VersaBank (VBNK) has notable insider buying

VersaBank (T:VBNK)

Robert Shawn Clarke, CFO, acquired 2,000 Common Shares on an indirect ownership basis for registered holder NBF - RRSP at a price of $10.618 through the public market on January 24th, 2023. This represents a $21,236 investment into the company's shares and an account share holdings change of 18.2%.

Jonathan Francis Patrick Taylor, a Senior Officer, acquired 2,000 Common Shares on an indirect ownership basis for registered holder QTrade - TFSA at prices ranging from $10.500 and $10.510 through the public market on January 26th, 2023. This represents a $21,010 investment into the company's shares and an account share holdings change of greater than 100%.

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services to markets in Canada and the United States, as well as cybersecurity services through the operations of its wholly owned subsidiary DRT Cyber Inc. It operates through two segments: Digital Banking and DRTC (cybersecurity services). Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. DRTC (cybersecurity services and banking and financial technology development) segment offers develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. It also offers tax-free savings accounts, guaranteed investment certificates, and mortgage tax accounts.