VersaBank

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.

VersaBank reported its interim consolidated financial results for the period ended April 30, 2026. The bank saw an increase in net income to $18.594 million for the six-month period, up from $16.672 million in the same period last year. Total revenue also grew to $74.807 million. Key balance sheet items show growth in deposits to $5.521 billion and credit assets to $5.676 billion. The bank's basic and diluted income per common share improved to $0.58.

VersaBank announced that David Taylor, its Founder and President, was named Executive of the Year by the Canadian Lenders Association at the Canadian Finance Summit on May 28, 2026. Taylor expressed pride in the recognition, highlighting VersaBank's continuous innovation in the North American point-of-sale finance space, including its real-time point-of-sale financing initiative. The award acknowledges leadership, innovation, and significant contributions by senior executives within the Canadian financial services sector.

VersaBank announced it will report its second quarter fiscal 2026 financial results on Wednesday, June 3, 2026, at approximately 7:00 a.m. ET. Following the release, the Bank will host a conference call and webcast at 9:00 a.m. ET to discuss the results. The call will feature a presentation by President David Taylor and Global CFO Nicolas Ospina, followed by a question and answer session. Details for accessing the call via telephone or live webcast, as well as replay information, were provided.

VersaBank announced the launch of a pilot program for its AI-enabled Real-Time Structured Receivable Program. This initiative is described as an industry breakthrough innovation in Point-of-Sale (POS) financing, designed to enhance the bank's capabilities and efficiency in this sector.

VersaBank announced that it has received approval from the Toronto Stock Exchange (TSX) for the renewal of its Normal Course Issuer Bid (NCIB). This approval enables the company to repurchase its common shares, signaling a continued commitment to capital management.