The low-leveraged, high-margin VersaBank set to trade as stand-alone entity

Financial Post
Barry Critchley

All the security holders have overwhelmingly endorsed the first-of-its-kind transaction, the regulators have given the green light and now all that remains is for the market to give its assessment of the new VersaBank, a one-year-in-the-making revamped structure.

It will get the chance Thursday when VersaBank common shares, which were issued pursuant to merger with its parent, PWC Capital, start trading on the TSX. The shares of the amalgamated entity will continue to trade under the previous symbol, VB.