VersaBank

VersaBank is a Canadian Schedule I chartered bank that operates as a fully digital financial institution, distinguished by its innovative business-to-business model. Established in 1979 and headquartered in London, Canada, VersaBank leverages proprietary financial technology to effectively serve underserved segments of the banking market, focusing on superior net interest margins while managing risk. The bank employs an electronic, branchless approach to source deposits and provide loans and leases, offering a range of financial products including consumer loans, commercial loans, corporate and real estate financing, credit cards, and mortgages. Its services are delivered through a network of brokers and direct interactions with lending staff, enabling efficient support for small and medium-sized enterprises across various industries, including education and healthcare.