LONDON, ON, Oct. 26, 2021
/PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VB)
(NASDAQ: VBNK) today announced the cancellation and return to
treasury of 7,477 unexchanged common shares (0.0272% of outstanding
common shares). The cancelled shares represent predecessor
share classes which have not been deposited and exchanged for
VersaBank common shares in connection with the Bank's amalgamation
with PWC Capital Inc. on January 31,
2017. The cancellation of shares was effective on
October 7, 2021.
VersaBank's outstanding share capital is now set at 27,441,082
common shares and 1,461,460 series 1 preferred shares.
ABOUT VERSABANK
VersaBank is a Canadian Schedule I chartered bank with a
difference. VersaBank became the world's first fully digital
financial institution when it adopted its highly efficient
business-to-business model using its proprietary state-of-the-art
financial technology to profitably address underserved segments of
the Canadian banking market in the pursuit of superior net interest
margins while mitigating risk. VersaBank obtains all of its
deposits and provides the majority of its loans and leases
electronically, with innovative deposit and lending solutions for
financial intermediaries that allow them to excel in their core
businesses. In addition, leveraging its internally developed IT
security software and capabilities, VersaBank established wholly
owned, Washington, DC-based
subsidiary, DRT Cyber Inc. to pursue significant large-market
opportunities in cyber security and develop innovative solutions to
address the rapidly growing volume of cyber threats challenging
financial institutions, multi-national corporations and government
entities on a daily basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange
under the symbol VB and Nasdaq under the symbol VBNK. Its
Series 1 Preferred Shares trade on the Toronto Stock Exchange under
the symbol VB.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank