VersaBank Stock Hits 52-Week High on Acquisition of Stearns Bank [Yahoo! Finance]
VersaBank (VBNK)
Company Research
Source: Yahoo! Finance
The surge was driven by the optimism surrounding the news of its acquisition of Stearns Bank Holdingford N.A. ("SBH"). On Aug. 30, 2024, VersaBank completed the acquisition of SBH, a $62 million asset-sized bank, from Stearns Financial Services, Inc. ("Stearns Financial"). This completion of the acquisition marks the official launch of VersaBank's Receivable Purchase Program (RPP) in the United States, a program that has seen notable growth in Canada. The RPP will provide point-of-sale finance companies with a secure and efficient funding solution to serve the large underserved portion of the multi-trillion-dollar U.S. market. David Taylor, president and chief executive officer of VersaBank, stated, "This is a transformational event in VersaBank's growth strategy, enabling us to bring our unique and highly attractive RPP solution, which has been very successful in Canada, to the largest point-of-sale financing market in the world.” VBNK's Acquisition Transaction Details Vers
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News
- 3 TSX Growth Companies With High Insider Ownership Growing Revenues At 10% [Yahoo! Finance]Yahoo! Finance
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024 [Yahoo! Finance]Yahoo! Finance
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024PR Newswire
- ROTH to Host 13th Annual Technology Conference at the Hard Rock Hotel in New York CityGlobeNewswire
VBNK
Earnings
- 9/5/24 - Beat
VBNK
Sec Filings
- 11/14/24 - Form 6-K
- 11/7/24 - Form F-X
- 11/7/24 - Form F-10
- VBNK's page on the SEC website