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]