VersaBank

VersaBank has sent notices for an extraordinary general meeting on Sept. 16, 2026, in London, Ontario, at which shareholders will vote on a reorganization to create Versa Bancorp as a direct or indirect holding company. After the reorganization, Versa Bancorp would replace the currently listed VersaBank and shareholders would receive shares in the new parent company. The SEC declared the related registration statement effective on Aug. 4, 2026; the board unanimously recommends approval, and shareholders of record as of Aug. 10, 2026, are eligible to vote. » Más en de.investing.com

VersaBank has invited shareholders to an extraordinary meeting on September 16, 2026, in London, Ontario, to vote on reorganizing into a US banking structure. The plan calls for the newly formed Versa Bancorp, incorporated under Delaware law, to become the holding company of VersaBank and VersaBank USA and subsequently replace the current publicly listed structure. Completion is subject to shareholder approval and regulatory clearances, including from Canadian and US authorities, as well as the expected SEC registration statement on Form S-4. » Más en de.investing.com

VersaBank reported Q2 2026 EPS of CAD 0.39 (forecast CAD 0.28) and revenue of CAD 38.3 million, both well above expectations. Total assets rose to CAD 6.4 billion (+28%) and loan volume to CAD 5.7 billion (+25%); adjusted net income increased 35% year-over-year. After the results the stock gained 8.61%; management plans further U.S. growth and expansion of the Real-Time Structured Receivables Program but sees regulatory and cost-related risks. The bank provides EPS guidance of CAD 0.32 for Q3 and CAD 0.35 for Q4 2026. » Más en de.investing.com