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TheStreet Open House

Graduation And Baby Shower For First-Time Moms

NEW YORK, Aug. 6 /PRNewswire/ -- Ten first-time mothers participating in the Nurse-Family Partnership (NFP) program on Staten Island gathered yesterday at the Stapleton site to mark their graduation from a financial-literacy program and share in a baby shower.

The free course, "Babies, Budgets and Banking," is a cooperative effort of Victory State Bank and the local NFP site. The Nurse-Family Partnership, a nationally replicated program, is overseen in New York City by the city's Health Department and implemented on the Island through Richmond Home Need Services, Stapleton.

"We have always believed that education and service are essential ingredients to building our Staten Island community," said Ralph Branca, president and CEO of Victory State Bank. "This free course provides first-time mothers with the basic financial skills that are essential for their family's welfare and future growth."

Victory State Bank operates five full-service locations on Staten Island -- the main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. Victory is the only community-based commercial bank in the borough.

"The financial-literacy program includes three weekly 90-minute sessions, including, 'Basics of Banking,' 'Budgeting for Baby' and 'How to Open and Use a Checking Account,'" explained Tracie Diggs , community development officer at Victory State Bank.

The Bank's financial-literacy course works in concert with broader services provided at no cost to first-time pregnant women who meet the enrollment requirements of the Nurse-Family Partnership program.

For more information about the New York City Nurse-Family Partnership, which is available in all five boroughs, call 311 or visit nyc.gov/health. For information regarding Victory State Bank's financial-literacy program, call Tracie Diggs at 718-889-3902.  

VSB Bancorp, Inc. (Nasdaq: VSBN) is the one-bank holding company for Victory State Bank. Victory State Bank is a Staten Island-based commercial bank, which commenced operations on Nov. 17, 1997. The bank's initial capitalization of $7 million was primarily raised within the community of Staten Island, N.Y. The Bancorp's total equity has increased to $25.9 million, primarily through the retention of earnings. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at http://victorystatebank.com/default.htm.

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SOURCE Victory State Bank

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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