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.

VSB Bancorp is the holding company for Valley Savings Bank.

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