VersaBank

VersaBank

VersaBank

Overview
Date Founded

1979

Headquarters

140 Fullarton Street, Suite 2002, London, ON, N6A 5P2, CAN

Type of Company

Public

Employees (Worldwide)

98

Industries

Retail & Commercial Banking

Company Description

VersaBank engages in the provision of financial services. The firm focuses on deposits and financing. The company was founded in June 1979 and is headquartered in London, Canada.

Contact Data
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Executives & Employees

Chief Financial Officer & Secretary

General Counsel & Corporate Secretary

Chief Internal Auditor

Chief Compliance Officer & Chief Anti-Money Laundering Officer

Chief Credit Officer

Chief Risk Officer

Chief Information Officer

Chief Human Resources Executive

Executive Head, Innovation Center of Excellence

Executive Head of Commercial Lending

Board of Directors

Former Director, Chairman of the Bank at VersaBank

Vice Chairman of the Board at VersaBank

Director, President & Chief Executive Officer of the Corporation & Bank at VersaBank

Principal-Human Resources & Labour Relations at The Osborne Group, Inc.

Former Senior Partner at PricewaterhouseCoopers LLP

Former President at Bratton Consulting, Inc.

Former President & Chief Executive Officer at Crown Investments Corp. of Saskatchewan

President at 340268 Ontario Ltd.

Vice President, External Relations at University of Ontario Institute of Technology

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Recent Transactions
Details Hidden

PWC Capital, Inc. purchases VersaBank

Details Hidden

Comvest Partners, Inc. purchases McKesson Corp. /Care Management Bus from McKesson Corporation resulting in a new company Falcon Subsidiary LLC

Details Hidden

VersaBank issued CAD Common Stock

Transaction Clients
Lender

Advised on Comvest Partners, Inc. purchases McKesson Corp. /Care Management Bus from McKesson Corporation resulting in a new company Falcon Subsidiary LLC

Lender

Advised on Comvest Partners, Inc. purchases McKesson Corp. /Care Management Bus from McKesson Corporation resulting in a new company Falcon Subsidiary LLC

Transaction Advisors
Underwriter

Advised onVersaBank issued CAD Common Stock

Underwriter

Advised onVersaBank issued CAD Common Stock

Auditor

Advised onVersaBank issued CAD Common Stock

Clients

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $52 billion in cumulative capital commitments. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity.

First National is Canada's largest non-bank lender, offering both commercial and residential mortgage solutions. Through a combination of our innovative mortgage solutions, Merlin - our industry leading mortgage approval and tracking system, and the experts we have on our team, First National has earned the trust of Mortgage Brokers, Commercial Clients as well as Residential Customers. These strong relationships are thanks to an unwavering commitment to delivering excellent service. A Commitment shared by Senior Management and every member of the First National team

MCAN Mortgage Corp. operates as a mortgage investment corporation. It engages in the investment and management of its corporate fund through mortgage portfolios. Its portfolio includes single family residential, residential construction, non-residential construction and commercial loans, as well as other types of loans and investments, real estate, and securitization investments. The company was founded on January 11, 1991 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2020
Market Capitalization
$264M
Total Enterprise Value
$-54.3M
Earnings Per Share
$0.61
Revenue
$64.6M
Enterprise Value / Sales
-0.84x
TEVNet Income
-3.73x
Debt TEV
-0.23x
Three Year Compounded Annual Growth Rate Of Revenue
6.35%
Net Profit
$14.6M
Total Equity
$191M
Total Debt
$12.5M
Competitors
National Bank of Canada Retail & Commercial Banking - Montréal, Canada

National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other. The Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust and lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The USSF&I segment comprises specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses; and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as asset and liability management, liquidity management and funding operations, certain non-recurring items, and unallocated portion of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.

Canadian Imperial Bank of Commerce Retail & Commercial Banking - Toronto, Canada

CIBC is a leading Canadian-based financial institution. Through their three main business units - Retail and Business Banking, Wealth Management and Capital Markets - CIBC provides a full suite of financial products and services in Canada and around the world.

Royal Bank of Canada Retail & Commercial Banking - Toronto, Canada

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

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