VersaBank Expands U.S. Leadership Team Pre-Acquisition

Versabank (TSE:VBNK) has released an update.

VersaBank, a pioneer in digital banking and cybersecurity technology solutions, has strategically bolstered its U.S. presence by appointing four seasoned executives to lead VersaBank USA, signaling readiness for its U.S. bank acquisition set for August 30, 2024. The new team, leveraging extensive Canadian experience, will implement the bank’s successful Receivables Purchase Program in the U.S. market, capitalizing on the expertise of Tel Matrundola and Shawn Clarke, who were instrumental in the program’s Canadian growth and a successful 18-month U.S. pilot.

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