$14.58
+0.13(0.90%)
Mkt Cap $468M
$8.89
$16.95
52-Week Range
At a Glance
AI-generated6-K
VersaBank entered into a definitive agreement to sell certain assets associated with its only bank branch in Holdingford, Minnesota, to Stearns Bank National Association, approved by the OCC. The Holdingford Sale aligns with the Bank's branchless digital banking model, is expected to close in Q2 2026, and will contribute to efficiency with de minimis financial impact except for a $1.7 million non-cash write-off.$468M
Market Cap
$433M
Revenue
$44M
Net Income
Employees121
Fundamentals
How The Business Makes Money
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.
Industry Banks - Regional
Activity
What Changed Recently
Company Profile
CIK0001690639
ISINCA92512J1066
CUSIP92512J106
Phone519 645 1919
Address140 Fullarton Street, London, ON, N6A 5P2, GB
SEC EDGAR