Financial

Alexander S. Kroll recently joined The Victory Bank to serve as Senior Vice President.  In his new position, Kroll will assess a clients’ financial position and develop strategic solutions to meet their goals. Kroll has senior management experience that spans over twenty-five years.  He has formerly served as Vice President, Sovereign Bank, Philadelphia, PA;...
Read more »

National Penn Bank’s Royersford Branch has named Charles Firing, a local resident, it’s Customer of the Month for February. The bank initiative recognizes customers of the community office who have made contributions to the community through work and civic engagement. Firing, a 30-year employee at Lebow Furniture, is very active in the community and...
Read more »

The Montgomery County Commissioners adopted a $403.95 million budget with no tax increase for 2011. The owner of a home assessed at $168,580, the county average, will continue to pay $454.32 for the county portion of their real estate taxes next year. The tax rate for the County portion of residents’ real estate taxes...
Read more »

American International Group Inc., AIG, and its workers compensation insurance affiliates have agreed to pay $100 million in fines to insurance regulators in all 50 states and the District of Columbia for alleged premium under-reporting, acting Pennsylvania Insurance Commissioner Robert L. Pratter announced today. The fines are included under a settlement resolving a multi-state...
Read more »

HARRISBURG, Pa.,PRNewswire-USNewswire — State investments are helping Pennsylvania small-business owners continue to lower their operating costs by conserving energy and reducing pollution, Department of Environmental Protection Secretary John Hanger said today. Hanger announced that 90 small businesses across the state will receive more than $560,000 in grants through the Small Business Advantage program to...
Read more »

The Victory Bank has recently promoted some of their staff. In recognition, we would like to congratulate these employees on their success in a local business.  The Victory Bank is a locally owned and operated commercial bank headquartered in Limerick, Pennsylvania.  The bank was founded to optimize the financial lives of businesses, professionals, and...
Read more »

Absent the extraordinary federal policy actions taken in the wake of the Great Recession, Pennsylvania and the nation would be looking at double-digit unemployment rates today, according to a new report from the Keystone Research Center. Economists Alan Blinder and Mark Zandi estimate the national unemployment would now be approaching 16% without the economic...
Read more »

Time is running out for the holder of a Pennsylvania Lottery Powerball ticket worth $200,000 from the Sept. 19, 2009, drawing to claim the prize. The ticket and prize will expire one year from the date of the drawing, but an in-person claim should be presented to the Lottery by Friday, Sept. 17. “The...
Read more »

Blox Sustainable Building Systems, a new company that manufactures environmentally sustainable modular construction units for commercial and residential purposes, will receive $50,000 to purchase equipment and complete renovations at the at the former Bethlehem Steel site in Pottstown. Blox has 65 skilled employees manufacturing the modular units and 11 administrative employees. It has eight...
Read more »

Joseph W. Major of The Victory Bank in Limerick, Pennsylvania, has been recently elected to the Pennsylvania Bankers Association (PBA) Board of Directors.  Joseph W. Major represents the Deposit Category “A” Representative on the Board. The Board of Directors, which includes PBA’s officers, will meet at least quarterly to determine the policies and administration...
Read more »