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VERSABANK ANNOUNCES LARGEST US RPP PARTNER TO DATE; SURPASSES US RPP TARGET WITH US$310 MILLION FUNDED IN FISCAL 2025

Newswire.ca - Mon Nov 3, 2025

Attention: Business Editors

LONDON, ON, Nov. 3, 2025 /CNW/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced its wholly owned US subsidiary, VersaBank USA, has entered into an agreement with its largest US RPP partner to date, under which, the partner will utilize the Bank's core Receivable Purchase Program (RPP) in the United States. For commercial reasons, the partner has requested not to be named until a later date.

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