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Insights

Innovative Funding Solutions VersaBank has successfully launched unique funding programs like the Receivable Purchase Program (RPP) in both Canada and the U.S., presenting opportunities for expansion and partnerships with point-of-sale finance companies seeking alternative financing solutions.

Acquisition Growth Strategy Through strategic acquisitions like Mnbankandtrust and Stearns Bank, VersaBank has demonstrated a growth strategy, creating opportunities for cross-selling additional financial services and leveraging the acquired customer base for enhanced market penetration.

Tech-Driven Operational Efficiency Operating as a technology-based digital bank, VersaBank has leveraged cloud-based serverless functions and innovative tech stack comprising Microsoft Azure, .NET, and Java. This technology focus presents sales opportunities for tech integrators and service providers looking to collaborate with forward-thinking financial institutions.

Expansion into the U.S. VersaBank's expansion into the U.S. market with its Receivable Purchase Program (RPP) signifies growth opportunities for establishing a presence in one of the largest point-of-sale financing markets globally. Sales teams can capitalize on the bank's innovative solutions to attract new clients and gain market share.

Expert Leadership in Risk Oversight The appointment of Richard Jankura as the Chair of the Risk Oversight Committee demonstrates VersaBank's commitment to robust risk management practices. This leadership expertise presents sales opportunities for risk assessment and compliance service providers aiming to collaborate with institutions emphasizing governance and security.

Similar companies to VersaBank

VersaBank Tech Stack

VersaBank uses 8 technology products and services including Cloudflare, Postman, RSS, and more. Explore VersaBank's tech stack below.

  • Cloudflare
    Content Management System
  • Postman
    Data Management Platforms
  • RSS
    Miscellaneous
  • Microsoft Azure
    Platform As A Service
  • .NET
    Programming Languages
  • Java
    Programming Languages
  • Linux
    Programming Languages
  • Nginx
    Web Servers

Media & News

VersaBank's Email Address Formats

VersaBank uses at least 1 format(s):
VersaBank Email FormatsExamplePercentage
FirstL@versabank.comJohnD@versabank.com
91%
FirstLast@versabank.comJohnDoe@versabank.com
6%
First@versabank.comJohn@versabank.com
2%
FLast@versabank.comJDoe@versabank.com
1%

Frequently Asked Questions

Where is VersaBank's headquarters located?

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VersaBank's main headquarters is located at 140 Fullarton Street, 20th Floor London, Ontario N6A 5P2 CA. The company has employees across 6 continents, including North AmericaEuropeAsia.

What is VersaBank's phone number?

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You can contact VersaBank's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is VersaBank's stock symbol?

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VersaBank is a publicly traded company; the company's stock symbol is VBNK.

What is VersaBank's official website and social media links?

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VersaBank's official website is versabank.com and has social profiles on LinkedIn.

How much revenue does VersaBank generate?

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As of August 2024, VersaBank's annual revenue reached $35M.

What is VersaBank's NAICS code?

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VersaBank's NAICS code is 52211 - Commercial Banking.

How many employees does VersaBank have currently?

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As of August 2024, VersaBank has approximately 185 employees across 6 continents, including North AmericaEuropeAsia. Key team members include CEO: M. P.Chief Risk Officer - Us: T. B.Chief Operating Officer: S. C.. Explore VersaBank's employee directory with LeadIQ.

What industry does VersaBank belong to?

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VersaBank operates in the Banking industry.

What technology does VersaBank use?

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VersaBank's tech stack includes CloudflarePostmanRSSMicrosoft Azure.NETJavaLinuxNginx.

What is VersaBank's email format?

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VersaBank's email format typically follows the pattern of . Find more VersaBank email formats with LeadIQ.

How much funding has VersaBank raised to date?

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As of August 2024, VersaBank has raised $60M in funding. The last funding round occurred on Dec 08, 2022 for $60M.

When was VersaBank founded?

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VersaBank was founded in 1979.
VersaBank

VersaBank

BankingOntario, Canada51-200 Employees

VersaBank (TSX:VB), a technology based and digital Canadian Schedule I chartered bank, operates using an “electronic branchless model”. It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff. 
Headquartered in London, Ontario, the Bank was granted its Schedule I license under the Bank Act (Canada) on August 1, 2002, prior to which the Bank had operated as a provincially licensed trust company since 1979.

Section iconCompany Overview

Headquarters
140 Fullarton Street, 20th Floor London, Ontario N6A 5P2 CA
Phone number
Stock Symbol
VBNK
NAICS Code
52211 - Commercial Banking
Founded
1979
Employees
51-200

Section iconFunding & Financials

  • $60M

    VersaBank has raised a total of $60M of funding over 1 rounds. Their latest funding round was raised on Dec 08, 2022 in the amount of $60M.

  • $10M$50M

    VersaBank's revenue is in the range of $10M$50M

Section iconFunding & Financials

  • $60M

    VersaBank has raised a total of $60M of funding over 1 rounds. Their latest funding round was raised on Dec 08, 2022 in the amount of $60M.

  • $10M$50M

    VersaBank's revenue is in the range of $10M$50M

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