BANKING & FINANCE

January 22, 2019

VSB Bancorp Inc. Concludes 2018 With Net Income Jump Exceeding 216 Percent

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 […]
February 17, 2016

Staten Island-Headquartered VSB Bancorp Inc. Named to 2016 OTCQX Best 50

Holding company of Victory State Bank places among market’s top performing U.S. and international companies STATEN ISLAND, N.Y. (Feb. 17, 2016) –  VSB Bancorp Inc. (OTCQX: VSBN)) has been named to the 2016 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an […]
May 5, 2014

Victory State Bank Experiences $27.4M Jump In Total Assets

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 […]
May 9, 2013

Staten Island’s Savo Brothers To Acquire Mount Manresa Property

   Jesuits find needs of many are not being met by an exclusively retreat-center approach  STATEN ISLAND, N.Y. (May 9, 2013) — The New York Province of the Society of Jesus confirmed on Wednesday a contractual agreement of $15 million for the purchase of the Mount Manresa Jesuit Retreat House property at 239 Fingerboard Rd., in the Fort Wadsworth […]
March 22, 2013

Staten Island-Based Financial Pro, Author Traveling Nationwide To Spread Financial Literacy

John Vento, CPA and Certified Financial Planner™, will address audiences in New York and venues as distant as Miami Beach, Los Angeles and Hawaii  STATEN ISLAND. N.Y. (March 22, 2013) – Are you living within your means? For some, this could be a difficult question to answer. In an effort to help Americans better understand this question […]
January 14, 2013

Relevant Public Relations Renews Deal With Comprehensive Wealth Management and John J. Vento, CPA

STATEN ISLAND, N.Y. – An agreement to have Relevant Public Relations LLC represent Comprehensive Wealth Management Ltd. and the accounting firm of John J. Vento, CPA has been renewed. “It was a relatively easy decision to extend our relationship with Relevant Public Relations,” said John J. Vento, the certified public accountant (CPA) and Certified Financial Planner™ […]
December 21, 2012

Victory State Bank Marks 15th Anniversary

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 […]
November 13, 2012

Free Small-Business Seminar, Buffet Dinner on Monday To Simplify SBA’s Loan Options

FOR IMMEDIATE RELEASE: WEDNESDAY, NOV. 13, 2012   Free Small-Business Seminar, Buffet Dinner on Monday To Simplify SBA’s Loan Options for Businesses, Professionals Noted Island-based attorney and Empire Bank president/CEO will explain opportunities and programs that local enterprises may utilize to obtain capital   STATEN ISLAND, N.Y. – If you operate a business or professional practice on Staten […]
July 27, 2011

Free Staten Island Credit Fair Is A Must For Business Owners

STATEN ISLAND, N.Y. — In business?  Thinking of making your mark as an entrepreneur? You won’t want to miss the Staten Island Credit Fair on Aug. 2 Here’s What You Need To Know:   NEW YORK CITY COUNCIL SPEAKER CHRISTINE C. QUINN, COUNCIL MEMBERS DOMENIC M. RECCHIA, JR, CHAIR, FINANCE COMMITTEE; DIANA REYNA, CHAIR, SMALL BUSINESS COMMITTEE; […]
June 20, 2011

Victory State Bank CEO/President Weighs In On Consumer Debt Crisis

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 […]
June 14, 2011

Victory State Bank Celebrates Employees At Appreciation Dinner

May 25, 2011

Victory State Bank President/CEO Cautions Public About Fake Charitable Organizations

Head of Staten Island, N.Y.’s only community-based commercial bank says scammers  may be attempting to divert assistance in wake of latest natural disasters STATEN ISLAND, N.Y. — Victory State Bank is reminding business owners and consumers to be alert to scammers seeking to pocket humanitarian-minded donations. “In the wake of recent storms that have crippled some communities […]
May 16, 2011

Victory State Bank Brings Money Management Into Staten Island Classroom

STATEN ISLAND, N.Y. — Victory State Bank delivers education – literally. Representatives from Staten Island’s only community-based commercial bank recently visited Morris Intermediate School (IS 61) in Brighton Heights, in the spirit of  a “Teach Children to Save” initiative. A total of four lessons were given to classes of approximately 30 students each.  “Good financial habits […]
May 6, 2011

Don't Ignore the Easiest Place to Find Customers

It can be easy for business owners to ignore their existing customers. After all, you’ve already won them, right? Not necessarily. Even current customers can become prospects again because the minute they complete a purchase, you’ll want to lasso another.  Of course, keeping up a constant stream of marketing communications can be daunting. But if the […]
May 5, 2011

How To Tighten Your Financial Belt

There’s no way you’re going to be able to stick to a budget unfailingly. The real world has too many twists and turns and, besides, we humans don’t live our lives as predictably as spreadsheets. And even if you were able to somehow muster the willpower never to deviate from your budget, really, what kind of […]
April 29, 2011

Do Your Homework Before Buying And Selling Timeshares, Vacation Plans, FTC Advises

WASHINGTON — The thought of owning a vacation home may sound appealing, but the year-round responsibility — and expense — that come with it may not. Purchasing a timeshare or vacation plan may be an alternative. If you consider a timeshare or vacation plan, the Federal Trade Commission (FTC), the nation’s consumer protection agency, says it’s […]
April 22, 2011

FBI: Be Alert To 'Letter of Credit' Fraud

Legitimate letters of credit are NEVER sold or offered as investments Letters of credit are issued by banks to ensure payment for goods shipped in connection with international trade. Payment on a letter of credit generally requires that the paying bank receive documentation certifying that the goods ordered have been shipped and are en route to […]
April 21, 2011

FTC Files Contempt Charges Against Marketer of Credit Repair

WASHINGTON — The Federal Trade Commission earlier this week filed contempt charges against a promoter of credit repair and debt relief services and three of his companies, alleging that they continued their deceptive marketing practices in violation of a federal court order. The FTC charged that the defendants tried to take advantage of financially strapped consumers by falsely […]