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VersaBank's 2026 Annual Shareholders Meeting Outcomes

On April 8, 2026, VersaBank held its Annual and Special Meeting of Shareholders in London, Ontario, to announce significant outcomes regarding board member elections and other key decisions. The event resulted in a favorable response from shareholders, illustrating their confidence in the bank's leadership and strategic plans.

Board Member Elections

All director nominees put forth in VersaBank's Management Information Circular dated March 9, 2026, were successfully elected to their respective positions. The voting results demonstrated overwhelming support for each nominee:

• - Frank Newbould: 98.55% in favor
• - Robbert-Jan Brabander: 99.55% in favor
• - David A. Bratton: 98.83% in favor
• - Gabrielle Bochynek: 99.00% in favor
• - Peter M. Irwin: 98.83% in favor
• - Richard Jankura: 99.81% in favor
• - Arthur Linton: 98.83% in favor
• - Susan T. McGovern: 98.07% in favor
• - Scott Verity: 99.70% in favor
• - David R. Taylor: 99.59% in favor

These results reflect a strong endorsement from shareholders regarding the bank's governance and oversight.

Appointment of Auditors and By-law Amendment

Beyond leadership election results, the shareholders also approved the appointment of Ernst & Young LLP as the bank's auditors. This decision signifies a commitment to maintaining high standards in financial reporting and accountability.

Additionally, an important amendment to the bank's administrative by-laws was passed, allowing the roles of President and Chief Executive Officer to be held by different individuals. This change is aimed at enhancing the oversight and management structure of the bank, ensuring that both roles can function effectively and independently.

Strategic Focus of VersaBank

VersaBank operates as a digital business-to-business bank, a unique model that allows it to service underserved segments within the banking industry by leveraging its proprietary technology. The bank focuses on efficiency and mitigating risks while providing innovative banking solutions. Their recent launch of the Structured Receivable Program is an excellent example of how they are catering to the multi-trillion-dollar U.S. market’s needs in the finance sector.

The bank also emphasizes cybersecurity, owning DRT Cyber Inc., which specializes in protection against growing cyber threats that pose risks to financial institutions, corporations, and government entities. This focus on innovation in banking technology and services places VersaBank at a competitive advantage within the financial services landscape.

Future Outlook

With significant shareholders’ backing showcased during the recent meeting, VersaBank appears poised for a robust future. The bank's approach to integrating advanced technology with traditional banking services aims not only to enhance profitability but also to ensure that customers receive top-tier service.

In conclusion, the 2026 meeting results underline the bank's governance, strategic direction, and commitment to a thriving digital banking future. VersaBank continues to evolve in a rapidly changing financial landscape, upholding its mission to serve its customer base better while ensuring operational efficiency. Visit VersaBank's website for more details on its offerings and latest news updates.