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Company Profile

Business Description

VersaBank is a Canadian based bank operating in the financial sector. It operates using an electronic branchless model and sources deposits, consumer loans, commercial loans and leases electronically. It has two primary business activities: the acquisition of deposits and the granting or acquisition of loans. It is a member of Canada Deposit Insurance Corporation (CDIC). VersaBank's portfolio is administered by two divisions, namely commercial banking and structured finance. Its commercial banking division specializes in making commercial loans and mortgages whereas, its structured finance division operates its Bulk Purchase Program which involves purchasing loan and lease receivables from non-bank and fintech financiers.

140 Fullarton Street, Suite 2002
London, ON, N6A 5P2, Canada
T +1 519 645-1919
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Oct 31, 2019
Fiscal Year End Oct 31, 2020
Stock Type
Employees 86