LONDON,
ON, Dec. 9, 2024 /CNW/ - 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 have been declared for the quarter
ending January 31, 2025, payable as
of January 31, 2025, to shareholders
of record at the close of business on January 10, 2025.
The dividends to which this notice relates are eligible
dividends for tax purposes.
About VersaBank
VersaBank is a North American bank (federally chartered in
Canada and the U.S.) with a
difference. VersaBank has a branchless, digital,
business-to-business model based on its proprietary
state-of-the-art technology that enables it to profitably address
underserved segments of the banking industry in a significantly
risk mitigated manner. Because VersaBank obtains
substantially all of its deposits and undertakes the majority of
its lending electronically through financial intermediary partners,
it benefits from significant operating leverage that drives
efficiency and return on common equity. In August 2024, VersaBank launched its unique
Receivable Purchase Program (RPP) funding solution for
point-of-sale finance companies, which has been highly successful
in Canada for nearly 15 years, to
the underserved multi-trillion-dollar U.S. market. VersaBank
also owns Washington, DC-based DRT
Cyber Inc., a North America leader
in the provision of cyber security services to address the rapidly
growing volume of cyber threats challenging financial institutions,
multi-national corporations and government entities.
VersaBank's Common Shares trade on the Toronto Stock Exchange
("TSX") and Nasdaq under the symbol VBNK.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and X
(formerly Twitter)
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SOURCE VersaBank