss of $(3,374) thousand and total assets of $457,820 thousand. Additionally, unaudited pro forma condensed combined financial statements for QNB Corp. reflecting the merger were filed.
Key Highlights
- QNB Corp. completed its acquisition of The Victory Bancorp, Inc. on April 1, 2026.
- Victory Bancorp reported a net loss of $(3,374) thousand for Q1 2026.
- Victory Bancorp's basic earnings per common share was $(1.68) for Q1 2026.
- Victory Bancorp's total assets were $457,820 thousand as of March 31, 2026.
- Victory Bancorp's total deposits were $409,221 thousand as of March 31, 2026.
- Unaudited consolidated financial statements of Victory for Q1 2026 were filed.
- Unaudited pro forma combined financial statements for QNB Corp. were filed.
Price Impact
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