Staten Island Commercial Bank Highlights

Useful Online Resource for Business Regulations

 

STATEN ISLAND, N.Y. – It’s a simple fact: All businesses are required to adhere to government regulations.

If you operate a business and are unsure about some aspect of requirements, Victory State Bank, Staten Island only community-bases business bank, suggest to log onto the “Find a Business Regulation” webpage at NYC.gov.

The online venue provides an opportunity to browse 931 city, state and federal licenses, permits and certifications within a vast array of business sectors.

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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 at www.victorystatebank.com.

Media Contact: 

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.

 

Staten Island Business Bank Helps Underscore Importance of Cyber-Security Diligence

 

Victory State Bank is urging Staten Islanders to remain alert when it comes to cyber security.

Every October since 2004, National Cyber Security Awareness Month – administered by the Department of Homeland Security (DHS)  -- reminds us of the importance of protecting not only our individual identities, finances, and privacy but also our country’s national security, critical infrastructure, and economy.

Victory State bank agrees with the Federal Bureau of Investigation (FBI), the DHS and other federal agencies when they remind us that Cyber security is a responsibility shared by all — the public sector, the private sector, and the general public.

As explained on the FBI’s website, Americans individually should ensure the security of their own computers and other electronic devices. You don’t want criminals accessing your bank accounts online. You don’t want to become part of a criminal botnet responsible for stealing millions of dollars. You don’t want to unknowingly infect your company’s computer network with a damaging virus.

So how can you protect against those scenarios? Here are a few tips:

§  Make sure you’ve got updated antivirus software installed;

§  Enable automated patches for your operating system;

§  Don’t open e-mail attachments or click on URLs in unsolicited e-mails;

§  Use strong passwords, and don’t use the same one or two passwords for everything, and

§  Avoid putting out personally identifiable information on social media platforms.

In other words, make it as difficult as possible for criminals and others to use your digital technology against you, against other innocent victims, and against our nation as a whole.

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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 at www.victorystatebank.com.

Media Contact: 

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.

 

State's Boost For Minority-, Women-Owned

Businesses Is A Record

Staten Island commercial bank sees benefits for borough

 

STATEN ISLAND, N.Y. – Businesses owned by minorities and women on Staten Island stand to gain from New York State's newly increased goals for contracting with such firms.

Victory State Bank, Staten Island's only community-based business bank, contends that Albany's recently articulated 30 percent aim can generate much more state work on the Island.


The governor's office reported that the 30 percent goal is the highest target for any state government in the nation.


Statewide, it means billions of dollars for minority-and-women-owned enterprises (MWBE).


In the 2013-14 fiscal year, when MWBE contracting was at 25 percent, there were nearly $2 billion worth of state contracts with firms headed by minorities and wormen, the state said, adding that even this amount was the nation's highest.


The state emphasized its desire to cultivate MWBEs as well as small, emerging businesses by pointing out its procurement process and contract opportunities.


The state's Business Mentor New York program began in May.  Business Mentor NY is described as a free mentoring program that connects volunteer business professionals to MWBEs and small businesses to help them address specific challenges and obstacles to success.

One-on-one guidance and counsel complements a network of financial and technical assistance providers that help owners and communities realize their full economic potential, the state said.  Nearly 1,200 mentors and entrepreneurs have signed up.  

These include nearly 500 pro bono business professionals, such as attorneys, accountants, consultants and other entrepreneurs and experts in the fields of finance, retail, communications,  information technology, human resources and staffing, public relations, sales and marketing, who volunteer as mentors. 

The MWBE team includes elected officials, business and academic leaders, and members of the Governor's cabinet and administration.



About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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 atwww.VictoryStateBank.com.

Media Contact: 

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.

 

Paradox Lurks in Small-Biz Life

Patterns typify proprietorship seen by Staten Island commercial bank

 

STATEN ISLAND, N.Y. – Although the economy has improved over the past several years, owners of small businesses seem ambivalent about recommending entrepreneurship to a younger generation.

