What Does VersaBank Do?

Total employees100
HeadquartersLondon
Founded1993

VersaBank is a Canadian Schedule I chartered bank and is notable for being one of the world's first fully digital financial institutions, operating without physical branches. It leverages technology to provide innovative banking solutions and cybersecurity services. VersaBank operates two primary segments: Digital Banking, which includes deposit-taking through a network of brokers and commercial lending, and DRT Cyber Inc., its cybersecurity services and banking technology subsidiary that provides advanced cybersecurity solutions to businesses, including financial institutions.

Where Is VersaBank's Headquarters?

VersaBank officeVersaBank officeVersaBank officeVersaBank office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the primary administrative, operational, and executive hub for VersaBank's digital banking and financial technology activities.

Notable Features:

Modern office facility located in a key commercial district, designed to support a technology-driven banking model.

Work Culture:

Innovative, agile, and technology-focused, reflecting its status as a digital-first bank. Emphasis on security, efficiency, and collaborative problem-solving.

HQ Significance:

Central to VersaBank's Canadian operations, strategic decision-making, and the development of its digital banking platform and cybersecurity services.

Values Reflected in HQ: The headquarters' operations embody VersaBank's commitment to innovation, technological advancement, security, and efficiency in the financial sector.

Location:

VersaBank's primary banking operations are focused on Canada. However, its subsidiary, DRT Cyber Inc., provides cybersecurity solutions and services to an international client base, including businesses and government entities in the United States and potentially other regions. This gives VersaBank a growing global reach in the cybersecurity domain.

Street Address:

Suite 2002, 140 Fullarton Street

City:

London

State/Province:

Ontario

Country:

Canada

Where Else Does VersaBank Operate Around the World?

Waterloo, Ontario, Canada

Address: Not publicly listed, located within Waterloo's technology hub.

To tap into the rich technology talent pool and collaborative ecosystem of the Waterloo region, driving technological advancements for the bank and its subsidiaries.

Saskatoon, Saskatchewan, Canada

Address: Not publicly listed for specific DRT Cyber office.

Supports DRT Cyber's Canadian operations and development of cybersecurity technologies, serving a broad range of clients.

Washington D.C. Metro Area, USA

Address: Not publicly listed for specific DRT Cyber office.

To expand DRT Cyber's presence and service offerings in the United States, particularly to government and enterprise clients.

Buying Intent Signals for VersaBank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading VersaBank? Meet the Executive Team

As of April 2025, VersaBank' leadership includes:

David Taylor - President & Chief Executive Officer
John F. Varghese - Chief Operating Officer
Glen L. MacNeil - Chief Financial Officer
Abe Nikolli - Chief Information Officer & Chief Information Security Officer
Ross Duggan - Chief Credit Officer, Commercial Real Estate
Barbara Foy - Chief Human Resources Officer
Jonathan Lightman - General Counsel and Corporate Secretary

Who's Investing in VersaBank?

VersaBank has been backed by several prominent investors over the years, including:

VersaBank is a publicly traded company listed on the Toronto Stock Exchange (TSX: VBNK) and the Nasdaq Stock Market (NASDAQ: VBNK).
Key stakeholders primarily consist of various institutional investors and funds.
Examples of institutional holders include PenderFund Capital Management Ltd. and Fiera Capital Corporation (Note: Holdings can change frequently).

What Leadership Changes Has VersaBank Seen Recently?

Hire0
Exits0

In the last 12 months, VersaBank has focused on strengthening its Board of Directors and the leadership team of its U.S.-based cybersecurity subsidiary, DRT Cyber Inc. No major C-suite executive team departures or hires at the parent VersaBank level have been publicly reported during this period.

New Appointments:

Vern D’Souza, Vern D’Souza appointed to enhance DRT Cyber Inc.'s corporate development and digital strategy efforts.
Gabrielle M. Bochynek, Gabrielle M. Bochynek joined VersaBank's Board, contributing valuable industry expertise.

What Technology (Tech Stack) Is Used byVersaBank?

Discover the tools VersaBank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

VersaBank Email Formats and Examples

While VersaBank's exact email format is not publicly specified, a common professional format for companies like VersaBank is [firstinitial][lastname]@versabank.com. This is a predicted pattern based on standard corporate practices.

[firstinitial][lastname]@versabank.com

Format

dtaylor@versabank.com (example for David Taylor)

Example

75%

Success rate

What's the Latest News About VersaBank?

VersaBank Press Release / Cision • March 13, 2024

VersaBank Declares Quarterly Dividend

VersaBank announced that its Board of Directors declared a quarterly dividend of $0.025 per common share, payable on May 3, 2024, to shareholders of record at the close of business on April 12, 2024....more

VersaBank Press Release / Cision • March 7, 2024

VersaBank Announces Filing of Base Shelf Prospectus

VersaBank announced that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, allowing the Bank to offer up to $300 million of common shares, preferred shares, debt securities, subscription receipts, warrants, and units from time to time during the 25-month period that the base shelf prospectus remains effective....more

VersaBank Press Release / Cision • February 15, 2024

VersaBank Announces Appointment of Gabrielle M. Bochynek to its Board of Directors

VersaBank announced the appointment of Gabrielle M. (Gaby) Bochynek to its Board of Directors. Ms. Bochynek brings deep expertise in Canadian and U.S. financial services, technology, operations and risk management....more

VersaBank Press Release / Cision • December 6, 2023

VersaBank Announces Fourth Quarter and Record Fiscal 2023 Financial Results

VersaBank reported record net income for the fourth quarter and full fiscal year 2023, driven by strong growth in its loan portfolio and increased efficiency. The bank highlighted its unique branchless, business-to-business model as a key factor in its success....more

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