AllianceBernstein L.P. (VBNK) reports 9.3% beneficial ownership in VersaBank
Rhea-AI Filing Summary
AllianceBernstein L.P. reported beneficial ownership of 2,986,080 shares of VersaBank common stock, representing 9.3% of the class as of 12/31/2025. AllianceBernstein has sole power to vote and dispose of these shares, which are held for investment in client discretionary advisory accounts.
The firm states that the holdings were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of VersaBank. AllianceBernstein is a Delaware limited partnership and a majority-owned subsidiary of Equitable Holdings, Inc., operating under independent management.
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FAQ
What percentage of VersaBank (VBNK) does AllianceBernstein L.P. currently own?
AllianceBernstein L.P. reports beneficial ownership of 9.3% of VersaBank’s common stock. This stake represents 2,986,080 shares held as of December 31, 2025, according to the Schedule 13G/A, crossing the 5% disclosure threshold.
Does AllianceBernstein L.P. seek to influence control of VersaBank (VBNK) with this stake?
AllianceBernstein L.P. certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of VersaBank. The filing states the holdings are tied to investment advisory activities for client accounts.
On whose behalf does AllianceBernstein L.P. hold its VersaBank (VBNK) position?
The 2,986,080 VersaBank shares are held by AllianceBernstein L.P. on behalf of client discretionary investment advisory accounts. The position is described as acquired solely for investment purposes, consistent with its role as an investment adviser.
What is the relationship between AllianceBernstein L.P. and Equitable Holdings, Inc. in this VersaBank (VBNK) filing?
AllianceBernstein L.P. is a majority-owned subsidiary of Equitable Holdings, Inc. (EQH). The filing notes AllianceBernstein operates under independent management and makes independent decisions from EQH, which calculates and reports beneficial ownership separately.