VSB Announces $0.06 Dividend

VSB Bancorp, Inc.

, the holding company for Victory State Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per share payable on October 1, 2012 to stockholders of record on September 21, 2012. Joseph J. LiBassi, Chairman of the Board of Directors, stated, "We are pleased to announce our twentieth consecutive cash dividend. We are still maintaining our strong capital levels, even with our stock repurchases and our cash dividends, as we generate solid quarterly earnings. We are proud to be serving our community for fifteen years."