Are Your Deposits Federally Insured?
STATEN ISLAND, N.Y. -- Before opening a new bank account, Victory State Bank suggests you consider the following question: Will all my deposits be federally insured?
This is important to know before opening an account or making a sizable deposit in the future. The Federal Deposit Insurance Corp. (FDIC) guarantees deposits up to at least $250,000 per depositor per institution, including principal and accrued interest, if the bank fails.
If you have less than $250,000 in a bank account, you can rest easy knowing that no depositor has lost a penny of insured funds since the FDIC’s creation in 1933.
For help or information regarding FDIC insurance coverage, call the
FDIC toll-free at 1-877 ASK-FDIC (1-877-275-3342)
or visit http://www.fdic.gov/deposit/deposits/.
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 .