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Versabank T.VBNK

Alternate Symbol(s):  VBNK

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.


TSX:VBNK - Post by User

Versabank > AGM docs
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Post by jdoubleuon Apr 02, 2021 6:30pm
469 Views
Post# 32932832

AGM docs

AGM docsSo, I took a pretty quick look at the AGM documents recently sent out. At first I was irritated that the board etc. Have the right to buy shares and get a 50 % refund, but I think that is the only stock compensation they receive. Did I understand that correctly? If it is, that seems much more shareholder friendly than an annual gift of thousands of shares to everyone lucky enough to be appointed to the board. And it explains the regular purchases by insiders. But then I might be completely misunderstanding... Anyone out there have any insight into the subject?
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