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.

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Versabank > Brief thoughts about the Annual Meeting

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Post by BetulaKapitalon Apr 17, 2024 11:30am

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Post# 35993821

Brief thoughts about the Annual Meeting

Attended the Annual Meeting via the live stream which just ended. If you did not attend, I recommend the CEO's presentation and Q&A if that will be available later. The continued confidence regarding the US acquisition was reassuring to hear again. Also back up the plan with entrance in the USA via VersaFinance, increased dividend and the huge valuation on DRT Cyber that he received during the Roth Conference in California.

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