Robert Shawn Clarke, CFO, acquired 2,000 Common Shares on an indirect ownership basis for registered holder NBF - RRSP at prices ranging from $14.750 and $14.930 through the public market on January 21st, 2022. This represents a $29,631 investment into the company's shares and an account share holdings change of 22.2%.
Michael Richard Dixon, a Senior Officer, acquired 300 Common Shares on an indirect ownership basis for registered holder CIBC - non registered at a price of $14.950 through the public market on January 21st, 2022. The insider also acquired 500 Common Shares on an indirect ownership basis for registered holder CIBC - TFSA at a price of $14.930 through the public market on January 21st, 2022. This represents a $11,950 investment into the company's shares and an account share holdings change of 17.4%.
VersaBank is in the Banks Sub Industry Group under the Financials Sector.
VersaBank is a Canada-based chartered bank, which operates using an electronic branchless model. The Bank's point of sale financing (e-Commerce) division operates its receivable purchase program. The program involves purchasing loan and lease receivables from finance companies that operate throughout Canada in a variety of industries. Its commercial lending business provides financing solutions for commercial real estate, public sector/infrastructure financing, condominium financing and residential mortgages. The Bank re-organized its lending portfolio into the four asset categories: commercial real estate mortgages, commercial real estate loans, point of sale loans and leases, and public sector and other financing. It provides two primary services, including deposits and financing.
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