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Stock impact report

VERSABANK ANNOUNCES THRIVE FINANCIAL AS NEW US RECEIVABLE PURCHASE PROGRAM PARTNER [Yahoo! Finance]

VersaBank (VBNK) 
Company Research Source: Yahoo! Finance
digital banking, as well as technology solutions for cybersecurity, today announced its wholly owned US subsidiary, VersaBank USA , has entered into an agreement with Thrive Financial Inc. ("Thrive Financial"), a Virginia -based technology platform for point-of-sale financing of home improvement projects, connecting homeowners, merchants, and lenders nationally, under which Thrive will utilize the Bank's Receivable Purchase Program (RPP) in the United States . The Bank immediately completed an initial funding. VersaBank Logo (CNW Group/VersaBank) "We are thrilled to add Thrive as our latest RPP partner we continue to scale our unique and highly attractive RPP solution in the US," said David Taylor , Founder and President, VersaBank. "Home improvement financing continues to be a major growth driver of our RPP business on both sides of the border, in part due to its economic resiliency. We are confident this collaboration will drive significant value for both organizations and furth Show less Read more
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