VersaBank Receives Canadian Finance Minister Approval for Reorganization

VersaBank received approval from Canada's Finance Minister François-Philippe Champagne for its plan to realign into a standard U.S. bank framework, with Versa Bancorp, a new Delaware corporation, becoming the direct holding company of the Bank. Shareholders approved the reorganization in September; it is targeted for completion by the end of October 2026. The reorganization remains subject to approval by the U.S.

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