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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Comment by Jsboutinon May 27, 2020 4:48pm

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Post# 31080004

RE:RE:RE:VersaBank Reports Continued Strong Financial Results

I couldn't resist today and increased my position by a third just before close. Squeezed in at 6.18 - a discount of over 4$ per share on book value. I'm not looking to sell anytime soon, but I'm still hoping the broader market begins to develop an interest.

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