VersaBank (VBNK) has notable insider buying

VersaBank (T:VBNK)

Peter Michael Irwin, a Director, acquired 3,500 Common Shares on an indirect ownership basis for registered holder RRSP - CIBC Investors Edge at prices ranging from $10.450 and $10.532 through the public market on June 20th, 2023. This represents a $36,853 investment into the company's shares and an account share holdings change of 21.2%.

Paul G. Oliver, a Director, acquired 1,937 Common Shares on an indirect ownership basis for registered holder Raymond James - non reg at prices ranging from $10.270 and $10.500 through the public market between June 19th, 2023 and June 20th, 2023. This represents a $20,060 investment into the company's shares and an account share holdings change of 31.6%.

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.