VBNK News & Events

VersaBank announced that the Bank has entered into a definitive agreement for the sale of certain assets associated with its only bank branch in Holdingford, Minnesota to Stearns Bank National Association. The Holdingford Sale has been approved by the Office of the Comptroller of the Currency. The Holdingford Sale will have de minimis impact on VersaBank's tangible book value and is expected to result in a one-time, non-cash intangible asset write off of approximately $1.7M in the second quarter of fiscal 2026. Otherwise, the transaction, which is anticipated to close in Q226, is expected to have de minimis financial implications for the Bank beyond the contribution to efficiency.

VersaBank announced it has commenced a critical initiative to add foreign exchange functionality and other enhancements to its proprietary VersaView blockchain interface technology to support the commercialization of its Real Bank Tokenized Deposits. "With more than $1 trillion in trade between the United States and Canada annually and as the only bank with ability to issue both U.S. and Canadian-dollar denominated tokenized deposits, the ability for our partners' depositors to quickly, seamlessly and inexpensively convert these currencies to one another is a unique advantage of our RBTDs," said David Taylor, Founder and President, VersaBank.

Nicolas Ospina has been appointed to the newly created role of Global CFO with responsibility for oversight of VersaBank's (VBNK) finance function at the corporate level. Ospina joins VersaBank from Raymond James' (RJF) Financial Services Investment Banking Group, bringing over a decade of banking, financial services, and capital markets experience to our organization. The appointment is effective January 5, 2026.