Victory State Bank Encourages Control Over Your Personal Finance

 

STATEN ISLAND, N.Y. – As your money is a huge determining factor in your life, Victory State Bank advocates for strategizing personal finance.

 

The fundamental concept of spending is to make a budget or a plan for using your money wisely.

Victory State Bank recently visited Mymoney.gov, which shares these actions:

  • Live within your means.
  • Be a smart shopper, and compare prices and quality.
  • Track your spending habits and develop a budget or spending plan.
  • Plan for short-term and long–term goals.

 Set the maximum amount. A good way to take control of your spending is to set a limit as to how much money you plan to spend each week or each month.

Track your spending. This may take a few weeks or months to get a handle on how you are using your dollar or cents. Look into using on-line systems or phone apps for keeping track of your spending.

Keep a strong shopping mind. Be careful not to let a sale or discount coupon persuade you to purchase something you don’t really need and that isn’t in your spending plan.

Plan a big purchase. Take time to comparison shop by checking prices at a few different stores via phone or online.

Victory State Bank invites you to take the challenge of taking control of your finances today to plan for a better tomorrow.

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Victory State Bank Lists 5 Ways

 To Get Your Consumer Voice Heard

 

STATEN ISLAND, N.Y. – When a product or a service you’ve paid for disappoints you, follow the coorect course of action, says Victory State Bank.

Don’t settle for a shabby performance; instead get your money back. Most businesses want to keep you happy so you’ll be a returning customer.

Victory State Bank points to the following strategies suggesested by the Federal Trade Commission:


Return to the store or Web site. You can solve many consumer problems by talking to a store employee, or if you bought the item online, by returning to the website. Do this as soon as possible because some retailers have time limits on returns and refunds.

Call customer service. You may need to speak to someone at the company’s national headquarters or to the manufacturer of the product. Many companies provide a toll free number or address for the customer service department on the product packaging, warranty or receipt.

Use social media. Many companies have people to monitor posts and complaints about their service on social media pages. Your post will be most effective if you use a reasonable tone and explain the problem clearly.

Write a letter. If a call doesn’t work, draft an effective complaint. Describe the item you bought and the problem; include serial or model numbers and the name and location of the seller.

Get Outside Help. If your letter doesn’t do the trick, file a complaint with your state and local organizations. It’s free of charge.

While under some circumstances there is no guarantee for a refund, Victory State Bank shares these tips so your voice as a consumer voice can always be heard.

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Victory State Bank Honors 50th Anniversary

of National Small Business Week

 

STATEN ISLAND, N.Y – As today marks the tradition of 2013’s National Small Business Week, Victory State Bank applauds the important role owners’ play in our economy and communities.

From June 17- June 21, President Obama has continued America’s tradition of honoring the spirit and success of American small business owners.

Small businesses have always been the backbone of our economy, and we know that the success of America’s small businesses is critical to growing our economy and increasing our nation’s global competitiveness.

A recent article written by Karen Mills, an administrator for the Small Business Administration (SBA), emphasizes that half of all working Americans either work or own a small business.

This year, SBA has revamped and redesigned efforts to bring more tools, tips and resources to America’s 28 million small businesses, in conjunction with Administration-wide efforts to make government smarter, more responsive and more streamlined.

Victory State Bank encourages you to tune into this week’s events via live stream at www.sba.gov/smallbusinessweek or visit your favorite local small business and share it on Twitter with #SBW2013. READ MORE…

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Warns Against Sweepstakes Scam


STATEN ISLAND, N.Y. -- Victory State Bank would like to alert you to the following news:

The Federal Trade Commission (FTC) has recently announced a case against an operation that allegedly sent millions of personalized, professional-looking letters to people saying a cash prize of more than $2 million was reserved, “guaranteed and deliverable,” just for them. All the “winners” had to do was return a form with a $20 or $30 acceptance or registration fee. The letters targeted older people in the U.S., Canada, the UK, and dozens of other countries; altogether, the scam took in more than $9 million from its victims.

Still hoping for your golden ticket? There’s no need to give up sweepstakes altogether. According the FTC here’s what you should you know to avoid a prize scam:

You shouldn’t have to pay

Legitimate sweepstakes won’t make you pay money or buy something to enter or improve your chances of winning. That includes paying "taxes" or "shipping and handling charges" to claim a prize.

The prizes aren’t so great

If you do pay to redeem a prize, you’ll find it isn’t worth much or the "vacation" is anything but luxurious. You may end up paying far more than the prize is worth, if you get a prize at all.

Many prize promoters sell the information they collect to advertisers

When you sign up for a contest or drawing at a store, a mall, or another public place or event, instead of a prize, you could get more promotions in the mail, more telemarketing calls, and more spam email. So even if it takes a magnifying glass, read the fine print. That’s often where promoters hide the details about their business practices.

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 onlinehttp://www.victorystatebank.com.

Media Inquiries:

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http://www.RelevantPR.com

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Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 


VSB Bancorp Inc. Announces 23rd Consecutive Cash Dividend


STATEN ISLAND, N.Y. (June 14, 2013) --  VSB Bancorp, Inc. VSBN, the holding company for Staten Island-based Victory State Bank, announced yesterday that its Board of Directors has declared a quarterly cash dividend of $0.06 per share payable on July 1, 2013 to stockholders of record on June 24, 2013.

 "We are pleased to announce our twenty-third consecutive cash dividend. We are maintaining our strong capital position despite the unfavorable economy and interest rate environment," stated Joseph J. LiBassi, chairman of the board of directors.

Raffaele M. Branca, president and chief executive officer, reported, "Our dividend payout ratio is 51.2 percent on first-quarter 2013 earnings, a lower ratio than the previous quarter. Our interest rate margin continues to compress as we see limited loan opportunities and low rate investment options."

VSB Bancorp, Inc. is the one-bank holding company for Victory State Bank. Victory State Bank, a Staten Island based commercial bank, commenced operations on November 17, 1997. The Bank's initial capitalization of $7.0 million was primarily raised in the Staten Island community. The Bancorp's total equity increased to $27.7 million by March 31, 2013. The Bank operates five full service locations in Staten Island, the main office at 4142 Hylan Boulevard in Great Kills and branches on Forest Avenue in West Brighton, Hyatt Street in St. George, Hylan Boulevard in Dongan Hills and Bay Street in Rosebank.

The payment of dividends is at the discretion of the Board of Directors and nothing contained herein should be interpreted as a commitment to pay future dividends.

FORWARD-LOOKING STATEMENTS

Statements contained in this press release, which are not historical facts, are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to materially differ from those currently, anticipated. Those risks and uncertainties include, among other things, possible future changes in (i) the local, regional or national economy, (ii) market interest rates, (iii) customer preferences; (iv) competition or (v) federal or state laws.

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

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.