VersaBank (Nasdaq/TSX: VBNK) is a Canadian Schedule I chartered (federally regulated) bank that is preparing to enter the underserved U.S. market through the launch of its unique Point of Sale Receivables Purchase Program, already proven successful in Canada, where it has driven an 16% compounded annual growth rate in EPS over the past five years.
VersaBank became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.
Why join VersaBank's webinar?
• VersaBank is nearing completion of its acquisition of a US bank (all regulatory approvals received, closing targeted for August 30 of this year), which will enable it to launch its unique and attractive Receivables Purchase Program, which targets an underserved multi-trillion dollar Point-of-Sale Financing market in the United States
• VersaBank is at a point in its loan portfolio growth whereby it is beginning to meaningfully realize its efficiency and ROCE generating capabilities
• As an underfollowed bank-story in the US, VersaBank is trading at a valuation well below its US peers
• The Bank's profitable cybersecurity subsidiary is a "free option" in addition to the Bank's valuation
