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VersaBank

TSX Exchange | Aug 12, 2020, 8:25 PM EDT | Real-time price

VB $ 7.04 RT
CHANGE
0.00 (0.00%)
VOLUME
6,426
Day Low: 7.00
Day High: 7.05

Company Profile for VersaBank

Description & Contact Information
Business Description

VersaBank is a Canadian based bank operating in the financial sector. It operates using an electronic branchless model and sources deposits, consumer loans, commercial loans and leases electronically. It has two primary business activities: the acquisition of deposits and the granting or acquisition of loans. It is a member of Canada Deposit Insurance Corporation (CDIC). VersaBank's portfolio is administered by two divisions, namely commercial banking and structured finance. Its commercial banking division specializes in making commercial loans and mortgages whereas, its structured finance division operates its Bulk Purchase Program which involves purchasing loan and lease receivables from non-bank and fintech financiers.

Address
140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2
Telephone
+1 519 645-1919
Facsimile
+1 519 645-2060
Fiscal Year End
10/2019
Industry Classifications
Sector
Financial Services
CIK
Industry
Banks
SIC
7021
NAICS
Commercial Banking(522110)
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