VersaBank (VBNK) has notable insider buying

VersaBank (T:VBNK)

David Roy Taylor, CEO and Director, acquired 5,700 Common Shares on an indirect ownership basis for registered holder Scotia - RRSP at prices ranging from $9.914 and $10.040 through the public market on March 13th, 2023. This represents a $56,775 investment into the company's shares and an account share holdings change of 22.4%.

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.