VersaBank wins Canadian finance minister OK for U.S.-style holding company reorganization

• VersaBank received Canadian Finance Minister François-Philippe Champagne’s clearance for its planned corporate reorganization to a standard U.S. bank holding structure.
• A new Delaware parent, Versa Bancorp, would become the bank’s direct holding company under the plan.
• Closing is targeted by end-October 2026, subject to U.S. Federal Reserve Board approval.

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