VersaBank

VersaBank announced that its Form S-4 registration statement, related to a proposed corporate reorganization, has been declared effective by the U.S. Securities and Exchange Commission. This reorganization aims to realign the corporate structure to a standard U.S. bank framework, with Versa Bancorp becoming the direct holding company. A special shareholder meeting is scheduled for September 16, 2026, for shareholders to vote on the proposal, with the record date for voting set for August 10, 2026. The reorganization remains subject to various regulatory approvals.

VersaBank announced the appointment of Lawrence Chamberlain as Global Senior Vice President, Investor and Stakeholder Relations, effective immediately. Mr. Chamberlain has been a consultant for the bank's investor relations program for the past six years and brings over three decades of capital markets experience. This move aims to support the bank's anticipated significant growth, particularly in the U.S. market and the Digital Asset sector.

VersaBank announced a special shareholder meeting on September 16, 2026, to consider and vote on a proposed corporate reorganization. This realignment aims to establish Versa Bancorp, a new Delaware corporation, as the direct holding company for VersaBank and VersaBank USA National Association. The bank expects the SEC to declare its S-4 registration statement effective soon, which is anticipated to enhance shareholder value, improve access to capital, provide eligibility for U.S. stock indices, mitigate risk, and reduce corporate costs. The reorganization is subject to shareholder and regulatory approvals.

VersaBank announced that its management will participate in the KBW Summer Bank Conference in New York City on July 28-29, 2026. During the conference, management plans to hold one-on-one meetings to discuss the strong momentum of its Structured Receivable Program in the United States. Additionally, they will highlight the significant near-term opportunities for the bank's proprietary digital asset technology, focusing on its leading capabilities and early mover advantage in both the stablecoin and tokenized deposit markets.

VersaBank announced that financing industry veteran Moe Danis, CFA, has rejoined its Structured Receivable Program (SRP) team. His role will be to support business development for the Bank's Real-Time SRP, with a particular focus on large-partner opportunities in the U.S. market. Danis, who previously worked at VersaBank from 2010 to 2016, brings nearly five decades of experience to help capitalize on the increased demand for the recently launched Real-Time SRP.

VersaBank announced that its US subsidiary, VersaBank USA, has partnered with a wholly owned subsidiary of ECN Capital to utilize its Structured Receivable Program (SRP) in the United States. This new agreement is expected to generate at least US$300 million in additional annual SRP fundings, with potential to exceed US$500 million per year. This is the second SRP collaboration with ECN Capital, further validating VersaBank's program and its expansion into the US market.

VersaBank announced a $60,000 donation to The Salvation Army's Harvest Hope Campaign. The donation, presented at the bank's Summer Celebration event, aims to provide food support to individuals and families through various programs. David Taylor, Founder and President of VersaBank, highlighted the importance of helping those in need during difficult economic times and encouraged other businesses to contribute to community support organizations.

VersaBank announced the launch of its industry breakthrough Real-Time Structured Receivable Program (SRP), which is AI-enabled. Financeit Canada Inc., one of the Bank's largest SRP partners, is the first to adopt this new program on a large scale. The Real-Time SRP is now available to other existing and prospective partners in both Canada and the United States, with VersaBank expecting to grow its market share. Financeit anticipates the program will significantly contribute to its business, as it approaches $2 billion in annual loan originations.

VersaBank announced that its Founder and President, David Taylor, was honored and served as a guest speaker at Westminster Abbey in London, UK. The event celebrated the launch of "Monarchy and Democracy: A History of Leadership," a new publication recognizing achievement and progress. Mr. Taylor's career accomplishments and VersaBank's significant innovations in the banking and financial industry were highlighted.

VersaBank announced the public filing of a Form S-4 Registration Statement with the SEC for a proposed corporate reorganization. This plan aims to realign its structure to a standard U.S. bank framework, making Versa Bancorp, a new Delaware corporation, the holding company for VersaBank and VersaBank USA National Association. The reorganization is intended to enhance shareholder value by increasing investor familiarity and enabling capital raising, though it requires shareholder and various regulatory approvals.