VERSABANK RECEIVES CANADIAN REGULATORY APPROVAL FOR U.S. BANK ACQUISITON: TRANSACTION TARGETED TO CLOSE AUGUST 30, 2024 [Yahoo! Finance]
VersaBank (VBNK)
Company Research
Source: Yahoo! Finance
LONDON, ON June 25, 2024 /CNW/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced that it has received approval from its Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI), to proceed with VersaBank's acquisition of Minnesota -based Stearns Bank Holdingford N.A. ("Stearns Holdingford") (the "U.S. Bank Acquisition"). OSFI's approval follows approvals by U.S. regulators and is the final approval required to enable VersaBank to complete the U.S. Bank Acquisition. VersaBank is targeting close of the U.S. Bank Acquisition for August 30, 2024 Stearns Holdingford is an independent OCC-chartered national bank with US$79 million in assets located in Holdingford, Minnesota that is wholly owned by Stearns Financial Services, Inc. ("Stearns Financial"). Stearns Financial, a multi-bank holding company owning two additional and separate natio
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VBNK
News
- Canada's VersaBank nabs Buy rating from Roth on U.S. market entry [Seeking Alpha]Seeking Alpha
- VersaBank (NASDAQ: VBNK) is now covered by analysts at Roth Mkm. They set a "buy" rating and a $18.00 price target on the stock.MarketBeat
- VERSABANK RECOGNIZED FOR CONTINUING LEADERSHIP IN BANKING TECHNOLOGYPR Newswire
- VERSABANK ANNOUNCES REDEMPTION OF NON-CUMULATIVE SERIES 1 PREFERRED SHARES (NVCC)PR Newswire
- 3 Top Undervalued Small Caps In Canada With Insider Action [Yahoo! Finance]Yahoo! Finance
VBNK
Earnings
- 9/5/24 - Beat
VBNK
Analyst Actions
- 8/27/24 - Keefe, Bruyette & Woods
VBNK
Sec Filings
- 9/26/24 - Form 6-K
- 9/25/24 - Form 6-K
- 9/5/24 - Form 6-K
- VBNK's page on the SEC website