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VersaBank rolls out real-time loan funding in U.S.

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Rhea-AI Filing Summary

VersaBank (VBNK) reports that its recently launched Real-Time Structured Receivable Program (SRP) has been implemented for the first time in the United States through its partner ECN Capital. The Real-Time SRP is described as a new funding solution for point-of-sale financing companies that allows individual loans to be financed within hours, rather than warehousing receivables over several days.

VersaBank states that demand from existing and prospective partners has been strong since launch, with partners highlighting economic, efficiency and risk-mitigation benefits compared with conventional securitization. The bank also notes that the real-time structure lets it apply its internal AI platform to evaluate underlying partner loans individually, which it states further strengthens its risk mitigation capabilities.

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Press release date September 1, 2026 Date of announcement of the first U.S. implementation of the Real-Time SRP
Warehouse period range five to 30 or more days Typical period SRP partners would otherwise warehouse multiple receivables before Real-Time SRP
U.S. SRP launch August 2024 Month and year VersaBank states it launched its Structured Receivable Program to the U.S. market
Real-Time Structured Receivable Program financial
"recently launched Real-Time Structured Receivable Program (SRP) has been implemented"
A real-time structured receivable program is a financing setup where a company turns its customer invoices into immediate cash by selling or pledging them through an organized system that updates continuously as new invoices are created. For investors it offers a way to earn short-term returns tied to the timing and credit quality of those receivables — like buying a steady stream of small IOUs — and matters because it directly affects a company’s liquidity, risk profile, and near-term cash flow stability.
point-of-sale financing financial
"funding solution for point-of-sale financing companies, providing the same reliable"
Point-of-sale financing is a payment option offered to buyers at the moment they check out, letting them split a purchase into installments or get short-term credit instead of paying the full amount upfront. For investors, it matters because it can boost sales, raise average order size and customer conversion rates for merchants, while creating fee and interest revenue — but it also introduces credit risk and reliance on consumer spending patterns.
warehouse financing financial
"reducing the overall financing cost and the need for warehouse financing"
Warehouse financing is a short-term loan arrangement where a lender advances money against a company’s stock of goods or recently originated loans so the company can keep operating until those assets are sold or packaged for longer-term funding. Think of it like a temporary storage locker loan that frees up cash now by using inventory or loan pools as collateral. For investors, it matters because changes in warehouse financing can quickly affect a company’s cash flow, leverage and vulnerability to funding disruptions.
forward-looking statements regulatory
"VersaBank's public communications often include written or oral forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"under the United States Private Securities Litigation Reform Act of 1995"

FAQ

What did VersaBank (VBNK) announce in this Form 6-K?
VersaBank announced that its Real-Time Structured Receivable Program (SRP) has been implemented for the first time in the United States by partner ECN Capital, expanding its point-of-sale funding solution beyond Canada where the SRP concept has been deployed for more than 15 years.

What is VersaBank’s Real-Time Structured Receivable Program (SRP)?
The Real-Time SRP is a funding solution for point-of-sale financing companies that provides economically attractive funding while eliminating the need to warehouse multiple receivables for five to 30 or more days, enabling financing of individual loans within hours.

How does the Real-Time SRP affect VersaBank’s risk management?
VersaBank states that the real-time structure strengthens risk mitigation by allowing use of its internal AI platform to evaluate partner loans underlying SRP receivables on an individual basis, rather than only in pooled or warehoused form.

Who is VersaBank’s partner for the first U.S. implementation of the Real-Time SRP?
The first U.S. implementation of VersaBank’s Real-Time SRP was completed with ECN Capital, which describes the program as significantly enhancing its funding solution for point-of-sale financing and supporting faster and more profitable business growth.

When did VersaBank launch the Structured Receivable Program in the U.S. market?
VersaBank states that in August 2024 it launched its Structured Receivable Program funding solution for point-of-sale finance companies to the U.S. market, after having deployed this funding model in Canada for over 15 years.

What forward-looking information does VersaBank provide about the Real-Time SRP?
VersaBank includes forward-looking statements about anticipated economic, efficiency and risk mitigation benefits of the Real-Time SRP, expected demand, and timing and scope of future implementations, and cautions that numerous economic, competitive and regulatory factors could cause actual results to differ materially.

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

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2026

Commission File Number: 001-40805

VersaBank
(Translation of registrant's name into English)

140 Fullarton Street, Suite 2002
London, Ontario N6A 5P2
Canada
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐      Form 40-F ☒

SUBMITTED HEREWITH

Exhibit
No.		   Description
     
99.1   Press Release dated September 1, 2026 titled "VersaBank announces first implementation of real-time structured receivable program in the United States".

