Victory State Bank
March 23, 2020
STATEN ISLAND, N.Y. – VSB Bancorp, Inc. (VSBN), the holding company for Victory State Bank, recently declared a quarterly cash dividend of 15 cents per share, payable on April 1, 2020 to stockholders of record on March 20, 2020. “We are pleased to announce our 50th consecutive cash dividend. Our earnings allow us to continue to […]
January 17, 2020
Northfield Bancorp, Inc. (Nasdaq: NFBK) (“Northfield”), parent company of Northfield Bank, and VSB Bancorp, Inc. (OTCQX: VSBN) (“VSB”), parent company of Victory State Bank (“Victory”), announced in December 2019 the signing of a definitive agreement pursuant to which VSB will merge with and into Northfield. The transaction reflects an in-market acquisition of an institution that shares […]
December 16, 2019
FOR IMMEDIATE RELEASE: MONDAY, DEC. 16, 2019 VSB Bancorp, Inc. Announces 49th Consecutive Cash Dividend STATEN ISLAND, N.Y. – VSB Bancorp, Inc. (VSBN), the holding company for Victory State Bank, recently declared a quarterly cash dividend of 15 cents per share, payable on Jan. 2, 2020 to stockholders of record on Dec. 20, 2019. The action, announced […]
June 13, 2019
STATEN ISLAND, N.Y. (June 13, 2019) – VSB Bancorp, Inc. (VSBN), the holding company for Victory State Bank, has declared a quarterly cash dividend of 13 cents per share, payable on July 1, 2019, to stockholders of record on June 21, 2019. “We are pleased to announce our 47th consecutive cash dividend,” said Joseph J. LiBassi, […]
January 22, 2019
The only community-based commercial bank in Staten Island, N.Y., experiences 27 percent increase in annual earnings STATEN ISLAND, N.Y. (Nov. 22, 2019) – VSB Bancorp, Inc. (OTCQX: VSBN) had a net income of $1,017,813 for the fourth quarter of 2018, an increase of $696,277, or 216.6 percent, from the fourth quarter of 2017, according to recently […]
November 21, 2017
Formed with initial capitalization of $7 million, Staten Island’s only community-based commercial bank now has total equity of $32.7 million and nearly $400 million in total assets STATEN ISLAND, N.Y. (November 2017) – Victory State Bank, Staten Island’s only community-based commercial bank has marked its 20th anniversary, flourishing in tandem with the borough’s vibrant business sector […]
October 24, 2017
STATEN ISLAND, N.Y. (Oct. 2017) – VSB Bancorp, Inc. (OTCQX: VSBN) – Staten Island’s only community-based commercial bank – recently reported net income of $724,213 for the third quarter of 2017. The figure represents an increase of $157,046 – or 27.7 percent – from the third quarter of 2016. “Our year over year earnings results show robust […]
May 15, 2017
STATEN ISLAND, N.Y. – (April 2017) First-quarter results of VSB Bancorp, Inc. (OTCQX: VSBN) show an increase of $21.2 million in assets, or 6.4 percent, at March 31, 2017, from December 31 of the last year. Also up, is the net income of $619,820 for the first quarter of 2017, which signifies an increase of $70,424, or […]
September 23, 2016
STATEN ISLAND, N.Y. (September 2016) – VSB Bancorp, Inc. (OTCQX: VSBN), the holding company for Victory State Bank, has declared a quarterly cash dividend of 7 cents per share. The dividend is payable Oct. 3, 2016 to stockholders of record on Sept. 23, 2016. “We are pleased to announce our 36th consecutive cash dividend. Our increase […]
May 5, 2014
Annual stockholders’ meeting highlights growth of Staten Island, N.Y.’s only community-based commercial bank Staten Island, N. Y. (May 5, 2014) – An upbeat mood filled Victory State Bank headquarters April 22, as stockholders received a favorable 2013 roundup from the financial company’s holding company, VSB Bancorp, Inc. (OTCQB: VSBN). “We are pleased with the results of our […]
December 21, 2012
FOR IMMEDIATE RELEASE: FRIDAY, DEC. 20, 2012 Victory State Bank Marks 15th Anniversary Staten Island’s only community-based commercial bank triumphs amid challenging regulatory demands, rollercoaster shifts in U.S. economy, and other business hurdles STATEN ISLAND, N.Y. — Victory State Bank was born out of necessity. A meeting in 1995 between businessman Joseph J. LiBassi, banking and […]
June 20, 2011
In a recent interview with the Staten Island Advance, Ralph Branca, CEO and president of Victory State Bank, discussess the dangers of relying on credit cards to survive in hard econmic times. ‘In such a tough economy, relying on credit cards to get by isn’t going to help for very long, if at all,’ writes Advance journalist […]