Versabank
VersaBank operates as Canada's first fully digital financial institution, offering a variety of financial services and listed on both the Toronto Stock Exchange and NASDAQ.
Overview of Versabank
Versabank operates as Canada's first fully digital financial institution. The bank offers a comprehensive range of financial services including deposits, commercial banking, and point of sale financing. Utilizing proprietary financial technology, Versabank focuses on serving underserved segments of the Canadian banking market. The head office is situated in London, Ontario, with a corporate office in Saskatoon, Saskatchewan.
Versabank Financial Services
Versabank provides a wide array of financial services such as deposits, commercial banking, and point of sale financing. The bank offers innovative deposit and lending solutions specifically designed for financial intermediaries. Additionally, Versabank provides a selection of GICs, RRSPs, and TFSAs, all of which are eligible for CDIC insurance. The bank is also a member of the Canada Deposit Insurance Corporation (CDIC), ensuring customer deposits are protected.
Subsidiaries and Expansions
Versabank has expanded its operations through the establishment of DRT Cyber Inc., a wholly owned subsidiary based in Washington, DC. DRT Cyber Inc. focuses on developing solutions for cyber security, reflecting Versabank’s commitment to innovative and secure banking solutions. This expansion signifies the bank's dedication to integrating technology and security within the financial sector.
Versabank Stock Market Listings
Versabank is listed on both the Toronto Stock Exchange and NASDAQ under the symbol VBNK. This dual listing offers increased visibility and accessibility to a broader range of investors. The stock market presence underscores Versabank’s commitment to transparency and growth within the financial industry.
Versabank Deposit and Lending Solutions
Versabank specializes in providing deposit and lending solutions tailored for financial intermediaries. Leveraging proprietary financial technology, the bank targets underserved segments of the Canadian banking market. These solutions include services like commercial real estate financing and public sector financing, aimed at facilitating various financial needs across Canada.