VersaBank operates as a regional bank providing digital banking services and financial products across Canada and the United States. The company offers deposit products including guaranteed investment certificates, registered retirement savings accounts, and tax-free savings accounts, alongside deposit insurance products. Its lending operations encompass point-of-sale financing for purchasing loan and lease receivables, commercial real estate mortgages and loans, public sector financing, and lease arrangements.
The company is organized into three primary business segments. Digital Banking Canada and Digital Banking USA represent its core retail and commercial banking operations in each market. The DRTC segment focuses on cybersecurity services and banking and financial technology development, representing a secondary revenue stream.
Headquartered in London, Ontario, VersaBank operates with approximately 131 full-time employees. The company was incorporated in Canada at the federal level in 1979 and rebranded from Pacific & Western Bank of Canada to VersaBank in May 2016. It is listed on Nasdaq, indicating access to U.S. capital markets despite its Canadian domicile.
No 10-K filings found.