VersaBank Receives Final Regulatory Approval to Complete Reorganization

(TSX:VBNK) (NASDAQ:VBNK) VersaBank announced that it has received approval from the Federal Reserve Bank of Minneapolis, acting under authority delegated by the Federal Reserve Board, for its previously announced plan to realign its corporate structure to a standard U.S. bank framework. Under this plan, Versa Bancorp, a new Delaware corporation, will become the direct holding company of VersaBank. Approval by the Federal Reserve is the final regulatory approval required for the Bank to complete the Reorganization. Consummation of the Reorganization is subject to a minimum 15-calendar day waiting period required by the Federal Reserve. VersaBank is targeting completion of the Reorganization for November 13, 2026. David Taylor, Founder and President of VersaBank, stated that the Federal Reserve's approval allows the Bank to move quickly toward completion of this initiative, which will enable the Bank to realize its full potential in the United States, Canada, and beyond. The Reorganization is expected to support significant growth opportunities in both the Structured Receivable Program and Digital Asset/Tokenized Deposit strategy. The Bank believes the Reorganization will contribute to enhanced shareholder value through increased visibility and liquidity for its stock, including eligibility for inclusion in certain stock indices, improved access to capital markets, further risk mitigation, and greater cost efficiencies. VersaBank is federally chartered in both Canada and the U.S. and operates a branchless, digital, business-to-business model based on proprietary technology. The Bank obtains substantially all its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, which provides significant operating leverage. In August 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies to the U.S. market, a program that has been highly successful in Canada for over 15 years. VersaBank owns Minnesota-based DRT Cyber Inc., which provides cybersecurity services to financial institutions, multi-national corporations, and government entities. Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's Real Bank Tokenized Deposits TM. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VersaBank Receives Canadian Finance Minister Approval for Reorganization

(TSX:VBNK) (NASDAQ:VBNK) VersaBank announced it has received approval from Canada's Finance Minister, François-Philippe Champagne, for its previously announced plan to realign its corporate structure to a standard U.S. bank framework reorganization. Under this reorganization, Versa Bancorp, a new Delaware corporation, will become the direct holding company of VersaBank. Approval by Minister Champagne is one of two regulatory approvals required for the Bank to complete the reorganization, following approval by the Bank's shareholders in September. The reorganization remains subject to approval by the Federal Reserve Board in the United States. VersaBank is targeting completion of the reorganization by the end of October 2026. David Taylor, Founder and President of VersaBank, expressed gratitude to Minister Champagne for his approval, stating that it will support VersaBank's continued leadership in Canadian banking innovation and economic contribution. VersaBank is federally chartered in both Canada and the U.S. and operates a branchless, digital, business-to-business model based on proprietary technology. The bank obtains substantially all deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, which provides significant operating leverage and drives efficiency and return on common equity. In August 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in the U.S. market, a program that has been highly successful in Canada for over 15 years. VersaBank owns Minnesota-based DRT Cyber Inc., which provides cybersecurity services to financial institutions, multi-national corporations, and government entities. Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable next-generation digital assets for the banking and financial community, including the Bank's Real Bank Tokenized Deposits TM. VersaBank's common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VersaBank Announces First Implementation of Real-Time Structured Receivable Program in the United States

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced that its recently launched Real-Time Structured Receivable Program (SRP) has been implemented for the first time in the United States by ECN Capital. VersaBank's Real-Time SRP enables SRP partners to finance individual loans within just hours, reducing overall financing cost and the need for warehouse financing. The Bank's SRP partners can now avoid warehousing multiple receivables over a period of time, typically from five to 30 or more days. VersaBank's Real-Time SRP further strengthens its risk mitigation capabilities by leveraging its internal AI platform to evaluate partner loans underlying SRP receivables on an individual basis. VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in August 2024 in the U.S. market, after deploying it in Canada for over 15 years. ECN Capital implemented VersaBank's original SRP last year, which helped ECN Capital grow its business faster and more profitably. VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners. VersaBank also owns Minnesota-based DRT Cyber Inc., which provides cyber security services and owns proprietary intellectual property and technology, including the Bank's proprietary Real Bank Tokenized Deposits TM.

