Versabank T.VBNK

Alternate Symbol(s): VBNK

Financial Services Banks - Global

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

Versabank

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Post by BargainHunter88on Dec 28, 2017 12:16am

78 Views

Post# 27235742

Started a position today

started a small position. Consistent asset and earning growth. trading at discount to book, CEO owns more than 1% of the company, definitely interesting.

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