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VECTA INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 20, 2023. Its latest SEC filing is a 15-12G from Dec 20, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Takes deposits from consumers and businesses and lends the funds for real estate, student, and business loans.

How Did They Make Money?

revenue

Who Were Their Customers?

Consumers and businesses use the bank for deposits and loans through its full-service banking office in Irvington, New York.

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Sep 30, 2023
Revenue
▲ +34%
vs $858.8K in Q3 FY2022
Net income
▼ Now a loss
vs $8.3K in Q3 FY2022
  • May 30, 2023 The company replaced its independent accounting firm Marcum was engaged for the year ending December 31, 2023, after Fontanella resigned.

Lending focus The older report describes residential real estate lending before commercial and multifamily lending; the latest report emphasizes commercial and multifamily real estate loans and plans to grow that portfolio.

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