Bank Completes Additional Funding with ECN Subsidiary, Source One, Bringing Total Fundings to Date to US$90 Million
LONDON, ON, Dec. 8, 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 congratulated its US Receivable Purchase Program (RPP) partner, ECN Capital Corp. (TSX: ECN) ("ECN Capital"), ECN founder and Chief Executive Officer, Steve Hudson and the purchasers of ECN Capital, and the investor group, controlled by Warburg Pincus LLC on the recently announced privatization transaction for ECN Capital. ECN Capital, through its wholly owned subsidiary, Source One Financial Services ("Source One"), is the unnamed largest US RPP partner to date recently added to the Bank's US RPP, as per the Bank's news release of November 3, 2025. VersaBank also announced completion of an additional funding with Source One, bringing total fundings with Source One to date to more than US$90 million.
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