VersaBank(VBNK) - 2024 Q2 - Earnings Call Transcript

Good morning, David. Operator David Taylor Well, I hate to use the word kind of great with respect to insolvencies because obviously that means a lot of core folks are 60% increase in small business insolvencies and 20% odd increase in consumers not good for this -- for the economy, but it's very good for our deposit growth. That's -- I was saying earlier it's a leading indicator. The more accounts we open, the more insolvency there are the greater that portfolios of deposits growth, it's going to record le ...