LONDON,
ON, Dec. 7, 2022 /PRNewswire/ - VersaBank (the
"Bank") (TSX: VBNK); (NASDAQ: VBNK) today announced that cash
dividends in the amount of CAD $0.025
per Common Share of the Bank and CAD $0.1693 per Series 1 Preferred Share of the Bank,
have been declared for the quarter ending January 31, 2023, payable as of January 31, 2023, to shareholders of record at
the close of business on January 6,
2023.
The dividends to which this notice relates are eligible
dividends for tax purposes.
About VersaBank
VersaBank is a Canadian Schedule I chartered (federally
regulated) bank with a difference. VersaBank became the world's
first fully digital financial institution when it adopted its
highly efficient business-to-business model in 1993 using its
proprietary state-of-the-art financial technology to profitably
address underserved segments of the Canadian banking market in the
pursuit of superior net interest margins while mitigating risk.
VersaBank obtains all of its deposits and provides the majority of
its loans and leases electronically, with innovative deposit and
lending solutions for financial intermediaries that allow them to
excel in their core businesses. In addition, leveraging its
internally developed IT security software and capabilities,
VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber
Inc. to pursue significant large-market opportunities in cyber
security and develop innovative solutions to address the rapidly
growing volume of cyber threats challenging financial institutions,
multi-national corporations and government entities on a daily
basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange
("TSX") and Nasdaq under the symbol VBNK. Its Series 1
Preferred Shares trade on the TSX under the symbol
VBNK.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank
