FOR IMMEDIATE RELEASE
QNB Corp. Completes Acquisition of Victory Bancorp, Inc.;
Victory Bank to Operate as Division of QNB Bank During Interim Period
Quakertown, PA, April 1, 2026 (GLOBE NEWSWIRE) — QNB Corp. (“QNB”) (OTCQX: QNBC), the holding company for QNB Bank, announced today that it has successfully completed its acquisition of Victory Bancorp, Inc. (Limerick, PA), the holding company for The Victory Bank. The transaction closed today, April 1, 2026, following receipt of all required regulatory and shareholder approvals.
QNB Bank welcomes Joseph W. Major, former Victory Chairman, President and Chief Executive Officer, and Kevin L. Johnson, P.E., President and founder of Traffic Planning and Design, Inc., to its Board of Directors.
As a result of the completed transaction, QNB Bank will operate Victory Bank as a division of QNB Bank during a brief interim operating period, from April to mid-June. This interim structure allows QNB Bank to focus on a smooth, secure conversion of Victory Bank’s systems and operations while ensuring customer service continuity.
Victory Bank’s systems are scheduled to convert to QNB Bank the weekend of Friday, June 19, 2026, through Sunday, June 21, 2026. Upon completion of the systems conversion, Victory Bank branches and offices will reopen as fully integrated QNB Bank locations on Monday, June 22, 2026, and bank customers will have access to 14 full‑service QNB Bank offices throughout Montgomery, Bucks, and Lehigh counties.
“This transaction represents the successful completion of a strategic combination that strengthens QNB Bank’s franchise and expands our ability to serve customers, enriching the local banking experience, throughout the region,” said David W. Freeman, President and Chief Executive Officer of QNB Bank. “Operating Victory Bank as a division during the interim period ensures a seamless transition as we prepare for full systems integration in June.”
“We are pleased to have officially joined with QNB Bank,” said Joseph W. Major, former Victory Chairman, President, and Chief Executive Officer. “Our customers will benefit from expanded resources while continuing to experience the customer-centric relationship‑based banking that has always defined Victory Bank.”