commercial bank staten island

October 24, 2017

VSB Bancorp Inc.’s 3rd Quarter of 2017 Leaps Nearly 28 Percent Compared to Same Period a Year Ago

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

VSB Bancorp 2017 1st Quarter Gains $21.2M in Assets

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

VSB Bancorp, Inc. Announces Cash Dividend For 36th Consecutive Time

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 […]
March 3, 2011

Staten Island, N.Y.'s Victory State Bank Blasts Rocky Economy With Rise In Net Income

STATEN ISALND, N.Y.  —  Despite a stumbling economy, Staten Island, N.Y.-based Victory State Bank experienced a jump in net income for 2010. Reflecting an increase of 4.7 percent for the year ended 2010, VSB Bancorp Inc.’s (NASDAQ GM: VSBN) pre-tax income rose to $3,466,764, compared to $3,312,040 for the previous year. Net income for the year […]
October 20, 2010

Staten Island, N.Y.-based Victory State Bank Initiative Seeks To Help Homeless Pets

STATEN ISLAND, N.Y. — Victory State Bank’s sense of community is all encompassing. The bank’s “Furr Our Furry Friends” campaign aims to help Staten Island’s population of homeless animals. Through the end of the month, all Victory State Bank locations will be accepting contributions for allocation to local animal shelters. “We are collecting monetary donations, as […]
June 16, 2010

VICTORY STATE BANK MARKS EMPLOYEE APPRECIATION WEEK

June 7, 2010

Victory State Bank Introduces ‘Scantastic’ Remote Check-Deposit Service

DespositExpress is the latest hi-tech amenity offered by the Staten Island, N.Y.-based business bank STATEN ISLAND, N.Y.  — Victory State Bank, a recognized industry leader in customer service, recently unveiled the latest reason for businesses to join its customer roster: The convenience of depositing checks without having to leave your office.  “Victory State Bank customers now […]
April 25, 2010

Victory State Bank presses beyond tough economy with rise in first-quarter net income, growth of total assets

  Staten Island, N.Y. — VSB Bancorp, Inc. (NASDAQ: VSBN) is reporting unaudited net income of $432,222 for the first quarter of 2010, a 15.9 percent increase over the same period last year. The $59,171 increase in net income was due to a decrease in the provision for loan loss of $185,000, partially offset by an […]