VERSABANK ANNOUNCES SIGNING OF REORGANIZATION AGREEMENT AND FILING AND MAILING OF MATERIALS FOR SPECIAL MEETING OF SHAREHOLDERS TO APPROVE PROPOSED REORGANIZATION

VersaBank announced the signing of a reorganization agreement and the mailing of materials for a special shareholder meeting to approve a plan to create a new holding company structure. Under the proposal, Versa Bancorp will become the parent company of VersaBank and VersaBank USA National Association, succeeding the Bank as the publicly traded entity.

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