Victory State Bank Urges Islanders To ‘Go Local’
STATEN ISLAND, N.Y. — April is
Community banks put local deposits back to work in the community, and are financial first-responders, both in good times and in bad. As a result, Staten Islanders will be reinvesting in their neighborhoods and making the borough a better place to live and work for generations to come.
Victory State Bank is the only community-based bank on the Island.
“We are relationship lenders. We only thrive when our customers and communities do the same,” said Ralph Branca, president and CEO of Victory State Bank. “Taking care of our customers and looking out for the best interest of our community is the way we do business.”
By driving local economies and creating local jobs, community banks are an integral part of our nation’s financial system. Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members. Representing more than 23,000 locations nationwide and employing more than 280,000 Americans, ICBA members hold more than $1 trillion in assets, $900 billion in deposits, and $700 billion in loans to consumers, small businesses and the agricultural community.
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