AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

VersaBank Declares Dividends

February 26, 2020 GMT
VersaBank Declares Dividends
VersaBank Declares Dividends

LONDON, Ontario--(BUSINESS WIRE)--Feb 26, 2020--

VersaBank (the “Bank”) today announced that a cash dividend in the amount of $0.025 per Common Share of the Bank has been declared for the quarter ending April 30, 2020, payable as of April 30, 2020, to shareholders of record at the close of business on April 3, 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200226005164/en/

The Bank also announced that cash dividends in the amounts of $0.1693 per Series 1 Preferred Share of the Bank and $0.175 per Series 3 Preferred Share of the Bank have been declared for the quarter ending April 30, 2020, payable as of April 30, 2020, to shareholders of record at the close of business on April 3, 2020.

The dividends to which this notice relates are eligible dividends for tax purposes.

About VersaBank

VersaBank adopted an electronic branchless model in 1993, becoming the world’s first branchless financial institution. It holds a Canadian Schedule I chartered bank licence and obtains its deposits, and the majority of its loans and leases, electronically. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200226005164/en/

CONTACT: Wade MacBain, Investor Relations, at 1 (800) 244-1509 or

wadem@versabank.comor visit the Bank’s website atwww.versabank.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES

SOURCE: VersaBank

Copyright Business Wire 2020.

PUB: 02/26/2020 07:00 AM/DISC: 02/26/2020 07:00 AM

http://www.businesswire.com/news/home/20200226005164/en