• VersaBank received final regulatory clearance from the Federal Reserve Bank of Minneapolis for its corporate reorganization.
• Under the new structure, Delaware-based Versa Bancorp will become the bank's direct holding company, aligning it with a standard U.S. banking framework.
• Completion is targeted for November 13, 2026, subject to a minimum 15-calendar-day waiting period required by the Federal Reserve.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VersaBank published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-005558), on October 27, 2026, and is solely responsible for the information contained therein.