Core Insights - VersaBank has completed additional funding with its US Receivable Purchase Program partner, Source One, bringing total fundings to over US$90 million [1] - The partnership with ECN Capital and Source One is expected to enhance operational efficiency and revenue generation in the point-of-sale financing market [2] - ECN Capital, through Source One, supports over 3,500 dealerships across 47 states, providing flexible financing solutions [3] Company Overview - VersaBank operates a branchless, digital banking model, focusing on underserved segments of the banking industry, leveraging proprietary technology for efficiency [5] - ECN Capital manages US$8.2 billion in assets, providing business services to banks and institutional investors, focusing on consumer and commercial loans [4] - Source One Financial Services is a subsidiary of ECN Capital, specializing in specialty lending and offering a comprehensive range of financing options [3]

Core Insights - VersaBank is a North American leader in business-to-business digital banking and technology solutions for cybersecurity, participating in the KBW Fintech Payments Conference in New York City from November 11-13, 2025 [1] - The bank operates a branchless, digital model that allows it to profitably serve underserved segments of the banking industry while mitigating risks [2] - VersaBank launched its Receivable Purchase Program funding solution in August 2024, targeting the underserved multi-trillion-dollar US market, building on its success in Canada [2] - The bank owns DRT Cyber Inc., a leader in cybersecurity services, which enhances its capabilities in addressing cyber threats and developing next-generation digital assets [2] Company Overview - VersaBank is federally chartered in both Canada and the US, utilizing a proprietary technology to drive efficiency and return on common equity [2] - The bank's funding model relies heavily on electronic deposits through financial intermediary partners, providing significant operating leverage [2] - VersaBank's common shares are traded on the Toronto Stock Exchange and NASDAQ under the symbol VBNK [3]