Victory State Bank Urges Islanders To ‘Go Local’

STATEN ISLAND, N.Y. — April is Community Banking Month. Victory State Bank and the Independent Community Bankers of America (ICBA) and are encouraging Staten Island’s residents and small-business owners to “Go Local” by banking with a community bank. 

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.

About ICBA

The Independent Community Bankers of America, the nation’s voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers we serve. For more information, visit www.icba.org.

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

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