LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) reports the results of its 2018 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 25, 2018. Each of the director nominees listed in VersaBank’s management information circular dated March 1, 2018 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places: ...
LONDON, Ontario--(BUSINESS WIRE)-- Further to VersaBank’s (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) news release of January 23, 2018 announcing it is developing a blockchain based vault initiative to securely store digital property, it is pleased to announce that its subsidiary, VersaVault Inc. (“VersaVault”), has signed two memorandums of understanding (MOUs). The two MOUs have been signed with a cryptocurrency exchange and a cryptocurrency based fund in order to facilitate discussions regarding VersaVault providing custodial service...
LONDON, Ontario--(BUSINESS WIRE)-- All amounts are unaudited and in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our first quarter 2018 (“Q1 2018”) unaudited Interim Consolidated Financial Statements for the period ended January 31, 2018 and Management’s Discussion and Analysis, are available online at www.versabank.com/investor-relations and at www.sedar.com. Supplementary Financial Information will also be ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its Common Shares (TSX:VB) and 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B). The Common Share dividend of $0.01 per share and the Series 1 Preferred Share and Series 3 Preferred Share dividends of $0.175 per share are payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of April 30, 2018 to shareholders of record at th...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) announced today that it has hired Upneet Singh as a Cyber Security Lead focusing on Security Vulnerabilities and Penetration Testing to join VersaVault’s senior cyber security team developing its Blockchain based vault initiative to securely store digital property. Upneet has significant experience with security risk assessments, security standards and management, architecture security, network and application security, penetration testing,...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”), a digital Canadian bank, is pleased to announce President & CEO, David Taylor, will be a Feature Presentation speaker at the Cantech Investment Conference 2018, Canada's largest technology conference. David Taylor will discuss digital technology successfully applied to traditional banking to make extraordinary profits. David Taylor will speak at 4:00pm on January 31, 2018. The conference is being held at the Metro Toronto Convention Centre...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) announced today that it is developing a Blockchain based vault initiative to securely store digital property and has hired Gurpreet Sahota as Chief Architect of Cyber Security. Gurpreet has extensive experience in cyber security and is a global leader in this field. He was most recently employed by Blackberry as Principal Architect of Cyber Security. In addition to being a cyber security advisor to VersaBank, Gurpreet will head up a team made up of ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) is pleased to announce that it has been approved as a tenant at the prestigious Innovation Place in Saskatoon, Saskatchewan. This technology park is located adjacent to the University of Saskatchewan campus and hosts a number of Canada’s most innovative companies employing state-of-the-art facilities. For more information see: http://www.innovationplace.com. With world-class technology parks in Saskatoon and Regina, Innovation Place helps g...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) today announced that its 2017 Annual Financial Statements and Management’s Discussion and Analysis have been made available at www.versabank.com/investor-relations and at www.sedar.com. Commentary regarding VersaBank’s fourth quarter and fiscal 2017 results can be found in the November 29, 2017 earnings release, available at www.versabank.com/investor-relations and at www.sedar.com. About VersaBank VersaBank, a tech...
LONDON, Ontario--(BUSINESS WIRE)-- All amounts are unaudited and in Canadian dollars unless otherwise noted. VersaBank’s 2017 Annual Financial Statements and Management’s Discussion and Analysis will be made available on December 15, 2017 at www.versabank.com/investor-relations and at www.sedar.com. Supplementary Financial Information will also available on our website at that time at www.versabank.com/investor-relations. VersaBank, (“VB” or the “Bank”), (TSX:VB), today reported net income of $2.8 million for the quarter, up ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its Common Shares (TSX:VB) and 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B). David Taylor, President & CEO, remarked that “VersaBank is pleased to have reached an important milestone: the declaration of its first common share dividend.” The Common Share dividend of $0.01 per share and the Series 1 Preferred Share and Series ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) today announced that it has obtained approval from the Toronto Stock Exchange (TSX) to proceed with a Normal Course Issuer Bid (“NCIB”) for its common shares. VersaBank believes that the market price of its common shares are unusually low and do not fully reflect the value of its business and its future business prospects. As a result, VersaBank believes that purchasing its common shares represents an appropriate and desirable use of available funds. Pursua...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B). The Series 1 Preferred Share dividend of $0.175 per Series 1 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of October 31, 2017 to shareholders of record at the close of business on October 6, 2017. The Series 3 Preferred Share dividend...
LONDON, Ontario--(BUSINESS WIRE)-- All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our third quarter 2017 (“Q3 2017”) Management’s Discussion and Analysis and unaudited Interim Consolidated Financial Statements for the period ended July 31, 2017, are available online at www.versabank.com/investor-relations and at www.sedar.com. Our Q3 2017 Supplementary Financial Information is also available ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B). The Series 1 Preferred Share dividend of $0.175 per Series 1 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of July 31, 2017 to shareholders of record at the close of business on July 7, 2017. The Series 3 Preferred Share dividend of $0...
LONDON, Ontario--(BUSINESS WIRE)-- All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our second quarter 2017 (“Q2 2017”) Management’s Discussion and Analysis and unaudited Interim Consolidated Financial Statements for the period ended April 30, 2017, are available online at www.versabank.com/investor-relations and at www.sedar.com. Our Q2 2017 Supplementary Financial Information is also availabl...
LONDON, Ontario--(BUSINESS WIRE)-- The VersaBank (TSX: VB) Board of Directors is pleased to announce it has appointed The Hon. Maurizio Bevilacqua Vice-Chairman. Further to a news release of March 9, 2017, Mr. Bevilacqua was elected as a Director to the Board by shareholders at the Bank’s Annual General Meeting held on April 26, 2017. Further to his election as Director, Mr. Bevilacqua was subsequently appointed Vice-Chairman by the Board. The Hon. Maurizio Bevilacqua was elected as the Mayor of the City of Vaughan in 2010. P...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) today announced the completion of its previously announced merger with PWC Capital Inc. (TSX: PWC, PWC.PR.A, PWC.PR.B, PWC.NT.C) (“PWC”) and related transactions. “We are delighted with the support we have received from all of our securityholders in completing this transformative transaction,” said David Taylor, President and Chief Executive Officer of VersaBank. “We believe the combined entity is now better positioned to deliver on its ...
LONDON, Ontario--(BUSINESS WIRE)-- VersaBank (TSX:VB, VB.PR.A, VB.PR.B) (“VersaBank”) and PWC Capital Inc. (TSX:PWC, PWC.PR.A, PWC.PR.B, PWC.NT.C) (“PWC”) today jointly announced that they have received letters patent of amalgamation from the Minister of Finance of Canada in respect of the previously announced merger of the two companies. This represents the final regulatory approval required for the amalgamation and related recapitalization of PWC (collectively, the “Merger”). Closing of the Merger will occur when the letters patent ...
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