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Fed Approves VersaBank Acquisition of Stearns Bank Holdingford

VersaBank received one of two U.S. regulatory approvals it needs to proceed with its proposed acquisition of Stearns Bank Holdingford.

United statesDavid taylorStearns bank holdingfordPurchase programOffice of the comptrollerOffice of the superintendent financial institutionsStearns bankFederal reserveannouncedFinancial institutionsBank holdingfordReceivable purchase programBank presidentSale financing

VERSABANK REPORTS RECORD FOURTH QUARTER AND FISCAL 2023 FINANCIAL RESULTS AS IT CONTINUES TO BENEFIT FROM INCREASING OPERATING LEVERAGE IN ITS UNIQUE DIGITAL BANKING MODEL

– Fourth Quarter and Fiscal 2023 Highlighted by Another Record Loan Portfolio and Record Revenue, Net Interest Income and Net Income While ROCE Improves to.

City ofUnited kingdomUnited statesChintan shahDavid taylorJohn asmaLawrence chamberlainShawn clarkeExchange commissionCyber incPurchase programCybersecurity servicesBank commercial real estateUs receivable purchase programDigital boundary groupFinancial technology development

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR THIRD QUARTER 2023 HIGHLIGHTED BY 75% YEAR-OVER-YEAR GROWTH IN NET INCOME AND 90% YEAR-OVER-YEAR GROWTH IN EPS

– Digital Banking Operations Increasingly Benefitting from Operating Leverage with Continued Strong Growth in Loan Portfolio – All amounts are unaudited and in.

United statesCity ofUnited kingdomDavid taylorLawrence chamberlainStearns bank holdingfordCybersecurity services operations digital boundary groupCybersecurity servicesInternational accounting standardRevenue for the cybersecurity servicesToronto stock exchangePurchase programDigital boundary groupExchange commissionCyber incFinancial technology development

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR FIRST QUARTER 2023 HIGHLIGHTED BY 69% YEAR-OVER-YEAR GROWTH IN NET INCOME TO RECORD $9 4 MILLION

– Digital Banking Operations Realizing Significant Operating Leverage from Strong Loan Portfolio Growth as Transitory Costs for Growth Initiatives.

United statesCity ofUnited kingdomDavid taylorFinancial technology developmentFederal reserve bankCapital incUs receivable purchase programInternational accounting standardDigital boundary groupStearns bank holdingfordCybersecurity servicesRevenue for the cybersecurity servicesCyber incExchange commissionToronto stock exchange

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR FIRST QUARTER 2023 HIGHLIGHTED BY 69% YEAR-OVER-YEAR GROWTH IN NET INCOME TO RECORD $9 4 MILLION

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR FIRST QUARTER 2023 HIGHLIGHTED BY 69% YEAR-OVER-YEAR GROWTH IN NET INCOME TO RECORD $9 4 MILLION
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United statesCity ofUnited kingdomLawrence chamberlainDavid taylorFinancial technology developmentFederal reserve bankCapital incUs receivable purchase programInternational accounting standardDigital boundary groupStearns bank holdingfordCybersecurity servicesRevenue for the cybersecurity servicesCyber incExchange commission