VSB Bancorp, Inc. Announces 38th Consecutive Cash Dividend

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<p>STATEN ISLAND, NY--(Marketwired - Mar 20, 2017) - VSB Bancorp, Inc. (<exchange name="OTCQX">OTCQX</exchange>: <ticker name="VSBN">VSBN</ticker>), the holding company for Victory State Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share payable on April 3, 2017 to stockholders of record on March 24, 2017. Joseph J. LiBassi, Chairman of the Board of Directors, stated, "We are pleased to announce our thirty-eighth consecutive cash dividend. We have been able to pay a higher cash dividend while our dividend payout ratio remains relatively low."

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