LONDON, ON, Dec. 9, 2024 /CNW/ – Versa Bancorp (the “Bank”) (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank have been declared for the quarter ending January 31, 2025, payable as of January 31, 2025, to shareholders of record at the close of business on January 10, 2025.

The dividends to which this notice relates are eligible dividends for tax purposes.

About Versa Bancorp

Versa Bancorp is a North American bank (federally chartered in Canada and the U.S.) with a difference. Versa Bancorp 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 Versa Bancorp 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, Versa Bancorp 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. Versa Bancorp 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.

Versa Bancorp’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK.

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SOURCE Versa Bancorp