New York business bank

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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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April 20, 2011

NYC Department Of Consumer Affairs: Debt Settlement is Top Fraud

Commissioner Mintz Warns New Yorkers to Beware of Fee-Based Debt Settlement Companies NEW YORK — Debt settlement companies lure people struggling with debt by claiming that they will convince creditors to settle debts for less than what’s owed.  However, it rarely works. Companies charge high fees and counsel consumers to ignore their debts, which can cause lasting […]
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April 19, 2011

Staten Island Business Owners Take Notice: SBA, Inc. Magazine and AT&T Join Forces to Promote Exporting by U.S. Small Businesses

WASHINGTON, D.C. – Small businesses seeking to grow their businesses and create jobs through exporting can turn to new, free educational videos created through a partnership between the U.S. Small Business Administration, Inc. Magazine and AT&T. Through the public-private partnership, a series of video modules has been developed to inspire and encourage American small businesses to […]
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April 13, 2011

Victory State Bank encourages participation in tomorrow's Staten Island's Dine Out Against Hunger drive

STATEN ISLAND, N.Y. — Victory State Bank, a sponsor of Staten Island’s Dine Out Against Hunger initiative, wants to remind consumers about tomorrow’s campaign and the opportunity to help those in need. You don’t need a fancy invitation to get in on Dine Out Against Hunger on Staten Island, explains the Staten Island Advance.  Just go to any participating […]
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April 8, 2011

Victory State Bank Donates $8G To Further Financial-Literacy Initiative

   Staten Island’s only community-based commercial bank contributes to the Coalition for Debtor Education; bank plans to partner with educational organization for local seminars  STATEN ISLAND, N.Y. — Victory State Bank, Staten Island, N.Y.’s only community-based commercial bank, has underscored its devotion to financial literacy with an $8,000 donation to the Coalition for Debtor Education (CDE). […]
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April 5, 2011

Knowing Your Credit Score Is ‘Essential Component Of Financial Well-Being, Says Victory State Bank CEO/President

STATEN ISLAND, N.Y. — Do you know your credit score? “If you don’t, you should,” advises Ralph M. Branca, CEO and president of Victory State Bank. “Knowing – and comprehending – your credit score is an essential component of financial well-being.” Based upon information in credit reports, credit scores help lenders judge the stability of an […]
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March 24, 2011

10 Financial Lessons for a Richer Life

Let’s face it, personal finance isn’t nuclear physics. The basics are so simple that anyone can get the concepts down in less than a day — spend less than you earn, save and invest the rest. Knowing what should be done and actually doing it, however, are two different things. Most people realize that spending more […]
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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 […]
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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 […]
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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 […]
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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 […]
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