Victory State Bank, Staten Island's only community-based business bank, notes the curious paradox that owners are more satisfied being proprietors but say it's often a reach to feel successful.

Gallup reported these findings from a survey earlier this year of small-business proprietors.

The polling firm's interpretation is that proprietors like the basic lifestyle and self-sufficiency of entrepreneurship and therefore may lean toward being satisfied even when measures of success may seem iffy.

Given reasons for starting a business, owners typically cited the desire to secure their financial future (69 percent), being their own boss (66 percent), and setting their own hours (51 percent).

Other reasons seem less important to owners. These include taking advantage of new opportunities, continuing a family business, providing jobs for family members, or pursuing a hobby.

The survey was part of Wells Fargo/Gallup research, which additionally shows that most owners would do it again if given the chance, but they are divided on recommending to young people that they start their own business.

Perhaps they recognize “the significant challenges that come with the territory of being an entrepreneur in today's economy,” Gallup concluded.

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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 at www.VictoryStateBank.com.

Media Contact: 

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.

 

When Dealing With Crisis, Beware Of Con Artists

Staten Island Business Bank urges local residents and business owners to knowthe warning signs of scams prior to facing a serious event

 

STATEN ISLAND, N.Y.  –  People are particularly vulnerable during times of crisis, and thieves know it. This is why Victory State Bank, Staten Island’s only community-based commercial bank, is urging local residents and business owners to know the red flags of potential frauds that target money and personal information.

The bank is stressing the importance of being able to recognize the acts of con artists who take advantage of individuals distracted by a crisis.

Michael Benardo, manager of the Cyber Fraud and Financial Crimes Section of the Federal Deposit Insurance Corp. (FDIC), said, “We've seen everything from criminals pretending to be from disaster-relief organizations asking for 'donations,' to scammers offering fake jobs to individuals who are looking for employment."The fraudsters know that people dealing with serious events may be distracted and easily deceived."

Victory State Bank points to these precautions suggested by the FDIC:

Protect personal and financial information. Don't provide bank or credit card numbers or other personal information over the phone, through e-mail, as a text message, or over the Internet unless you initiate the communication and you know the other party is reputable.

Review financial statements so you can quickly report any irregularities. And always keep your checkbook, blank checks, used checks, account statements, credit cards and other financial items in a secure location.

Look out for the people you care for. Since many scams target the ill or the elderly, pay attention to suspicious behavior, such as a sudden and unexpected major purchase, the opening or closing of a bank or card account without a good reason, or hiding financial statements to conceal what may appear to be an embarrassing mistake.

Also take note if your loved one mysteriously starts to spend significantly more time with new "best friends" and less time with the family.

"Scammers and con artists tend to target the same people over and over with offers for things the person may not really need," said Kathryn Weatherby, an examination specialist for the FDIC.

Only give to charities that you are familiar with or have researched. Check them out with the state government office that regulates charities, which you can find at the Web site of the National Association of State Charity Officials at www.nasconet.org/documents/u-s-charity-offices.

Use caution when making online donations. Go directly to a charity's Web site by independently confirming the address. Don't click on a link in an e-mail or on a random Web site because that may lead to a fake site.

Walk away from any offer or request that involves pressure to act quickly. Be suspicious if you are asked for money or personal information on the spot. Be particularly wary if someone says you previously agreed to send money and you don't remember doing so.

If you're a disaster victim, be careful about accepting unsolicited offers to make repairs. Ask people you trust for recommendations of licensed and insured contractors.

Check out local businesses, including complaints against them. Start by contacting your state Attorney General's office (www.naag.org/current-attorneys-general.php) or your state or local consumer affairs office (www.consumeraction.gov/state.shtml).

Ask for prices and other important information in writing before you agree to anything and understand any document you are asked to sign.

Be aware that con artists sometimes pose as debt collectors. Following a disaster, crooks know that people fall behind on bills so they attempt to collect on non-existent debts, often by posing as belligerent debt collectors or officials from the government or a law enforcement agency.

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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 at www.victorystatebank.com.

Media Contact:  

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.