VersaBank
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Susan T. McGovern
- Full Time Employees
- 131
- Sector
- Finance
- Industry
- Regional banks
- Address
- 140 Fullarton Street London ON Canada N6A 5P2
- IPO Date
- Aug 27, 2013
- Website
- versabank.com
- Similar Companies
- Business
- VersaBank (TSX, Nasdaq: VBNK) operates as a Canadian Schedule I chartered bank and the world's first fully digital financial institution, delivering branchless, cloud-based business-to-business banking solutions focused on digital deposits and lending across Canada and the United States through three segments: Digital Banking Canada, Digital Banking USA, and DRTC cybersecurity services. The bank offers deposit products including guaranteed investment certificates, registered retirement savings plans, tax-free savings accounts, high-interest savings accounts, and deposit insurance products sourced via a nationwide network of deposit brokers and financial intermediaries; lending services encompass point-of-sale financing for e-commerce and home improvement purchases, receivables purchase programs providing liquidity to public sector entities, hospitals, municipalities, and corporations, commercial real estate mortgages and loans, public sector financing, equipment leases, and other specialized corporate lending; cybersecurity solutions through wholly owned subsidiary DRT Cyber Inc., including digital vault services and threat protection for financial institutions, multinationals, and governments. Founded in 1980 as Pacific & Western Trust Corporation and renamed VersaBank in 2016, the bank maintains headquarters in London, Ontario, with deposit operations in Saskatoon, Saskatchewan, and financing offices across Canada. Recent developments include the addition of two new Receivable Purchase Program partners in Canada in September 2025, marking the first securitization partner with an initial funding transaction completed and a second expected soon, alongside the largest U.S. RPP partner announcement surpassing fiscal 2025 targets with US$310 million in fundings, the launch of an enhanced CMHC lending program in November 2025 projected to generate at least $2 million in incremental fiscal 2026 revenue, implementation of internally developed AI capabilities for real-time cash flow purchasing within RPP, and celebration of its first U.S. annual meeting by ringing the Nasdaq closing bell in April 2025.
Company News
SB Financial Group (NASDAQ:SBFG) & VersaBank (NASDAQ:VBNK) Head-To-Head Comparison
VersaBank Initiates Commercial Phase of Tokenized Deposit Program in the United States
VersaBank Receives Canadian Finance Minister Approval for Reorganization
VersaBank's 2026 Outlook: U.S. Expansion Targets $300 Million in Annual Funding
VersaBank (TSE:VBNK) Shareholders to Collect $0.03 Quarterly Dividend
VersaBank: Expensive, But Growth Still Justifies A Buy
Versabank Partners with Fiserv to Provide Critical Digital Asset Technology and Custody/Reserve Management Services for Bank of North Dakota's Roughrider Stablecoin
VersaBank Significantly Expands Addressable Market for Structured Receivable Program in the U.S. with Launch of Funding to Small Business Sector
VersaBank (VBNK:CA) Shareholder/Analyst Call Transcript
VersaBank to Participate in the Raymond James US Bank and Banking on Tech Conference in Chicago on September 8-10, 2026
VersaBank (VBNK:CA) Q3 2026 Earnings Call Transcript
VersaBank Q3 Earnings Call Highlights
VersaBank (VBNK) Misses Q3 Earnings and Revenue Estimates
VersaBank Announces First Implementation of Real-Time Structured Receivable Program in the United States
VERSABANK TO HOST THIRD QUARTER FISCAL 2026 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST THURSDAY, SEPTEMBER 3 AT 9:00 A.M. ET
VERSABANK ANNOUNCES SIGNING OF REORGANIZATION AGREEMENT AND FILING AND MAILING OF MATERIALS FOR SPECIAL MEETING OF SHAREHOLDERS TO APPROVE PROPOSED REORGANIZATION
VersaBank (TSE:VBNK) Trading 0.8% Higher – Here’s Why
VERSABANK FORM S-4 REGISTRATION STATEMENT FOR PROPOSED REORGANIZATION DECLARED EFFECTIVE BY SEC
VERSABANK APPOINTS INVESTOR RELATIONS VETERAN LAWRENCE CHAMBERLAIN AS GLOBAL SVP, INVESTOR AND STAKEHOLDER RELATIONS
VERSABANK CALLS SPECIAL SHAREHOLDER MEETING TO APPROVE PROPOSED REORGANIZATION