VBNK
VersaBankยทNASDAQ
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VBNK Profile
Versabank
A North American leader in business-to-business digital banking and technology solutions for cybersecurity
140 Fullarton Street, Suite 2002, London, Ontario N6A 5P2, Canada
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VersaBank is incorporated in Canada. VersaBank is a Canadian primary registered bank regulated by Canadian financial institutions, and its wholly-owned subsidiary VersaBank USA is a federally registered bank in the United States. The bank adopts a branchless, digital business-to-business business model and leverages its proprietary technology to effectively meet neglected market segments in the banking industry, thereby significantly reducing risk. VersaBank obtains significant operating leverage by electronically collecting deposits and providing financing primarily through financial intermediary partners. In March 2022, VersaBank launched a unique RPP funding solution for point-of-sale finance companies in the US market. VersaBank has established four reporting operations: Canadian Digital Bank, U.S. Digital Bank, DRTC (Cyber Security) and Digital Meteor, each focusing on providing specific products and services for different markets.
