LONDON,
ON, Sept. 5, 2024 /CNW/ - VersaBank (the
"Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash
dividends in the amount of CAD $0.025
per Common Share of the Bank and CAD $0.1693 per Series 1 Preferred Share of the Bank,
have been declared for the quarter ending October 31, 2024, payable as of October 31, 2024, to shareholders of record at
the close of business on October 4,
2024.
The dividends to which this notice relates are
eligible dividends for tax purposes.
About VersaBank
VersaBank is a North American bank (federally
chartered in Canada and the U.S.)
with a difference. 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 lending
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 Receivable Purchase Program (RPP) funding solution for
point-of-sale finance companies, which has been highly successful
in Canada for nearly 15 years, to
the underserved multi-trillion-dollar U.S. market. VersaBank also
owns Washington, DC-based DRT
Cyber Inc., a North America 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.
VersaBank's Common Shares trade on the Toronto
Stock Exchange ("TSX") and Nasdaq under the symbol VBNK. Its Series
1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A.
Visit our website at: www.versabank.com
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and X (formerly Twitter)
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SOURCE VersaBank