Source: GlobeNewswire (MIL-OSI)
LYMERICK, Pa., June 03, 2021 (GLOBE NEWSWIRE) — The Victory Bank is proud to have funded $100 million in PPP loans to local businesses.
In April of 2020, the bank processed over 560 loans in less than four weeks, noting they did so with 75% capacity of the workforce working remotely.
In total, the bank processed over 850 PPP loans between April 2020 and April 2021, helping employers retain over 11,000 jobs in the region. The Victory Bank typically processes an average of 400 loans per year. Many members of the staff worked tirelessly, seven days a week, sometimes logging 17 hour days, to make sure each loan was processed and booked without error, while continuing to serve the existing lending and deposit needs of the bank’s clients.