New Business in Safe Box Service | NBC4 Washington

Julie Carey, David Culver and the News4 team covering where you live

New Business in Safe Box Service

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    NEWSLETTERS

    You think safe deposit box, you typically think of a bank. But as banks phase out this secured storage option costumers in one county are looking elsewhere. Northern Virginia bureau reporter David Culver takes us inside "The Vault" in Ashburn. (Published Thursday, Dec. 4, 2014)

    With fewer banks offering the safe deposit box services, Bryant Stone saw a business opportunity.

    Stone, who has worked in banks for most of his career, has opened up his own business in Ashburn. The Vault houses safe deposit boxes of all sizes, for things like family heirlooms, odd shaped pieces of arts, or small portraits, he said.

    “We are a storage facility,” said Stone, owner of The Vault.

    The Vault is located in an Ashburn strip mall, and Bryant chose Loudoun County for a reason.

    In the past two years, the sheriff’s office has warned residents of increased home burglaries here, specifically targeting gold jewelry.

    Since Monday, he’s already filled 15 percent of his vault’s space. Ron Rubin keeps his coin collection here.

    “Look around you, it’s just the same thing as you would have in a bank, probably more,” said Rubin.

    For Tom Soska -- it’s everything from family valuables to passports.

    “They're protected from theft but also from fire, so that way I like to get it out of the house,” he explained.

    Unlike most banks, Bryant says he allows his customers access 24/7.

    According to the Federal Deposit Insurance Corporation, banks closed more than 1600 branches across the nation last year.