Victory State Bank Advises Using a Financial Plan In 2012

STATEN ISLAND, N.Y. --  Do any of your New Year’s resolutions involve money?

The key to saving and investing wisely in 2012 should begin with the creation of a financial plan.

Victory State Bank suggests that you start by making a list of goals, and then decide which are the most important to you.

For guidance, the bank recommends the following example from the U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy:

What are the things you want to save and invest for?

• A home

• A car

• An education

• A comfortable retirement

• Your children

• Medical or other emergencies

• Periods of unemployment

• Caring for parents

Decide how many years you have to meet each specific goal, because when you save or invest you’ll need to find a savings or investment option that fits your time frame for meeting each goal. Many tools exist to help you put your financial plan together.You’ll find a wealth of information, including calculators and links to non-commercial resources at www.investor.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 .

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