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VERSABANK ANNOUNCES THE RESULTS OF ITS 2025 MEETING OF SHAREHOLDERS

1. VersaBank holds its 2025 Annual Meeting of Shareholders in London, Ontario. 2. All nominated directors were elected with high approval percentages. 3. Ernst & Young LLP appointed as auditors for the Bank. 4. VersaBank aims to address underserved banking segments in the U.S. 5. Recent successes include the Receivable Purchase Program for financing.

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Why Bullish?

The successful election of directors with high approval bolsters investor confidence. Historical trends show director elections positively correlate with stock performance.

How important is it?

The article highlights governance stability and digital transformation strategies, which are crucial for maintaining investor trust and driving stock performance.

Why Long Term?

With continued focus on underserved markets, long-term growth appears promising. Significant investments in digital assets and cybersecurity can drive future revenues.

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TSX: VBNKNASDAQ: VBNK
LONDON, ON, April 25, 2025 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2025 Annual Meeting of Shareholders (the "Meeting") held in London, Ontario on April 24, 2025. Each of the director nominees listed in VersaBank's Management Information Circular dated February 28, 2025, were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places: Director Number of Votes Cast Percentage of Votes Cast The Honourable Frank Newbould In Favour:Withheld: 10,013,335 104,228 98.97 % 1.03 % Robbert-Jan Brabander In Favour:Withheld: 9,933,208 184,352 98.18 % 1.82 % David A. Bratton In Favour:Withheld: 9,826,370 291,190 97.12 % 2.88 % Gabrielle Bochynek In Favour:Withheld: 9,954,965 162,595 98.39 % 1.61 % Peter M. Irwin In Favour:Withheld: 9,866,106 251,454 97.51 % 2.49 % Richard Jankura In Favour:Withheld: 9,959,038 158,522 98.43 % 1.57 % Arthur Linton In Favour:Withheld: 9,930,273 187,287 98.15 % 1.85 % Susan T. McGovern In Favour:Withheld: 9,470,605 646,955 93.61 % 6.39 % Paul G. Oliver In Favour:Withheld: 9,953,995 163,568 98.38 % 1.62 % David R. Taylor In Favour:Withheld: 10,024,905 92,658 99.08 % 0.92 % At the Meeting, the Shareholders also approved the appointment of Ernst & Young LLP as auditors of the Bank. VersaBank's Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedarplus.ca and EDGAR at www.sec.gov/edgar. ABOUT VERSABANK VersaBank is a North American bank with a difference.  Federally chartered in both Canada and the US, VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.  In August 2024, VersaBank launched its unique Receivable Purchase Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for nearly 15 years, to the underserved multi-trillion-dollar US market.  VersaBank also owns Washington, DC-based DRT Cyber Inc., a North America leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities.  Through its wholly owned subsidiary, Digital Meteor Inc. ("Digital Meteor"), VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's revolutionary Digital Deposit Receipts ("DDRs"). VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK. Visit our website at: www.versabank.com Follow VersaBank on Facebook, Instagram, LinkedIn and X. SOURCE VersaBank WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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