CLOSTER, N.J. - VSB Bancorp Inc. said it hired Ryan. Beck & Co., an investment banking firm in New Jersey, to explore a possible sale of the company, the acquisition of other banks, or other actions that might enhance shareholder value.

The company noted that after its previously reported 20% stock dividend, it expected cash dividends to remain at 7 cents a share.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.