ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 15, 2008, VSB Bancorp, Inc. (the "Company") reported its results of operations for the quarter ended September 30, 2008 of $542,704 or diluted earnings per share of $0.29 and for the nine months ended September 30, 2008 of $1,330,924 or diluted earnings per share of $0.71. The Company's return on average assets and average equity were 0.97% and 9.40%, respectively, for the quarter ended September 30, 2008. This information and the accompanying press release were disseminated on October 15, 2008 through the broad distribution of the press release in a manner designed to provide broad, non-exclusionary distribution of the information to the public, but this voluntary report on Form 8-K is being filed so that the public can have a consistent source for earnings releases by searching the SEC's EDGAR database.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

c. Exhibits - Press Release dated October 15, 2008 of VSB Bancorp, Inc. describing the results of operations for the quarter and nine months ended September 30, 2008 is annexed as Exhibit 99.1.

For additional information, see annexed Exhibit 99.1.