VersaBank (VB) has notable insider buying

VersaBank (:VB)

David A. Bratton, a Director, acquired 1,000 Common Shares on an indirect ownership basis for registered holder RBC Dominion Securities - Non-Reg Account at prices ranging from $15.580 and $15.660 through the public market on January 6th, 2022. This represents a $15,615 investment into the company's shares and an account share holdings change of greater than 100%.

Saad Inam, a Senior Officer, acquired 1,000 Common Shares on an indirect ownership basis for registered holder Spousal - BMO RRSP at prices ranging from $15.440 and $15.460 through the public market on January 5th, 2022. This represents a $15,448 investment into the company's shares and an account share holdings change of 58.0%.

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.