VERSABANK FORM S-4 REGISTRATION STATEMENT FOR PROPOSED REORGANIZATION DECLARED EFFECTIVE BY SEC

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced that its Form S-4 registration statement for its proposed plan to realign its corporate structure to a standard U.S. bank framework has been declared effective by the U.S. Securities and Exchange Commission. The Reorganization will result in Versa Bancorp, a new Delaware corporation, becoming the direct holding company of VersaBank and VersaBank USA National Association. VersaBank will hold a special meeting for its shareholders at 1979 Otter Place, London, Ontario on September 16, 2026, at 10:30 a.m. ET to vote on the Reorganization. Shareholders of record at the close of business on August 10, 2026, will be entitled to vote at the Meeting. Completion of the Reorganization remains subject to various regulatory approvals, including approval by the Minister of Finance in Canada and the Federal Reserve Board in the United States. VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in the U.S. market in August 2024. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VERSABANK APPOINTS INVESTOR RELATIONS VETERAN LAWRENCE CHAMBERLAIN AS GLOBAL SVP, INVESTOR AND STAKEHOLDER RELATIONS

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced the appointment of Lawrence Chamberlain as Global Senior Vice President, Investor and Stakeholder Relations, effective immediately. Lawrence Chamberlain has played an integral role in VersaBank's investor relations program for the last six years on a consulting basis. VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in August 2024 to the underserved multi-trillion-dollar U.S. market. VersaBank owns Minnesota-based DRT Cyber Inc., which provides cyber security services to financial institutions, multi-national corporations, and government entities. VersaBank is federally chartered in both Canada and the U.S. and operates a branchless, digital, business-to-business model based on proprietary technology. The company obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VERSABANK WELCOMES BACK FINANCING INDUSTRY VETERAN MOE DANIS TO SUPPORT ANTICIPATED GROWTH OF REAL-TIME SRP

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced it has added point-of-sale financing industry veteran Moe Danis, CFA, to the Bank's Structured Receivable Program (SRP) team to support business development in response to increased demand following the Bank's launch of its Real-Time SRP, with a particular focus on specialized large-partner opportunities in the U.S. market. Moe Danis was previously with the Bank from 2010 to 2016 and has nearly five decades of experience as a leader and innovator in the banking and lease and finance industries. VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies in August 2024 to the underserved multi-trillion-dollar U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cyber security services. The Bank's Real-Time SRP is described as a revolutionary funding solution for point-of-sale financing companies, and the Bank is seeing a significant increase in interest in this solution. The company projects that its Real-Time SRP and related technology will contribute to the growth of the SRP portfolio. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VERSABANK ADDS NEW ECN CAPITAL SUBSIDIARY TO US STRUCTURED RECEIVABLE PROGRAM

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced that its wholly owned US subsidiary, VersaBank USA, has entered into an agreement with a wholly owned subsidiary of ECN Capital (the "ECN Subsidiary") to utilize VersaBank's core Structured Receivable Program ("SRP") in the United States. The ECN Subsidiary is expected to contribute at least US$300 Million in additional US SRP fundings annually, with the initial funding expected in the coming weeks. VersaBank and ECN Capital believe the program could grow well beyond US$500 million per year in the future. VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in August 2024, which has been highly successful in Canada for over 15 years. VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners. The company also owns Minnesota-based DRT Cyber Inc., which provides cyber security services. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VERSABANK FOUNDER AND PRESIDENT, DAVID TAYLOR, HONOURED AND GUEST SPEAKER IN THE GROUNDS OF WESTMINSTER ABBEY, LONDON, UK

