VersaBank T.VBNK

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

Financial Services

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.

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VersaBank > VersaBank Initiated as Buy $18TP by Stifel

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Comment by microcaphobbyon Feb 19, 2021 10:31am

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Post# 32608882

RE:VersaBank Initiated as Buy $18TP by Stifel

Thanks for the info. Stifel is a decent sized brokerage/invrestment house that trades on the NYSE. This could provide VB some US exposure. If the yankees like VB then $18 will look cheap.

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