VersaBank (VBNK) Prices 5.5M Share Public Offering at $10/sh

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VersaBank Announces Pricing of Public Offering

September 21, 2021 9:45 PM EDT

LONDON, ON, Sept. 21, 2021 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") today announced the pricing of its previously-announced public offering of VersaBank's common shares. VersaBank will issue 5,500,000 shares at a price of US $10.00 per share, the equivalent of CAD $12.80 per share based on today's Bank of Canada exchange rate, for gross proceeds of US $55,000,000. The offering is expected to close on September 24, 2021, subject to customary closing conditions.

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