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VersaBank Relaunches Indigenous and Remote Community Lending Program: Appoints Roland Bailey to Lead Infrastructure Lending Channel and Robert-Falcon Ouellette to Lead Home Financing Channel
VersaBank Relaunches Indigenous and Remote Community Lending Program: Appoints Roland Bai...
About this update from Versabank
[{"type":"text","content":"\n \n \n \n VersaBank Relaunches Indigenous and Remote Community Lending Program: Appoints Roland Bailey to Lead Infrastructure Lending Channel and Robert-Falcon Ouellette to Lead Home Financing Channel\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n LONDON, ON\n \n ,\n \n Aug. 11, 2021\n \n /CNW/ - VersaBank (TSX: VB) (\"VersaBank\" or the \"Bank\") today announced the appointments of\n \n Roland Bailey\n \n as Executive Director, Indigenous Infrastructure Program and\n \n Robert-Falcon Ouellette\n \n as Executive Director, Indigenous Housing Initiatives, to lead the infrastructure and home financing channels, respectively, as VersaBank relaunches its Indigenous and Remote Community Lending business.\n \n \n \n \n \n \n \n \n \n From its inception in 1993 until 2008, VersaBank had an active and very successful lending business focused on serving the unique needs of Indigenous and remote communities in\n \n Canada\n \n , and was, at one time, the largest lender to both.  During this period, VersaBank provided hundreds of millions of dollars in financing for both private and public infrastructure projects, including schools, hospitals, seniors' living facilities, water treatment facilities, clean energy, apartment buildings, recreational centres, and various small business projects to support entrepreneurial endeavours, among others.\n \n \n \"VersaBank has a very proud history of supporting the development and growth of Indigenous and remote communities in\n \n Canada\n \n , providing financing across a vast array of projects that have contributed to the betterment of the lives of the populations within these communities,\" said\n \n David Taylor\n \n , President and Chief Executive Officer, VersaBank.  \"Reconciliation in\n \n Canada\n \n is about action, which directly improves the lives of Indigenous Canadians. We were very disappointed when a shift in government sentiment in 2008 necessitated that we halt lending to that program.  With the emergence of an encouraging environment and the federal governme...