It said that this was to align its TSX code with its Nasdaq symbol
VersaBank, a major North American player in the fields of business-to-business digital banking and technology products for cybersecurity, has announced that effective at market open yesterday (Jan 25), its common shares began trading on the Toronto Stock Exchange under the ticker symbol “VBNK”.
The new cipher replaced the bank’s previous ticker symbol “VB”. VersaBank said that the change was implemented to align its TSX symbol with its Nasdaq symbol “VBNK”.
VersaBank also announced the change of the ticker symbol for its Series 1 non-cumulative five-year rate reset preferred shares from “VB.PR.A” to “VBNK.PR.A”.
Read more: VersaBank testing new, high-volume mortgage finance app
Aside from a public offering in September, VersaBank’s 2021 milestones include a relaunch of its lending business for Canada’s Indigenous and remote communities.
“VersaBank has a very proud history of supporting the development and growth of Indigenous and remote communities in Canada, providing financing across a vast array of projects that have contributed to the betterment of the lives of the populations within these communities,” said David Taylor, president and CEO of VersaBank. “We were very disappointed when a shift in government sentiment in 2008 necessitated that we halt lending to that program. [However], with the emergence of an encouraging environment and the federal government’s commitment to accelerating work to close infrastructure gaps and build healthier, safer, and more prosperous Indigenous communities, we are thrilled to be able to re-start this program, which, in addition to providing much-needed financing to support growth for this integral part of our country and economy, can be a meaningful contributor to the bank’s overall loan growth and continued growth in profitability.”
