VBNK News & Events

VersaBank announced it has received approval from the Toronto Stock Exchange to renew its Normal Course Issuer Bid for its common shares. Pursuant to the NCIB, VersaBank may purchase for cancellation up to 2M of its common shares representing approximately 9.14% of its public float. As of April 16, 2026 the public float is comprised of 21,876,251 common shares and there were 32,167,347 issued and outstanding common shares in total.

VersaBank announced it has begun receiving QCAD deposits under its previously announced custody services agreement with Stablecorp, a Canadian digital asset infrastructure company and servicer of the QCAD Digital Trust and whose investors include Coinbase, Circle, DeFi Technologies and FTP Ventures. QCAD is Canada's first regulatory compliant Canadian-dollar stablecoin.

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.