VSBN

June 13, 2019

VSB Bancorp Declares 47th Consecutive Cash Dividend

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

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 […]
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 […]
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 […]
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 […]
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 […]
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 […]