The common shares are dual-listed on the Nasdaq Global Select Market and the Toronto Stock Exchange

Davis Polk advised VersaBank, a Schedule I Canadian bank, in connection with an SEC-registered offering of 5,660,378 common shares. VersaBank’s common shares are listed on the Nasdaq Global Select Market and the Toronto Stock Exchange under the symbol “VBNK.”

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 lending electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.

The Davis Polk capital markets team included partner Shane Tintle and associates Michael Schuster and Maddie White. Partner Mario J. Verdolini and associate Caroline Peters provided tax advice. Counsel Sarah E. Kim and associate Rosina Curren provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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