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  VersaBank
  (Registrant)
   
Date: September 1, 2026 By: /s/ Lawrence Chamberlain
    Name: Lawrence Chamberlain
    Title: Global Senior Vice President, Investor & Stakeholder Relations

FOR IMMEDIATE RELEASE: September 1, 2026

VERSABANK ANNOUNCES FIRST IMPLEMENTATION OF REAL-TIME STRUCTURED RECEIVABLE PROGRAM

IN THE UNITED STATES

LONDON, ON - VersaBank (or the "Bank") (TSX: VBNK; NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced that its recently launched Real-Time Structured Receivable Program (SRP) has been implemented for the first time in the United States by the Bank's SRP partner ECN Capital.

"As expected, there has been a flood of demand for our breakthrough Real-Time SRP from both existing and prospective partners since launch just a couple of months ago," said David Taylor, Founder and President, VersaBank.  "Feedback from these partners continues to confirm the economic, efficiency and risk mitigation benefits of our real-time capability, as well as the significant opportunity for our Real-Time SRP as a superior alternative to conventional securitization for point-of-sale funding."

"VersaBank's Real-Time SRP significantly enhances what was already a highly attractive and truly unique funding solution for point-of-sale financing businesses like ours," said Chris Johnson, SVP & Head of Capital Markets, ECN Capital.  "The implementation of VersaBank's original SRP last year has not only helped us grow our business faster but has enabled us to do that more profitably.  As always, the VersaBank team was exceptional to work with on this project and the integration of the Bank's technology enhancements into our operations was seamless.  We look forward to continuing to grow our business with VersaBank."

ABOUT VERSABANK'S REAL-TIME STRUCTURED RECEIVABLE PROGRAM

VersaBank's Real-Time Structured Receivable Program (SRP) is a revolutionary innovation in funding for point-of-sale financing companies, providing the same reliable, economically attractive funding solution as the Bank's existing SRP, with the additional benefit of eliminating the need for SRP partners to warehouse multiple receivables over a period of time (typically from five to 30 or more days). This enables the Bank's SRP partners to finance individual loans within just hours, reducing the overall financing cost and the need for warehouse financing. It also further strengthens VersaBank's exceptional risk mitigation capabilities by enabling the Bank to better leverage its own, internal AI platform through evaluation of the partner loans underlying the SRP receivables on an individual basis.

ABOUT ECN CAPITAL

ECN Capital is a leading provider of business services to North American-based institutional investor, insurance company, pension plan, bank and credit union partners (collectively, its "Partners"). ECN Capital originates, manages and advises on credit assets on behalf of its Partners. Our Partners are seeking high quality assets to match with their deposits, term insurance or other liabilities. These services are offered through the Manufactured Housing Finance operating segment.

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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 technology designed to address underserved segments of the banking industry. VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners.  In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been deployed in Canada for over 15 years, to the U.S. market.  VersaBank also owns Minnesota-based DRT Cyber Inc., which provides 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 designed to enable the next generation of digital assets for the banking and financial community, including the Bank's proprietary Real Bank Tokenized DepositsTM.

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

FORWARD-LOOKING STATEMENTS

VersaBank's public communications often include written or oral forward-looking statements. Statements of this type are included in this press release and may also be included in other securities filings or in other communications. All such statements are made pursuant to the "safe harbor" provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. The statements in this press release that relate to future events or future performance are forward-looking statements, including statements regarding the anticipated economic, efficiency and risk mitigation benefits of the Bank's Real-Time Structured Receivable Program, anticipated demand for that program, and the timing and scope of future implementations of that program. 

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, many of which are beyond VersaBank's control. There is a risk that predictions, forecasts, projections and other forward-looking statements will not be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements, as a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such statements. These factors include, but are not limited to: the strength of the Canadian and US economies in general and the local economies within which VersaBank operates; the effects of changes in monetary and fiscal policy, including changes in interest rate policies of the Bank of Canada and the US Federal Reserve; global commodity prices; the effects of competition in the markets in which VersaBank operates; inflation; capital market fluctuations; the timely development and introduction of new products in receptive markets; the impact of changes in laws, including trade laws and tariffs, and regulations applicable to financial services; changes in tax laws; technological changes; unexpected judicial or regulatory proceedings; unexpected changes in consumer spending and savings habits; the impact of wars or conflicts and related effects on global supply chains and markets; the impact of outbreaks of disease or illness affecting local, national or international economies; the possible effects of terrorist activities; natural disasters and disruptions to public infrastructure (including transportation, communications, power or water supply); and VersaBank's ability to anticipate and manage the risks associated with these factors. 

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The foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors as well as other uncertainties and potential events. The forward-looking information contained in this press release is presented to assist VersaBank shareholders and others in understanding VersaBank's financial position and may not be appropriate for any other purposes. Except as required by applicable securities laws, VersaBank does not undertake to update any forward-looking statement contained in this press release or made from time to time by VersaBank or on its behalf.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lawrence Chamberlain

Global Senior Vice President, Investor and Stakeholder Relations

(416) 540-7486

lawrencec@versabank.com

Visit our website at:  www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X (formerly Twitter)

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Source: View Original Filing on SEC EDGAR

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