VersaBank (VBNK)

9.80 -0.11 (-1.11%) At close: 04:00PM EDT

VersaBank

140 Fullarton Street
Suite 2002
London, ON N6A 5P2
Canada
519 645 1919
https://www.versabank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 119

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., MBA, PPL	President, CEO & Director	1.21M	N/A	1953
Mr. John W. Asma B.A. (Hons.), M.B.A.	Chief Financial Officer	428.78k	N/A	N/A
Mr. R. Shawn Clarke M.B.A., M.Eng., P.Eng.	Chief Operating Officer	418.76k	N/A	1971
Mr. Nikola Kristo B.Com., M.B.A., B.Comm, MBA	Chief Credit Officer	415.04k	N/A	N/A
Mr. Michael Richard Dixon B.Com., B.Comm., M.B.A.	Senior Vice President of Point-of-Sale Financing	435.51k	N/A	N/A
Mr. Wooi Koay B.Com., B.Sc.	Chief Information Officer	N/A	N/A	N/A
Mr. Brent Tyler Hodge CIPP, J.D.	Senior VP, General Counsel, Corporate Secretary & Chief Compliance Officer	N/A	N/A	N/A
Mr. Jonathan Francis Patrick Taylor B.B.A., C.H.R.L., CHRL	Chief Human Resources Officer	434.56k	N/A	1960
Mr. Telemaco G. Matrundola B.A., M.A.	Executive Vice President	N/A	N/A	N/A
Ms. Joanne M. Johnston B.Com., C.A., CPA, CIA	Chief Internal Auditor	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers cybersecurity services. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

Corporate Governance

VersaBank’s ISS Governance QualityScore as of May 1, 2024 is 5. The pillar scores are Audit: 10; Board: 4; Shareholder Rights: 2; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.