VERSABANK THIRD QUARTER RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS US RPP PORTFOLIO RAMPS UP
1. Expansion of RPP Program aims to boost asset and earnings growth. 2. Two new partners added in Canada, enhancing partners for securitization. 3. VersaBank USA launches tokenized deposit pilot program. 4. Net income declined but adjusted income showed sequential growth. 5. Proposed realignment of corporate structure to improve shareholder value.