VSB Bancorp, Inc. is a 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 offers commercial real estate mortgage loans and commercial and industrial loans. The Bank invests funds that are not used for lending primarily in government securities, mortgage backed securities and collateralized mortgage obligations. Customer deposits are insured, up to the applicable limit, by the FDIC. The Bank gathers deposits from individuals and businesses primarily in Staten Island and makes loans throughout that community.