VersaBank (VB) has notable insider buying

VersaBank (:VB)

Peter Michael Irwin, a Director, acquired 1,500 Common Shares on an indirect ownership basis for registered holder RRSP - CIBC Investors Edge at a price of $15.221 through the public market on January 11th, 2022. This represents a $22,832 investment into the company's shares and an account share holdings change of 16.7%.

Jonathan Francis Patrick Taylor, a Senior Officer, acquired 2,000 Common Shares on an indirect ownership basis for registered holder QTrade at prices ranging from $15.042 and $15.242 through the public market on January 11th, 2022. This represents a $30,209 investment into the company's shares and an account share holdings change of 11.7%.

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.