VersaBank Announces the Results of Its 2017 Meeting of Shareholders

LONDON, Ontario–(BUSINESS WIRE)–VersaBank (TSX: VB) reports the results of its 2017 Annual and Special Meeting of Shareholders (the «Meeting») held in London, Ontario on April 26, 2017.

Each of the director nominees listed in VersaBank’s management information circular dated March 2, 2017 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

At the meeting the Shareholders also:

• approved the re-appointment of KPMG LLP as auditors of the Bank;
• approved an amendment to section 4.1 of By-Law No. 1 of VersaBank increasing the fixed number of directors to eleven; and
• approved an amendment to section 9.6 of By-Law No. 1 of VersaBank relating to director remuneration.

VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About VersaBank

VersaBank, a technology based and digital Canadian Schedule I chartered bank, operates using an «electronic branchless model». It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.