Versa Bancorp (VRSA) has succeeded VersaBank (VBNK) as the publicly traded company following completion of its U.S. holding-company reorganization. Versa Bancorp now owns 100% of VersaBank, with all required regulatory approvals received. Former VersaBank shareholders received one Versa Bancorp share per common share, totaling 32,566,856 shares. The consideration was valued at approximately C$1,119.6 million, based on VersaBank's November 12 closing price of C$34.38 on the TSX.
Versa Bancorp shares are expected to begin trading on the TSX and NASDAQ under VRSA on or about November 17, 2026, replacing VersaBank shares. David Taylor was appointed president, CEO and chairman. The company expects the reorganization to improve investor visibility, stock liquidity and capital-market access. Versa Bancorp expects to report fourth-quarter and fiscal 2026 results on January 7, 2027.