(TSX: VBNK) VersaBank announced that Founder and President, David Taylor, was selected to appear in the new publication Monarchy and Democracy: A History of Leadership, an official History of Parliament project. The launch event took place in the grounds of Westminster Abbey in London, UK, where Mr. Taylor's career accomplishments were recognized. VersaBank is described as a North American leader in cloud-based, business-to-business digital banking, federally chartered in both Canada and the U.S. In August 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies to the U.S. market, which has been highly successful in Canada for over 15 years. VersaBank owns Minnesota-based DRT Cyber Inc., a North American leader in cyber security services. The Bank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK. The company highlights its proprietary Real Bank Tokenized Deposits TM and its significant operating leverage that drives efficiency and return on common equity.

VERSABANK DECLARES DIVIDENDS

(TSX: VBNK) VersaBank announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank have been declared for the quarter ending July 31, 2026. The dividend is payable as of July 31, 2026, to shareholders of record at the close of business on July 10, 2026. The dividends to which this notice relates are eligible dividends for tax purposes. VersaBank is federally chartered in both Canada and the U.S. and operates a branchless, digital, business-to-business model. In August 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in the U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., which provides cyber security services. VersaBank's common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

VERSABANK ANNOUNCES PUBLIC FILING OF FORM S-4 REGISTRATION STATEMENT WITH THE SEC

(TSX: VBNK) (NASDAQ: VBNK) VersaBank announced it has publicly filed a Form S-4 registration statement (File No. 333-296444) with the U.S. Securities and Exchange Commission in connection with its proposed plan to realign its corporate structure to a standard U.S. bank framework. The Reorganization will cause Versa Bancorp, a new Delaware corporation, to become the holding company of VersaBank and VersaBank USA National Association. The Registration Statement has not been declared effective and is subject to change. Upon effectiveness, VersaBank intends to convene a special meeting of shareholders to seek approval of the Reorganization. Completion of the Reorganization remains subject to various regulatory approvals, including the Office of the Superintendent of Financial Institutions and Ministry of Finance in Canada and the Federal Reserve Board in the United States. VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies in August 2024 to the U.S. market. The company projects that the Reorganization is intended to enhance shareholder value over the long term by increasing investor familiarity and enabling VersaBank to compete effectively in raising capital necessary to implement its strategic plans.

VERSABANK ANNOUNCES FOUNDER AND PRESIDENT, DAVID TAYLOR, NAMED EXECUTIVE OF THE YEAR BY THE CANADIAN LENDERS ASSOCIATION

VersaBank (TSX: VBNK) (NASDAQ: VBNK) announced that David Taylor, Founder and President of VersaBank, has been named Executive of the Year by the Canadian Lenders Association at the Canadian Finance Summit held on May 28, 2026. VersaBank is described as a North American leader in business-to-business digital banking, digital asset technology and technology solutions for cybersecurity. In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies to the underserved multi-trillion-dollar U.S. market. VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners. VersaBank also owns Minnesota-based DRT Cyber Inc., which provides cyber security services to financial institutions, multi-national corporations and government entities. VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK. The company notes that its real-time point-of-sale financing initiative is further strengthening its platform, expanding its reach, and enhancing the value delivered to partners on both sides of the border.

VERSABANK HAS BEGUN RECEIVING QCAD DEPOSITS UNDER STABLECOIN CUSTODY SERVICES AGREEMENT AND CONGRATULATES STABLECORP ON LISTING OF QCAD ON KRAKEN

VersaBank announced that it has started receiving QCAD deposits, marking a significant step in its digital banking and technology solutions offerings. The company positions itself as a North American leader in business-to-business digital banking and cybersecurity technology. This development may signal progress in the adoption of digital assets and fintech solutions within the bank's operations. Investors may view this as an indication of VersaBank's commitment to innovation and expansion in digital financial services. The announcement is relevant as it highlights the bank's ongoing efforts to integrate new digital products and services.