Joseph J. LiBassi

November 21, 2017

Victory State Bank Marks 20th Anniversary

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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
March 1, 2011

Victory State Bank President/CEO Ralph M. Branca Urges Caution When Handling Financial Transactions Online

Business people and consumers should remain on guard to dangers of Internet thieves,  says top executive at  Staten Island, N.Y.’s only community-based commercial bank  NEW YORK — “As the popularity of conducting banking and other financial transactions on the Internet grows, so does the threat of online fraud,” said Ralph M. Branca, president and CEO of Victory […]
November 10, 2010

New Business Center Can Help Boost Compliance with FTC Law

The Federal Trade Commission has a new Business Center at Business.ftc.gov that gives business owners, attorneys, and marketing professionals the tools they need to understand and comply with the consumer protection laws, rules, and guides the FTC enforces. The Business Center provides practical, plain-language guidance about advertising, credit, telemarketing, privacy, and a host of other topics.  A series of short videos […]
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 […]
August 6, 2010

Graduation and Baby Shower For First-Time Moms

Free Victory State Bank course teaches budgeting, banking skills to new Staten Island mothers enrolled in Nurse-Family Partnership NEW YORK CITY — Ten first-time mothers participating in the Nurse-Family Partnership (NFP) program on Staten Island gathered yesterday at the Stapleton site to mark their graduation from a financial-literacy program and share in a baby shower. The […]
June 23, 2010

Victory State Bank, New York City Housing Authority Launch Rental-Payment Partnership to Benefit Island’s Public Housing Residents

Find out more about the arrangement at NY1 STATEN ISLAND, N.Y. — A joint initiative between Victory State Bank and the New York City Housing Authority (NYCHA) is set to give residents of public housing on Staten Island an added convenience: The opportunity to pay their monthly rent through any one of five Victory State Bank […]
June 16, 2010

VICTORY STATE BANK MARKS EMPLOYEE APPRECIATION WEEK

June 10, 2010

Ex-Staten Island Zoo Director Joins Victory State Bank As Business-Development VP

John Caltabiano will work to increase the influence of the only commercial bank headquartered on Staten Island. STATEN ISLAND, N.Y. — John Caltabiano, a Staten Island businessman and avid community volunteer, recently joined Victory State Bank as vice president of business development. In his new role at the only commercial bank headquartered on Staten Island, Caltabiano […]
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 […]