VersaBank (VBNK) : 4-year performance

VersaBank is a Canadian chartered bank headquartered in London, Ontario. Formerly known as the Pacific & Western Bank of Canada, it was founded as a trust company in Saskatoon, Saskatchewan, in 1980 and later moved its head offices to London, Ontario.

• Founded 1980
• Headquarters London, Ontario, Canada
• Website versabank.com
• Employees 13

IPO: September 22, 2021

It priced its initial public offering (IPO) of 5.5 million common shares at US$10.00 per share (approximately CAD$12.80).

 

 

VersaBank has also said it plans to launch a digital currency known as VCAD. It will be represented one-to-one with the Canadian dollar and be the first digital currency to represent a fiat currency, and the first to be issued and backed by deposits of a North American bank.

VersaBank will work with several organizations to launch VCAD, including Stablecorp, Canada crypto manager 3iQ, and Mavennet, a Canadian leader in blockchain development.