VERSABANK DONATES $60,000 TO THE SALVATION ARMY'S HARVEST HOPE CAMPAIGN
VersaBank (TSX: VBNK, Nasdaq: VBNK) donated $60,000 to The Salvation Army's Harvest Hope Campaign, presenting the cheque at its Summer Celebration event in London, Ontario, on June 27, 2026, before about 700 attendees.
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VersaBank (TSX: VBNK, Nasdaq: VBNK) donated $60,000 to The Salvation Army's Harvest Hope Campaign, presenting the cheque at its Summer Celebration event in London, Ontario, on June 27, 2026, before about 700 attendees.
The Harvest Hope food security initiative funds community meals, groceries, hampers, gardens and shelters nationwide, now in its third year. VersaBank highlights its longstanding collaboration with The Salvation Army and encourages other businesses to support community-focused organizations.
Details
News Market Reaction – VBNK
On Jun 29, the day this news came out, VBNK closed 6.12% above the previous close.
Data tracked by StockTitan Argus for the Jun 29 session.
Key Figures
- Charitable donation
- $60,000
- Donation to The Salvation Army's Harvest Hope Campaign
- Event attendees
- approximately 700 people
- Audience at VersaBank's Summer Celebration cheque presentation
- Campaign duration
- third year
- The Salvation Army's Harvest Hope food security campaign
- Event attendance history
- more than 600 people
- Typical attendance at VersaBank's Summer Celebration in past years
Historical Context
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Founder honored and speaking at Westminster Abbey leadership book launch.
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Quarterly cash dividend declared and designated as eligible for tax purposes.
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Q2 results showed strong revenue, net interest income and core net income growth.
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Form S-4 filed for proposed reorganization into standard U.S. bank framework.
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Founder named Executive of the Year by the Canadian Lenders Association.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
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"This economy is proving difficult for many people and I've always felt that it's important to help people out in a time of need," said David Taylor, Founder and President, VersaBank. "We have worked closely with The Salvation Army, which plays a very important role in the community. We know they are seeing a significant need for community meals and food provisions for families and children. We wanted to help out. The Salvation Army really can make a difference in people's lives."
The Salvation Army's Harvest Hope campaign is a philanthropic food security initiative aimed at raising much-needed funds for food programming across the country. It is currently in its third year.
"VersaBank's gift will provide food support to individuals and families, from groceries and food hampers to community vegetable gardens and shelters," said Captain Gina Haggett, Divisional Director for Public Relations, Ontario Division, The Salvation Army. "Your gift will be a great comfort to people who are trying to make ends meet and will help them put food on the table. Your gift provides Joy, dignity and hope for many individuals who may have felt alone in their struggles."
The cheque presentation was made at VersaBank's Summer Celebration, a fun event that attracts more than 600 people for the past several years. The event is open to VersaBank staff, partners, service providers, charities and investors.
"We encourage other businesses to give back to their communities and support organizations, such as The Salvation Army, who are performing important services. That corporate support provides critical funding for these organizations and can also create opportunities for employees to have an impact at local and national levels," added Taylor.
ABOUT THE SALVATION ARMY
The Salvation Army is an international Christian organization that began its work in
ABOUT VERSABANK
VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., 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 activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multi-trillion-dollar US market. VersaBank also owns Minnesota-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 DRT Cyber Inc., 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 and proprietary Real Bank Tokenized Deposits™.
VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.
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SOURCE VersaBank
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