VersaBank

VersaBank is a Canadian Schedule I chartered bank, headquartered in London, Ontario. It operates as a fully digital, branchless, business-to-business financial institution, leveraging proprietary technology to profitably address underserved segments of the banking market. The bank's core mission is to provide innovative deposit and lending solutions to financial intermediaries.

The bank's primary services encompass deposits and financing, with a focus on commercial lending, real estate and development financing, and an electronic receivable purchase program. VersaBank also extends its offerings to cybersecurity services through its wholly-owned subsidiary, DRT Cyber Inc., and is actively developing next-generation digital assets, such as Real Bank Tokenized Deposits (DDRs), via its Digital Meteor subsidiary.

VersaBank has expanded its operations into the United States, establishing VersaBank USA to introduce its digital, business-to-business banking model and Receivables Purchase Program to the US market, following an acquisition in August 2024. While David R. Taylor serves as the founder, President, and CEO, Susan T. McGovern was appointed Interim Chief Executive Officer in May 2025, with an administrative by-law amendment approved in April 2026 to allow for separate President and CEO roles. The bank continues to innovate, recently announcing an AI-enabled real-time structured receivable program and commercializing its Real Bank Tokenized Deposits™.