secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001193125-25-213318
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. to acquire The Victory Bancorp in all-stock merger
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- Each Victory share converts to 0.5500 shares of QNB common stock; no cash component.
- Merger expected to close in Q4 2025 or Q1 2026, subject to shareholder and regulatory approvals.
- Victory CEO Joseph W. Major to join QNB board as Vice Chair; termination fee $1.575M under certain conditions.
- Victory Bank will merge into QNB Bank after effective time of the holding company merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000119312525213318/0001193125-25-213318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000119312525213318/qnbc-20250923.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-213318

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer