LONDON, ON, Dec. 19, 2025 /PRNewswire/ - VersaBank (or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, today announced the following appointment and executive promotion, effective January 5, 2026, in support of the Bank's previously announced proposed restructuring to the standard framework of a US Bank (previously referred to as the corporate realignment). Nicolas Ospina has been appointed to the newly created role of Global Chief Financial Officer ...

JPMorgan Chase & Co.'s asset management arm is launching its first ever tokenized money market fund built on Ethereum, joining a growing list of Wall Street firms pushing into blockchain-based finance.Processing ContentThe New-York based bank on Monday debuted the My OnChain Net Yield Fund, or MONY, a private fund supported by JPMorgan's tokenization platform, Kinexys Digital Assets, according to a press release. MONY, open to qualified investors, allows them to earn yield while holding the token on the blo ...

Core Viewpoint - VersaBank is set to report its fourth quarter and fiscal year-end financial results for 2025 on December 10, 2025, with a conference call scheduled to discuss these results [1] Financial Reporting - The financial results will be released via news release at approximately 7:00 a.m. ET on the same day [1] - A conference call/webcast will take place at 9:00 a.m. ET, expected to last around 60 minutes, featuring presentations by the President and CFO [1] Participation Details - Participants can join the conference call by registering in advance for an automated call back or by dialing in directly [1] - A live webcast will also be available on the Bank's website, with an archived version accessible for 90 days post-event [1] Company Overview - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital business-to-business model [1] - The bank focuses on underserved segments of the banking industry, leveraging proprietary technology to enhance efficiency and return on common equity [1] - In August 2024, VersaBank launched its Receivable Purchase Program in the US, expanding its successful Canadian operations [1] - The bank owns DRT Cyber Inc., a leader in cybersecurity services, addressing the growing cyber threats faced by financial institutions and corporations [1]

Core Points - VersaBank has donated $50,000 to The Salvation Army's Harvest Hope campaign to combat food insecurity in Canada, particularly in London, Ontario, where the bank is headquartered [1][2] - The donation is part of a broader effort to support vulnerable communities amid a sluggish economy, as highlighted by the increased demand for food bank services [1][2] - Food Banks Canada reported that food bank usage has doubled since March 2019, with a 5.2% increase in usage this year compared to 2024 [1] - The Salvation Army distributed over 7 million pounds of food and served 2.6 million shelter meals in Ontario in 2024 [1] Company Overview - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital business-to-business model [7] - The bank focuses on underserved segments of the banking industry, leveraging proprietary technology to enhance efficiency and return on common equity [7] - VersaBank launched its Receivable Purchase Program in August 2024, targeting the underserved US market for point-of-sale finance companies [7] - The bank also owns DRT Cyber Inc., a leader in cybersecurity services, and Digital Meteor Inc., which focuses on next-generation digital assets [7] Industry Context - Food insecurity is identified as an urgent crisis in Ontario and Canada, necessitating support from organizations like VersaBank [2] - The Salvation Army plays a crucial role in providing various social services, including food banks, shelter, and rehabilitation programs across over 400 communities in Canada [5] - The final months of the year are critical for fundraising efforts for organizations like The Salvation Army, emphasizing the need for corporate support [4]

Group 1: Company Contributions and Community Impact - VersaBank has donated $50,000 to The Salvation Army's Harvest Hope campaign to combat food insecurity in Canada, particularly in London, Ontario, where the bank is headquartered [1] - The Salvation Army reported distributing over 7 million pounds of food and serving 2.6 million shelter meals in Ontario in 2024, highlighting the growing need for support in the community [1] - Captain Gina Haggett from The Salvation Army emphasized the importance of corporate support in providing essential services to vulnerable populations across Canada [2] Group 2: Economic Context and Urgency - Food bank usage in Canada has doubled since March 2019, with a 5.2% increase in usage reported this year compared to 2024, indicating a worsening food insecurity crisis [1] - The final months of the year are critical for fundraising efforts for The Salvation Army, as many organizations seek to support those in need during this time [4] Group 3: Company Background and Operations - VersaBank operates as a branchless, digital bank in North America, focusing on underserved segments of the banking industry through innovative technology [7] - The bank has launched a Receivable Purchase Program funding solution aimed at point-of-sale finance companies, which has been successful in Canada and is now targeting the U.S. market [7]

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]

Core Insights - VersaBank has entered into an agreement with its largest US Receivable Purchase Program (RPP) partner to utilize its core RPP in the United States [1][3] - The initial funding of US$61 million has been completed, bringing total US RPP fundings in fiscal 2025 to US$310 million, exceeding the year-end target of US$290 million [2][3] Financial Performance - Total US RPP fundings in fiscal 2025 comprised US$242 million from the core RPP offering and US$68 million from the Securitized RPP offering [2] - Year-end RPP assets reached US$293 million, with US$227 million from the core RPP and US$66 million from the Securitized RPP [2] Strategic Outlook - The company anticipates expanding its US assets significantly in fiscal 2026, driven by the momentum of both core and Securitized RPP offerings [3] - The partnership is expected to enhance the attractiveness of VersaBank's RPP and foster further relationships with new partners [3] Company Overview - VersaBank operates as a branchless, digital, business-to-business bank, leveraging proprietary technology to serve underserved segments of the banking industry [4] - The bank has launched its Receivable Purchase Program funding solution in the US market, which has been successful in Canada for nearly 15 years [4] - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, and Digital Meteor Inc., which focuses on next-generation digital assets [4]

Industry Development - Custodiabank and Vantage Bank launched a live platform for tokenized deposits, expanding their pilot into a nationwide network for U.S banks [1]

Core Insights - Citi plans to offer crypto custody services in 2026, allowing the bank to hold digital assets like bitcoin and ether for clients, marking a significant move into the digital asset space [1] - The custody solution has been in development for two to three years, with hopes to launch a credible offering for asset managers and other clients in the coming quarters [2] - Citi is pursuing a hybrid approach for custody tools, developing some in-house while exploring partnerships for other solutions, indicating flexibility in their strategy [3] Industry Context - The custody plan aims to provide institutional clients with a regulated method to store crypto, which is seen as essential for traditional investors looking to enter the sector [2] - Citi's custody service would join a growing portfolio of digital asset initiatives, including potential stablecoin issuance and tokenized deposits, reflecting the bank's commitment to innovation in the financial sector [3] - Recent investments, such as Citi Ventures' investment in BVNK, a stablecoin payments startup, highlight the bank's active role in the evolving landscape of digital finance [4]

Core Insights - The Bank of England (BoE) is navigating the transition to digital forms of money, including stablecoins and central bank digital currencies (CBDCs) [1][8] - There is a divide in opinion regarding stablecoins, with some viewing them as a threat that necessitates CBDCs, while others prefer the private sector to lead [2][8] Group 1: Historical Context and Development - The BoE began exploring digital money implications in 2014, prior to the launch of the first stablecoin, USDT [3] - Early research warned that private digital currencies could lead to uncontrolled inflation if issuers printed more money than they held in reserve [4] - By 2020, digital currency became a major research theme for the BoE, leading to the development of the digital pound concept [6] Group 2: Current Discussions and Challenges - A 2022 House of Lords report indicated that a retail CBDC might create more challenges than it solves, although a wholesale digital pound was seen as more compelling [7] - The BoE's CBDC advisory group has raised concerns about stablecoins, suggesting that risks need to be mitigated, including a proposed cap on holdings [8]