VersaBank is a Schedule I chartered bank with a difference. Our success is based on our initial vision for a new kind of financial institution: a “branchless” commercial bank that makes full use of innovative technologies. By investing in highly skilled, experienced people and in advanced computing technologies rather than in bricks and mortar, we have significantly grown our assets and continue to achieve record efficiencies.
We provide two primary services – deposits and financing. The bank is organized around these two distinct operating divisions.
We have partnered with existing nationwide brokerage firms to raise the bank’s deposits. Today, we enjoy relationships with almost all of the large Canadian bank-owned brokerages as well as over 100 small to mid-size financial advisory firms across the country.
We have focused on specific niches in which we have developed a wealth of experience, including financing well-established corporations and public sector entities. Our seasoned team of expert lenders encompass three primary areas: our Bulk Receivable Purchase Program, Commercial and Corporate Lending and Real Estate and Development Financing. Each group operates throughout Canada, providing lending services from coast to coast.
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