VersaBank announced on July 28, 2026, that it will hold a special shareholder meeting on September 16, 2026, to vote on a proposed corporate reorganization. The transaction involves creating Versa Bancorp, a new Delaware holding company, which will become the direct parent of VersaBank and VersaBank USA National Association. Upon approval, Versa Bancorp will succeed VersaBank as the publicly traded entity, aiming to improve capital access, reduce costs, and enable eligibility for U.S. stock indices. The reorganization is contingent on shareholder approval and regulatory clearances from the Canadian Minister of Finance and the U.S. Federal Reserve Board. VersaBank operates as a digital, business-to-business bank and cybersecurity provider.
