VersaBank (VB) has notable insider buying

VersaBank (:VB)

Barbara Ethel May Hale, a Senior Officer, acquired 800 Common Shares on an indirect ownership basis for registered holder IA-Cash at prices ranging from $15.300 and $15.310 through the public market on January 4th, 2022. This represents a $12,246 investment into the company's shares and an account share holdings change of 38.1%.

Joanne Marie Johnston, a Senior Officer, acquired 1,000 Common Shares on an indirect ownership basis for registered holder Olympia Trust (Qtrade) - RRSP at prices ranging from $15.400 and $15.420 through the public market on January 4th, 2022. This represents a $15,416 investment into the company's shares and an account share holdings change of 6.4%.

VersaBank is a Canada-based chartered bank, which operates using an electronic branchless model. The Bank's point of sale financing (e-Commerce) division operates its receivable purchase program. The program involves purchasing loan and lease receivables from finance companies that operate throughout Canada in a variety of industries. Its commercial lending business provides financing solutions for commercial real estate, public sector/infrastructure financing, condominium financing and residential mortgages. The Bank re-organized its lending portfolio into the four asset categories: commercial real estate mortgages, commercial real estate loans, point of sale loans and leases, and public sector and other financing. It provides two primary services, including deposits and financing.