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 (TSX: VBNK / NASDAQ: VBNK) will hold its 2026 Annual and Special Meeting of Shareholders on Wednesday, April 8, 2026 at 10:30 a.m. ET at the VersaBank Innovation Centre of Excellence, 1979 Otter Place, London, Ontario.
The meeting will be live-streamed on the company's shareholder meetings web page; an archive will be posted there. Shareholders attending via live-stream cannot vote during the meeting and must submit proxy instructions to Odyssey Trust Company by 10:30 a.m. ET on April 6, 2026.
VersaBank (TSX: VBNK, NASDAQ: VBNK) has agreed to sell assets tied to its only U.S. retail branch in Holdingford, Minnesota, to Stearns Bank, with the transaction approved by the OCC and expected to close in Q2 2026.
The sale supports VersaBank's branchless, partner-based, digital banking model, is expected to boost operating leverage via cost savings, and will cause a one-time, non-cash intangible asset write-off of approximately $1.7 million in Q2 fiscal 2026 while having de minimis impact on tangible book value.
VersaBank (TSX: VBNK) has begun adding foreign exchange functionality and other enhancements to its VersaView blockchain interface to commercialize Real Bank Tokenized Deposits™ (RBTD™s). The Bank engaged Block Time to implement FX and depositor rewards for VersaVault-managed wallets as U.S. and Canadian pilots continue.
The upgrades aim to enable 24/7, near-instant currency conversion between U.S. and Canadian-dollar tokenized deposits, with minimal fees; deposit insurance eligibility remains subject to regulatory confirmation.
VersaBank (TSX: VBNK / NASDAQ: VBNK) declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2026.
The dividend is payable on April 30, 2026 to shareholders of record at the close of business on April 10, 2026 and is an eligible dividend for tax purposes.
VersaBank (TSX: VBNK) reported record Q1 2026 results: revenue $36.5M (+31% YoY), net income $11.1M (+36% YoY) and adjusted net income $12.2M (+49% YoY). Total assets rose to $6.15B (+24% YoY), driven by US and Canadian SRP portfolio growth.
The Bank noted US SRP credit assets of US$472.0M, a plan to add US$1B of US SRP fundings in fiscal 2026, ongoing tokenized deposit and stablecoin custody initiatives, and progress on a shareholder reorganization.
VersaBank (TSX: VBNK) reported record Q1 results for the period ended January 31, 2026, with $36.5M revenue (+31% YoY), $11.1M net income (+36% YoY) and $12.2M adjusted net income (+49% YoY). Total assets reached $6.15B (+24% YoY).
U.S. Structured Receivable Program credit assets were US$472.0M and the bank reiterated a goal to grow U.S. SRP fundings by at least US$1.0B in fiscal 2026. CET1 and total capital ratios declined versus prior year.
VersaBank (TSX: VBNK; NASDAQ: VBNK) will report first quarter fiscal 2026 results on Wednesday, March 4, 2026. The news release is scheduled for 7:00 a.m. ET, followed by a conference call/webcast at 9:00 a.m. ET expected to last ~60 minutes.
Presenters include David Taylor, President, and Nicolas Ospina, Global CFO. Registration, webcast links, slide access, and replay details are available on the company's investor relations site; teleconference replay is available until April 4, 2026 (passcode 79538#).
VersaBank (TSX: VBNK, NASDAQ: VBNK) signed a definitive custodial agreement with Stablecorp to custody the QCAD stablecoin using VersaVault® technology.
The deal makes VersaBank custodian for Canada’s first regulatory-compliant Canadian-dollar stablecoin; the bank will earn custody fees and a spread on QCAD deposits, with related net interest income recorded in cash and securities.
VersaBank (TSX: VBNK, NASDAQ: VBNK) announced that David Taylor, Founder and President, will present live at the Digital Asset Virtual Investor Conference on January 27, 2026 at 10:30 AM ET. A live webcast will be available via the company website.
Mr. Taylor will discuss VersaBank's Real Bank Deposit Tokens (RBDT) and Stablecoin Custody Services, both built on the bank's SOC2 (Type I) certified VersaVault® digital asset security technology, and will note the bank's expectation that RBDTs may be eligible for federal deposit insurance (subject to regulator confirmation) and can legally pay interest unlike non-bank stablecoins.
VersaBank (TSX: VBNK, NASDAQ: VBNK) announced two senior leadership changes effective January 5, 2026 to support a proposed corporate realignment to a US bank framework. Nicolas Ospina is appointed Global Chief Financial Officer to oversee corporate-level finance. John Asma is promoted to Executive Vice President to run Canadian digital banking operations; he previously served as VersaBank CFO since December 2023. Ospina joins from Raymond James, bringing over a decade of financial services experience and having completed more than 50 transactions in the U.S. banking sector.