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VersaBank T.VBNK

Alternate Symbol(s):  VBNK | T.VBNK.PR.A

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.


TSX:VBNK - Post by User

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Post by Rational43on Feb 17, 2021 5:17pm
196 Views
Post# 32588171

Used to be such a boring company

Used to be such a boring company

I've been in and out of this name before, and got my parents in after March 20 as a cheap stock with a neat technology upside to growth.  
It was dissapointing over the summer, and my focus turned to base metals.  
WOW. 
Bought some yesterday and today.

This stock is very well positioned to get in on the crypto mania in the short run, and actually make a valuable service that is profitable in the long run, and is currently reasonably valued on earnings.  

All the mania upside, plus a sustainable real technology advantage at a reasonable valuation...sign me up for more.  

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