Staten Island's only community-based business bank urges caution when responding to questionable calls

STATEN ISLAND, N.Y. – Victory State Bank would like to advise you to be extremely careful when responding to calls asking for money transfers.

How do these scams work? Generally, you get a call from someone who says:

• You won a prize but you have to pay "taxes" on it
• A friend is in trouble and needs your help
• You can get a loan — even if you have bad credit — but you have to pay a small fee first

Whatever the pitch, the caller's only goal is to get your money ¬— not to give you something in return. Do your research before ever agreeing to wire money to someone or to a company. If something sounds too good to be true, or out of the ordinary, it probably is.

About Victory State Bank:

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.'s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC
Headquarters: 718 682 1509
http://www.RelevantPR.com
Mobile: 917 715 8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Staten Island's only community-based commercial bank warns of false promises

STATEN ISLAND, N.Y. – Scammers pushing empty promises of wealth from business opportunities never cease to be creative.

In an effort to protect entrepreneurs from scam artists, Victory State Bank, is embracing an old adage: Look Before You Leap."

The Federal Trade Commission has updated the Business Opportunity Rule, which requires business opportunity sellers to provide specific information on a simple, one-page form to help consumers more effectively evaluate an opportunity.

If you are considering a business opportunity, be sure the seller provides you with the form – which should include these details:

• The seller's identifying information

• Whether there is a claim about your likely earnings; if so, the seller must provide information supporting the claim

• If the seller, its affiliates or key personnel have been involved in certain legal actions; if yes, a list of those actions

• If there is a cancellation or refund policy; if so, the seller must provide a document with the terms

• A list of people who bought the business opportunity within the previous three years

About Victory State Bank:

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.'s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC
Headquarters: 718 682 1509
http://www.RelevantPR.com
Mobile: 917 715 8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Victory State Bank Asks, 'Are you affected by the recent Target hack?'

STATEN ISLAND, N.Y. – Victory State Bank would like to provide you with the following warning that has been issued by the Federal Trade Commission (FTC).

Target has announced that any credit or debit card used in a Target store in the U.S. between Nov. 27 and Dec. 15 may have been compromised. According to the announcement, the stolen information includes the customer's name, credit or debit card number, and the card's expiration date and three-digit security code CVV1 (a security code stored on your card's magnetic stripe).

In light of this announcement, the FTC has this advice:

  • If you recently used your credit or debit card in a Target store, check your account. If you see charges that you don't recognize, immediately report them to the fraud department of your bank or credit card provider.
  • Going forward, continue to monitor your accounts and check that the information on your credit report is accurate. Your credit report includes information about your credit card accounts and other bills you pay. The law requires the three nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to give you a free copy of your credit report every 12 months if you ask for it. To get your report, visit AnnualCreditReport.com or call 1-877-322-8228. You'll have to provide some personal and financial information to get your report. For information about how to correct errors in your report, visit ftc.gov/freereports.

About Victory State Bank:

VSB Bancorp, Inc. is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.'s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC
Headquarters: 718 682 1509
http://www.RelevantPR.com
Mobile: 917 715 8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

STATEN ISLAND, N.Y. – Victory State Bank would like to provide you with the following update that has been issued by the Federal Trade Commission (FTC).

If you've been following the news this holiday season, you've probably heard that Target shoppers may have been affected by the recent data breach. Target notified their customers of the breach via email.

Unfortunately, scammers follow the news, too. Scam artists may send out phony "Target" emails pretending to help, but they actually want to trick you into giving them your personal information. And they are skilled at making the emails look real. If you get an email that says it's from Target, here's what to look out for to make sure you don't get scammed.

*If any email asks for your personal or financial information, it's most likely a scam. Say the email asks for your credit card number to check whether your card was compromised by the breach. What do you do? Don't reply. No legitimate business will ask for your personal information through unsecure methods like email.

*If there are links in the email, don't click on them, even if they seem legit at first glance. Scammers can easily create links and sites that look like the real deal, but can install viruses to your device or direct you to spoof sites that exist to steal your information. Hovering over a link can reveal a deliberately misspelled web address, or a completely different destination. Your best bet is to type the URL directly into your browser.

During the holidays, scammers may send emails promising a free gift card, a new tablet or computer, or even a seasonal job in exchange for your financial information. Even though these offers may sound tempting, delete the message and keep your information to yourself.

If you think you've received a fake email, forward it to This email address is being protected from spambots. You need JavaScript enabled to view it. , and delete the message from your inbox.

About Victory State Bank:

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.'s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC
Headquarters: 718 682 1509
http://www.RelevantPR.com
Mobile: 917 715 8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

STATEN ISLAND, N.Y. – Just as you do your homework before making other important purchases, it's a good idea to research antiques before you buy them. This may include visiting antique shops, malls, and auctions; talking with collectors and reputable dealers; and reading price guides, auction catalogs, books, and magazines on the items you're interested in buying.

The more you know, the less likely you are to buy something that isn't what you thought, or to pay more than you should.

When shopping, ask questions:

• How long have you been a dealer?
• Do you belong to any professional organizations, like dealer associations, appraiser associations, or organizations related to specific types of merchandise?
• Do you specialize in certain items? Dealers who specialize can teach you a lot about telling the difference between real antiques, reproductions, and fakes.
• Do you carry reproductions? If dealers have reproductions mixed in with antiques, the reproductions should be labeled clearly. If they're not, be careful: Some reproductions are so well done that even experts can have trouble recognizing them for what they are.
• How do you know the item is genuine and not a fake or reproduction?
• How did you determine the price for the item?
• What criteria did you use to identify the item?
• Will you guarantee the authenticity of the item in writing? If the dealer isn't willing to give you a guarantee, don't disqualify the purchase. Many dealers buy items without absolute certainty about their authenticity, but the price should reflect that.
• What is your return policy? A reputable dealer should agree, in writing, to take back anything that was misrepresented.

When you decide to buy an item, get a written receipt that includes the seller's name, address, and phone number; the date; a complete description of the item, including age, origin, any repairs or replacements, the price you paid, and how you paid; and, if the seller claims the item is authentic, a written guarantee.

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.'s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC
Headquarters: 718 682 1509
http://www.RelevantPR.com
Mobile: 917 715 8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.