Victory Bancorp soars on buyout deal with QNB

QNB

24/09/2025 19:05

** Community lender Victory Bancorp's VTYB.PK shares soar 51.3% to $18.38

** U.S. bank QNB QNBC.PK will buy VTYB in a $41 million all-stock deal, the companies announced late on Tuesday

** Deal will create a combined bank with nearly $2.4 billion in assets and bolster QNB's presence in Pennsylvania

** VTYB shareholders will receive 0.55 shares of QNB for each share held, valuing Victory at $19.58 apiece

** Deal represents a 61.2% premium to stock's last close

** As of last close, VTYB stock up 13.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))