VERSABANK CALLS SPECIAL SHAREHOLDER MEETING TO APPROVE PROPOSED REORGANIZATION

– Bank Expects SEC to Declare Effective the S-4 Registration Statement for Proposed Reorganization in the Coming Weeks –

LONDON, ON, July 28, 2026 /CNW/ -- VersaBank (or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced it will hold a special meeting for its shareholders ("the Meeting") to consider and vote on its proposed plan to realign its corporate structure to a standard U.S. bank framework (the "Reorganization").  The Meeting will be held in person at 1979 Otter Place, London, Ontario on September 16, 2026, at 10:30 a.m. ET. Shareholders of record of the Bank at the close of business on August 10, 2026, will be entitled to receive notice of and to vote at the Meeting.