In this edition of local business news, The Victory Bank – a fixture in Limerick since 2008 – is being acquired by QNB Corp. of Quakertown. Reading’s Penske Logistics wins two customer awards. Also Ivy Rehab for Kids, with three local offices, its expanding its patient offerings.
Limerick’s Victory Bank to be Acquired by QNB Corp.
LIMERICK PA – The Victory Bank, the Limerick-based financial institution formed in 2008, is being acquired by QNB Corp. of Quakertown, the Philadelphia Business Journal (paywall) reported Wednesday (Sept. 24, 2025).
QNB Corp. is the corporate parent of QNB Bank. QNB and Victory were said to have reached agreement on a deal after about six months of discussion. The reportedly all-stock purchase of Victory Bank has an estimated value of about $41 million, Journal Senior Reporter Jeff Blumenthal wrote. Both banks are profitable, the Journal article adds.
Once the transaction is completed, the resulting bank is estimated to hold $2.36 billion in assets. It will have 14 branches, and three loan production offices.
The transaction is anticipated to close later this year, or early in 2026. Blumenthal notes that QNB last summer received its board’s approval to explore the potential for acquisitions within its market.
QNB was founded in 1877 as Quakertown National Bank. The combination allows it to expand in Montgomery and Chester counties, and enter Berks County, according to Blumenthal’s article.
Victory Bank opening party photo by Travels With The Post
Penske Logistics, in Reading, Wins Whirlpool Awards
READING PA – Whirlpool Corporation this month presented Reading-based Penske Logistics with two awards. One is for “exemplary” distribution center management; the second for freight management solutions.
- Penske’s distribution center management solutions earned the 2024 Whirlpool Supply Chain Supplier Award for Digital Transformation. The company says it “successfully implementing a new warehouse management system” that likely will later be replicated across the wider supply chain network.
- Freight management solutions by Penske earned its other honor, the 2024 Whirlpool Supply Chain Supplier Award for Customer Service.
In July, the company also won a 2025 Manufacturing Innovation Award from Toyota North America, for dedicated contract carriage solutions.
Penske offers programs covering transportation services, dedicated transportation, warehousing and distribution, and supply chain management.
Photo provided by Penske Logistics
Ivy Rehab for Kids, with Local Offices, Expands Services
WHITE PLAINS NY – Ivy Rehab for Kids, a provider of outpatient pediatric therapy services with offices in Pottstown, Limerick and Phoenixville, is expanding in what it calls a new partnership.
The New York-based Ivy Rehab Network says it entered into a “collaboration” with My Child’s Therapy to make it part of the company’s multiple brands. It will provide speech and occupational therapy to children of all ages, from premature infants to young adults, in Pennsylvania.
The network now operates 140 clinics in the state that, depending on location, offer outpatient physical, occupational, speech therapy, and applied behavior analysis.
Our local news reporting includes news about businesses and commercial ventures within, or that affect residents of, Montgomery, Berks, and Chester PA counties. Find more business articles here.
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