Business
VERSABANK : ANNOUNCES THE RESULTS OF ITS 2025 MEETING OF SHAREHOLDERS
VERSABANK : ANNOUNCES THE RESULTS OF ITS 2025 MEETING OF
About this update from Versabank
LONDON, ON, April 25, 2025 /CNW/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2025 Annual Meeting of Shareholders (the "Meeting") held in London, Ontario on April 24, 2025. Each of the director nominees listed in VersaBank's Management Information Circular dated February 28, 2025, were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places: DirectorNumber of Votes CastPercentage of VotesCast The Honourable Frank Newbould In Favour: Withheld: 10,013,335 104,228 98.97 % 1.03 % Robbert-Jan Brabander In Favour: Withheld: 9,933,208 184,352 98.18 % 1.82 % David A. Bratton In Favour: Withheld: 9,826,370 291,190 97.12 % 2.88 % Gabrielle Bochynek In Favour: Withheld: 9,954,965 162,59598.39 % 1.61 %Peter M. Irwin In Favour: Withheld: 9,866,106 251,454 97.51 % 2.49 % Richard Jankura In Favour: Withheld: 9,959,038 158,522 98.43 % 1.57 % Arthur Linton In Favour: Withheld: 9,930,273 187,287 98.15 % 1.85 % Susan T. McGovern In Favour: Withheld: 9,470,605 646,955 93.61 % 6.39 % Paul G. Oliver In Favour: Withheld: 9,953,995 163,568 98.38 % 1.62 % David R. Taylor In Favour: Withheld: 10,024,905 92,658 99.08 % 0.92 % At the Meeting, the Shareholders also approved the appointment of Ernst & Young LLP as auditors of the Bank. VersaBank's Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedarplus.ca and EDGAR at www.sec.gov/edgar. ABOUT VERSABANK VersaBank is a North American bank with a difference. Federally chartered in both Canada and the US, VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank launched its unique Receivable Purchase Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for nearly 15 years, to the underserved multi-trillion-dollar US market. VersaBank also owns Washin...