VSB Bancorp, Inc. is the holding company for Victory State Bank (the Bank), a commercial bank. The Company owns all of the issued and outstanding stock of the Bank. The Bank is a New York State chartered commercial bank, supervised by the New York State Department of Financial Services (NYSDFS) and the Federal Deposit Insurance Corporation (FDIC). The Bank gathers deposits from individuals and businesses primarily in Staten Island and makes loans across that community. The Bank invests funds that are not used for lending primarily in government securities, mortgage backed securities and collateralized mortgage obligations. The investment securities are classified as held-to-maturity and available-for-sale. The Bank offers commercial real estate mortgage loans, and commercial and industrial loans. Its commercial real estate loans include income producing investment properties and owner-occupied real estate used for business purposes.