VersaBank

Company Profile

• Business description

  VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world’s first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established a wholly-owned, subsidiary.

• Contact

  140 Fullarton Street
  Suite 2002
  London ON N6A 5P2
  CAN

  T: +1 519 645-1919

  E: investorrelations@pwbank.com

  https://www.versabank.com

• Sector

  Financial Services

  Stock type

  Cyclical

• Industry

  Banks - Regional

  Fiscal Year End

  31 October 2024

  Employees

  119