Victory State Bank: With Proper Strategy,

Debt Can Be Overcome

 

STATEN ISLAND, N.Y. --While coping with debt can often leave you feeling hopeless, Victory State Bank ensures that you are not alone.

Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

Victory State Bank points to the Federal Trade Commission, which invites you to consider these options: 

  • Self-help using realistic budgeting and other techniques
  • Debt relief services, like credit counseling or debt settlement from a reputable organization
  • Debt consolidation
  • Bankruptcy

 

Your course of action will depend upon your level of debt, your level of discipline, and your prospects for the future.

 

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

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 Shares Information on Declaring Bankruptcy


STATEN ISLAND, N.Y. – Occasionally, some people will fall behind on bills due to unforeseeable circumstances. In extreme cases, bankruptcy may be a viable option. Victory State Bank would like to provide you with information from the United States Government on how the process works.

 U.S. federal courts have exclusive jurisdiction over bankruptcy cases. This means that you cannot file a bankruptcy case in a state court. More on bankruptcy cases.

Bankruptcy laws help you get a fresh start when you can no longer pay your creditors. The laws allow you to liquidate your assets to pay your debts or create a payment plan.

Most cases are filed under the three main chapters of the Bankruptcy Code:

  1. Chapter 7: Liquidation under the Bankruptcy Code - Providing for "liquidation," ( i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors).
  2. Chapter 11: Reorganization of Business - Providing (generally) for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in Chapter 11.
  3. Chapter 13: Individual Debt Adjustments - Adjustment of debts of an individual with regular income. Chapter 13 allows you to keep property and pay debts over time, usually three to five years.

The fees for filing bankruptcy depend on the chapter of the bankruptcy code under which you file.

Although not required, a licensed attorney may be able to answer your questions and help you file the necessary bankruptcy forms.

You can obtain the required bankruptcy forms online if you choose to file a bankruptcy petition without the assistance of an attorney.


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

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 Advises Safe Online Shopping Practices

 

STATEN ISLAND, N.Y. – With the holiday season approaching, its time to start shopping for friends and loved ones. Victory State Bank knows that many of us will turn to online shopping for our purchase; to help you be as safe as possible, please heed the following warning from the Federal Bureau of Investigation.

The FBI urges consumers to protect themselves when shopping online. Here are a few tips for staying safe:

  • §Be cautious if you lose an auction on an auction site but the seller contacts you later saying the original bidder fell through.
  • §Make sure websites are secure and authenticated before you purchase an item online. Use only well-known escrow services.
  • §Research to determine if a car dealership is real and how long it has been in business.
  • §Be wary if the price for the item you’d like to buy is severely undervalued; if it is, the item is likely fraudulent.
  • §Scan files before downloading them to your computer.
  • §Keep your computer software, including the operating system, updated with the latest patches.
  • §Ensure your anti-virus software and firewalls are current—they can help prevent malware infections.

If you have fallen victim to this type of scam, file a complaint with the Internet Crime Complaint Center atwww.ic3.gov.

 


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

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 Reminds People To Be On Lookout For Fake Disaster-Related Charities

 

STATEN, N.Y. -- With Mother Nature at times leaving a path of destruction, Victory State Bank warns of charity scams after devastations such as Hurricane Sandy and the recent tornado in Moore, Okla.

The influx of organizations accepting donations to aid disaster-affected areas are prominent, but not all are reputable.

If you want to donate to help people, always check to make sure your money is going to a reliable charity. Unfortunately, scammers compete with reputable charities for your dollars.


The Federal Trade Commission provides a few tips to ensure you good intentions don’t go to waste:

 

  • Donate to charities you know and trust. Be alert for charities that seem to have sprung up overnight in connection with current events, like a natural disaster.

 

  • Ask if a caller is a paid fundraiser, who they work for, and what percentage of your donation goes to the charity and to the fundraiser. If you don’t get a clear answer- or if you don’t like the answer you get- consider a different organization.

 

  • Don’t give out personal or financial information- including your credit card or bank account number – unless you know the charity is reputable.

 

About Victory State Bank

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank, which is  Staten Island, N.Y.’s only community-based commercial bank. Victory State Bank commenced operations on Nov. 17, 1997. The bank's initial capitalization of $7 million was primarily raised within the community of Staten Island. VSB Bancorp’s total equity increased to $27.1 million by Dec. 31, 2011. 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. A pending sixth branch, located in the Charleston/Tottenville section of Staten Island, is subject to regulatory approval. 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: How To Control Information About Your Online-Browsing Activities


STATEN ISLAND, N.Y. – When it comes to privacy, Victory State Bank is at the forefront of consumer protection.

Naturally, computer privacy remains a high-priority issue.

Have you ever wondered why some online ads you see are targeted to your tastes and interests, or how Web sites remember your preferences from visit to visit?

 The answer may be in the “cookies.” A cookie is information saved by your Web browser, the software program you use to visit the Web.

Cookies can be used by companies that collect, store and share bits of information about your online activities to track your behavior across sites. Cookies also can be used to customize your browsing experience, or to deliver ads targeted to you.

OnGuardOnline.gov wants you to know how cookies are used and how you can control information about your browsing activities.

Click here for: answers to some commonly asked questions about cookies – what they are, what they do, and how you can control them.

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

www.RelevantPR.com

Mobile: 917‑715‑8761

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