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Stock impact report

VERSABANK TO SELL ITS ONLY BANK BRANCH IN HOLDINGFORD, MINNESOTA, TO STEARNS BANK [Yahoo! Finance]

VersaBank (VBNK) 
Company Research Source: Yahoo! Finance
LONDON, ON March 24, 2026 /CNW/ - VersaBank (or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced that the Bank has entered into a definitive agreement for the sale of certain assets associated with its only bank branch in Holdingford, Minnesota to Stearns Bank National Association ("Stearns Bank") (the "Holdingford Sale"). The Holdingford Sale has been approved by the Office of the Comptroller of the Currency ("OCC"). VersaBank Logo (CNW Group/VersaBank) "The sale of our only retail bank branch back to Stearns Bank is consistent with our highly efficient branchless, partner-based, digital banking model and the resulting cost savings will contribute to our operating leverage as we continue to steadily ramp up our Structured Receivable Program business in the U.S." said David Taylor, Founder and President, VersaBank. "The efficiency of our U.S. operations has a Show less Read more
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