With its cloud-based, branchless, business-to-business model, VersaBank offers investors the intrinsic value of a highly risk-mitigated bank with the operating leverage and high growth potential of a technology company.

VersaBank is at an inflection point for operating leverage.  Expected strong, steady growth in credit assets for the foreseeable future, driven by the ramp up of the Bank’s recent launch of its unique, highly attractive Receivable Purchase Program (RPP) in the underserved multi-trillion-dollar U.S. market, is expected to drive outsized increases in efficiency, profitability and return on common equity.

Capitalizing on the Digital Asset Revolution

VersaBank expects to capitalize on its leading-edge, proprietary technology that enables highly encrypted Digital Deposit Receipts, which combines the safety of traditional banking with the efficiency, cost savings, security, and flexibility of blockchain technology, providing superior security, stability, and regulatory compliance compared to conventional alternatives.

Positioned to Unlock Value in DRT Cyber

In addition to this compelling proposition for its digital banking operations, VersaBank investors also benefit a “free option” through the Bank’s wholly owned cybersecurity subsidiary, DRT Cyber, which addresses the high-growth market for cybersecurity and related IT privacy services.  Under the U.S. Federal Reserve’s approval of VersaBank’s 2024 acquisition of a U.S. bank, the Bank is required to divest DRT Cyber before September 2026, or such later date as may be permitted, with the objective to maximize the value derived from the divestiture for shareholders.