VersaBank’s board has scheduled a special shareholder meeting for September 16, 2026, to vote on a proposed corporate reorganization that would transform Versa Bancorp into the direct holding company of both VersaBank and its U.S. subsidiary, VersaBank USA National Association.
Under the plan, Versa Bancorp would replace VersaBank as the publicly traded entity, with existing shareholders receiving equity in the new parent company. The reorganization was approved by the U.S. Securities and Exchange Commission on August 4, 2026, following the filing of a registration statement. Shareholders of record as of August 10, 2026, will be entitled to vote at the meeting, which is set to begin at 10:30 a.m. ET in London, Ontario.
VersaBank, which operates without physical branches and acquires deposits electronically through intermediary partners, holds federal charters in both Canada and the United States. The bank also owns DRT Cyber Inc., a provider of cybersecurity services. The board of directors has unanimously recommended that shareholders vote in favor of the reorganization, citing strategic alignment with the bank’s long-term growth objectives.
