VersaBank reports developments as a North American, federally chartered bank built around a branchless, digital business-to-business banking model. Its updates focus on the Structured Receivable Program for point-of-sale finance companies, electronic deposit and funding relationships with financial intermediary partners, and expansion of its digital banking activities in Canada and the United States.
Recurring news also covers cyber security and financial technology through DRT Cyber Inc., digital-asset banking initiatives such as VersaVault and Real Bank Tokenized Deposits, stablecoin custody services, Normal Course Issuer Bid activity, operating results, and shareholder-meeting governance matters.
VersaBank (VBNK) has received the final regulatory approval needed to complete its planned reorganization under a U.S. bank holding-company structure. The Federal Reserve Bank of Minneapolis, acting under delegated Federal Reserve Board authority, approved the plan to make Versa Bancorp, a new Delaware corporation, the Bank's direct holding company.
Completion remains subject to a minimum 15-calendar-day waiting period, and the Bank targets November 13, 2026 for completion. VersaBank expects the reorganization to support growth in its Structured Receivable Program and digital asset/tokenized deposit strategy, while improving stock visibility, liquidity and access to capital markets, including eligibility for certain stock indices.
VersaBank (VBNK) has initiated the U.S. commercial phase of its tokenized deposit program, moving toward launching its own VUSD deposits.
VersaBank USA will issue VUSD, U.S.-dollar bank deposits represented on a blockchain that pay interest and are eligible for FDIC insurance. The bank plans digital asset exchange listings as soon as feasible. VersaBank expects the deposits to provide inexpensive funding and incremental net income, initially through investment in zero risk-weighted U.S. Treasury bills and later by supporting expected growth in its U.S. Structured Receivable Program. It also plans to offer its tokenized deposit technology to other U.S. banks. Advancing to a Canadian commercial phase depends on conducive regulatory and business environments.
VersaBank (VBNK) has received Canadian Finance Minister approval for its planned reorganization into a corporate structure using a U.S. bank framework.
Under the plan, Versa Bancorp, a new Delaware corporation, would become the Bank's direct holding company. The minister's approval is one of two regulatory approvals required to complete the reorganization, which shareholders approved in September. VersaBank targets completion by the end of October 2026, but approval from the U.S. Federal Reserve Board remains pending. Receipt and timing of that approval are uncertain.
VersaBank (VBNK) has partnered with Fiserv to provide digital asset technology and custody services for Bank of North Dakota’s Roughrider Coin.
The partnership operates through wholly owned subsidiary VersaBank USA. Roughrider Coin is now live, with VersaBank serving as issuer and handling minting and burning—creating and removing tokens—as well as custody and reserve asset management. The U.S. dollar-backed stablecoin is designed exclusively for bank-to-bank payments across North Dakota’s community banks and credit unions.
VersaBank (VBNK) has expanded the addressable market for its Structured Receivable Program (SRP) in the U.S. by launching funding for point-of-sale originators of small business loans and leases.
Previously, U.S. SRP fundings focused only on retail consumer loans. The bank estimates that adding small business lending more than doubles its U.S. market opportunity and supports its target to generate at least US$3 billion in additional U.S. SRP fundings next year. VersaBank is also rolling out its Real-Time SRP in this segment, enabling partners to finance individual small business loans within hours rather than warehousing receivables for days.
VersaBank (VBNK) shareholders have approved a proposed reorganization under which Versa Bancorp, a new Delaware corporation, will become the direct holding company of the bank, following a special meeting held on September 16, 2026.
The reorganization resolution required at least 66⅔% support and received 21,915,383 votes in favour, representing 99.69% of the 21,981,591 common shares voted. Completion is targeted by the end of October 2026, subject to regulatory approvals from the Canadian Minister of Finance and the U.S. Federal Reserve Board, with no assurance of timely or eventual approval.
VersaBank (VBNK)/b) announced that its management will participate in the Raymond James US Bank and Banking on Tech Conference in Chicago, taking place from September 8-10, 2026.During the event, VersaBank management will hold one-on-one meetings with investors and other stakeholders. The company highlights its branchless, digital, business-to-business banking model, which uses proprietary technology and electronic deposit-gathering through financial intermediary partners to pursue underserved segments with a focus on risk mitigation and operating efficiency.
VersaBank also notes its Structured Receivable Program for point-of-sale finance companies, launched in the U.S. market in August 2024, and its ownership of DRT Cyber Inc., which provides cybersecurity services and proprietary technology for digital assets, including Real Bank Tokenized DepositsTM.
VersaBank (VBNK) declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending October 31, 2026. The dividend is payable on October 31, 2026 to shareholders of record at the close of business on October 9, 2026 and is designated an eligible dividend for tax purposes.
VersaBank (VBNK) reported Q3 2026 results showing continued strong growth driven by its US Structured Receivable Program (SRP) and expanding digital banking franchise.
Total revenue rose to $38.8 million, up 23% year-over-year and 1% quarter-over-quarter. Net income increased to $10.1 million, up 53% year-over-year and 34% sequentially, while adjusted (core) net income reached $12.3 million, up 27% year-over-year. Total assets grew 26% year-over-year to $6.88 billion, with US SRP assets reaching US$793 million at quarter-end. Return on average common equity improved to 7.14%, while book value per share rose 6% year-over-year to 17.45.
The bank recorded $3.1 million of non-core non-interest expenses tied mainly to its proposed US holding company Reorganization and a software write-off. CET1 and total capital ratios declined year-over-year to 11.47% and 13.32%, respectively, reflecting rapid balance sheet growth. VersaBank targets at least US$3 billion in new US SRP fundings in fiscal 2027 and plans broader AI deployment to enhance operating leverage.
VersaBank (TSX/NASDAQ: VBNK) announced the first U.S. implementation of its recently launched Real-Time Structured Receivable Program (SRP), deployed by SRP partner ECN Capital for point-of-sale financing.
The Real-Time SRP extends VersaBank’s established SRP model by enabling partners to fund individual loans within hours, instead of warehousing receivables for five to 30+ days, which the Bank states can lower overall financing costs and reduce the need for warehouse facilities. According to VersaBank, the real-time capability also allows deeper, loan-level risk evaluation using the Bank’s internal AI platform. VersaBank introduced its SRP to the U.S. market in August 2024 after more than 15 years of use in Canada.