/C O R R E C T I O N -- VersaBank/

VersaBank (TSX: VBNK) donated $50,000 to The Salvation Army's Harvest Hope campaign on Nov 26, 2025 to address food insecurity across Canada and locally in London, Ontario.

Rhea-AI Summary

VersaBank (TSX: VBNK) donated $50,000 to The Salvation Army's Harvest Hope campaign on Nov 26, 2025 to address food insecurity across Canada and locally in London, Ontario.

The release cites Food Banks Canada data showing food bank usage has doubled since March 2019 and is +5.2% year-over-year versus 2024; The Salvation Army reported distributing 7+ million pounds of food and serving 2.6 million shelter meals in Ontario in 2024. VersaBank leadership urged other businesses to support year-end fundraising efforts.

Market Context

This announcement corrects and reiterates VersaBank’s $50,000 donation to The Salvation Army’s Harve...

Analysis

This announcement corrects and reiterates VersaBank’s $50,000 donation to The Salvation Army’s Harvest Hope campaign, highlighting rising food insecurity, with food bank usage up 5.2% year over year and more than 7 million pounds of food distributed in Ontario in 2024. In recent months the bank also delivered record annual revenue of $124.64M and adjusted net income of $36.89M. Investors may watch how ongoing community engagement coexists with growth initiatives and capital return policies such as the CAD $0.025 dividend.

Key Figures

Donation amount: $50,000 Food bank usage change: 2x since March 2019 Food bank usage 2025 vs 2024: 5.2% increase +3 more

Donation amount

$50,000

VersaBank contribution to The Salvation Army Harvest Hope campaign

Food bank usage change

2x since March 2019

Increase in food bank usage reported by Food Banks Canada

Food bank usage 2025 vs 2024

5.2% increase

Year-over-year rise in food bank usage in 2025

Food distributed

7 million pounds

Food distributed by The Salvation Army in Ontario in 2024

Shelter meals served

2.6 million meals

Shelter meals served in Ontario in 2024

Communities served

400+ communities

Number of Canadian communities where The Salvation Army is active

Historical Context

5 past events · Latest: Dec 10

5 events

1. Dec 10

   Dividend declaration

   24h Move

   +2.4%

   Quarterly cash dividend of CAD $0.025 per common share announced.

2. Dec 10

   Earnings results

   24h Move

   +2.4%

   Record 2025 revenue and strong adjusted net income driven by RPP growth.

3. Dec 08

   RPP partnership update

   24h Move

   +0.3%

   Confirmation of US RPP partnership with ECN and US$90M+ total fundings.

4. Dec 03

   Earnings date notice

   24h Move

   +2.9%

   Announcement of timing for Q4 and fiscal 2025 results and conference call.

5. Nov 26

   Charitable donation

   24h Move

   +0.0%

   $50,000 donation to The Salvation Army’s Harvest Hope campaign in Canada.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

In the news release, VersaBank donates $50,0000 to The Salvation Army's Harvest Hope campaign, helping to combat food insecurity across Canada, issued 26-Nov-2025 by VersaBank over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

VersaBank donates $50,000 to The Salvation Army's Harvest Hope campaign, helping to combat food insecurity across Canada

LONDON, ON, Nov. 26, 2025 /PRNewswire/ - VersaBank (TSX: VBNK) (Nasdaq: VBNK) today announced that it has donated $50,000 to The Salvation Army's Harvest Hope campaign to battle food insecurity across Canada, as well as locally in London, Ontario, where VersaBank is headquartered.

"The Salvation Army plays such a crucial role in the community, helping society's most vulnerable, which unfortunately is needed even more in this sluggish economy," says David Taylor, Founder and President of VersaBank. "The range of support they offer is quite wide ranging and impressive and makes a tremendous impact on people's lives."

Food Banks Canada recently released a report that said food bank usage has doubled since March 2019 and is up 5.2% this year compared to 2024. The Salvation Army reports that it distributed more than 7 million pounds of food and 2.6 million shelter meals were served in Ontario alone in 2024.

"Food insecurity has become an urgent crisis across Ontario and Canada, and we thank VersaBank for their support of The Salvation Army's transformational services," says Captain Gina Haggett, Divisional Director for Public Relations, The Salvation Army Ontario Division. "We can not provide hope to our vulnerable neighbours without the generosity of organizations, like VersaBank. In addition to children's nutrition programs, food banks and pantries, and meals for people experiencing homelessness, The Salvation Army continues to be an innovative partner in over 400 communities across Canada."

Taylor recalls a brief period in his youth where he made use of Salvation Army services while passing through Thunder Bay.

"In my youth, I stayed in similar places when I found myself on the streets, particularly in Thunder Bay. Over the years, things have worked out for me and I'm just grateful to be privileged enough to be able to give back to this crucial organization that really makes a difference in people's lives," says VersaBank President Taylor.

"I am also here calling on other business leaders who may have some extra capacity in their budgets to please give back to your own communities and do what you can to help out those who find themselves in need today," adds Taylor.

The final few months of the year are a crucial time for fundraising for the Salvation Army.

About The Salvation Army

The Salvation Army is an international Christian organization that began its work in Canada in 1882 and has grown to become one of the largest direct providers of social services in the country. The Salvation Army gives hope and support to vulnerable people in 400 communities across Canada and in more than 130 countries around the world. Its community and social service activities include: hunger relief for individuals and families through food banks and feeding programs; shelter for people experiencing homelessness and support for those needing housing; rehabilitation for those struggling with substance-use recovery; long-term care and palliative care; Christmas assistance, such as food hampers and toys; after-school programs, camps and school nutrition programs for children and youth; and life-skills classes, such as budgeting, cooking for a family, and anger management. When you give to The Salvation Army, you are investing in the future of marginalized and overlooked people in your community.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the US, 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 funding electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank broadly launched its unique Receivable Purchase Program 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 US market. VersaBank also owns Minneapolis-based DRT Cyber Inc., a North American 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. Through its wholly owned subsidiary, Digital Meteor Inc. ("Digital Meteor"), VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's revolutionary tokenized deposits.

VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and X

Correction: An earlier version of this release had '$50,0000' in the headline instead of '$50,000'

View original content to download multimedia:https://www.prnewswire.com/news-releases/versabank-donates-50-000-to-the-salvation-armys-harvest-hope-campaign-helping-to-combat-food-insecurity-across-canada-302627027.html

SOURCE VersaBank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did VersaBank (VBNK) donate to The Salvation Army Harvest Hope campaign on Nov 26, 2025?

VersaBank donated $50,000 to The Salvation Army's Harvest Hope campaign on Nov 26, 2025.

What is the purpose of VersaBank's $50,000 donation (VBNK)?

The donation is intended to help combat food insecurity across Canada and support local programs in London, Ontario.

What Food Banks Canada trends were cited in the VersaBank (VBNK) announcement?

The release cites Food Banks Canada saying food bank usage has doubled since March 2019 and is up 5.2% versus 2024.

What Salvation Army impact figures were referenced in the VersaBank (VBNK) release?

The Salvation Army reported distributing more than 7 million pounds of food and serving 2.6 million shelter meals in Ontario in 2024.

Will VersaBank's (VBNK) donation prompt further corporate giving this year?

VersaBank's leadership publicly called on other business leaders to consider year-end donations to support local communities.