Recent Updates — VBNK

VersaBank announced a partnership with Fiserv to provide proprietary digital asset technology, custody services, and reserve management for the Bank of North Dakota's dollar-backed stablecoin, Roughrider Coin. VersaBank serves as the issuer responsible for minting, burning, and managing reserves, marking the first live use case of Fiserv's Digital Asset Platform. The initiative validates VersaBank's capabilities in a regulated banking environment and supports bank-to-bank payments across North Dakota. This strategic collaboration highlights the company's focus on digital asset infrastructure within the financial services sector.

VersaBank shareholders overwhelmingly approved a proposed reorganization at a special meeting held on September 16, 2026. The resolution passed with 99.69% of the votes cast in favor, totaling 21,915,383 shares out of 21,981,591 voted. This corporate restructuring involves creating Versa Bancorp as a new Delaware holding company to directly own VersaBank. The transaction is targeted for completion by the end of October 2026, pending regulatory approvals from the Canadian Minister of Finance and the U.S. Federal Reserve Board. Management stated this move aims to strengthen the bank's foundation in Canada while expanding its Structured Receivable Program in the United States. VersaBank operates as a digital, branchless business-to-business bank providing financing solutions for underserved segments in North America.

VersaBank shareholders approved a reorganization resolution at its Special Meeting on September 16, 2026, with 99.69% voting in favor and 0.30% against. This corporate restructuring action is material as it fundamentally alters the company's legal structure or share class composition. VersaBank operates in the financial services industry, providing banking and lending products.