VERSABANK'S 2022 ANNUAL MEETING TO BE HELD AT TMX MARKET CENTRE, 120 ADELAIDE STREET WEST, TORONTO - MEETING WILL ALSO BE LIVE STREAMED

Rhea-AI Summary

VersaBank (TSX: VBNK, NASDAQ: VBNK) will hold its annual shareholder meeting on April 20, 2022, at the TMX Market Centre, located at 120 Adelaide Street West, Toronto, at 10:30 a.m.. The meeting will be live-streamed for electronic attendance. Shareholders must submit proxy voting instructions to Computershare Investor Services by April 18, 2022, to cast their votes. A correction was issued regarding the meeting's location address, ensuring accurate information for all participants. For more details, shareholders can refer to the Management Proxy Circular.

Positive

• Annual shareholder meeting to be live-streamed enhances accessibility.
• Correction of the meeting address improves communication and transparency.

Negative

• Shareholders attending electronically cannot vote during the meeting, which limits participation.

LONDON, ON, March 18, 2022 /CNW/- VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its upcoming annual meeting of shareholders (the "Meeting") will be held at the TMX Market Centre on Wednesday, April 20, 2022 at 10:30 a.m. and will also be live-streamed. Live Webcast Access (link is also available on the Bank's website): https://bit.ly/3tS3CZ2

CORRECTION: Please be advised that mailed copies of the Notice of Annual Meeting of Shareholders and Management Proxy Circular dated March 3, 2022 and the Form of Proxy, incorrectly referred to the address of the TMX Market Centre as 130 King Street West, Toronto, Ontario. This address should be corrected to 120 Adelaide Street West, Toronto, Ontario, the Toronto Stock Exchange's newly constructed event space in the heart of the financial district and site of VersaBank's 2022 Annual General Meeting. Electronic copies of the Notice of Annual Meeting of Shareholders and Management Proxy Circular dated March 3, 2022 and Form of Proxy, filed on SEDAR, EDGAR and the Bank's website contain the corrected address.

Shareholders wishing to attend the Meeting electronically will not be able to vote at or during the Meeting and must submit their advanced proxy voting instructions to Computershare Investor Services Inc., by no later than 10:30 a.m. on April 18, 2022 by one of the methods described in the Management Proxy Circular (available at: www.versabank.com/investor-relations/shareholder-meetings/).

About VersaBank

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

VersaBank's Common Shares trade on the Toronto Stock Exchange ("TSX") and Nasdaq under the symbol VBNK.  Its Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A.

Visit our website at:  www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and Twitter.

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SOURCE VersaBank

FAQ

When is VersaBank's annual shareholder meeting?

VersaBank's annual shareholder meeting is scheduled for April 20, 2022.

Where will the annual meeting of VersaBank be held?

The meeting will be held at 120 Adelaide Street West, Toronto, at the TMX Market Centre.

Can shareholders attend VersaBank's annual meeting electronically?

Yes, shareholders can attend the meeting electronically, but they cannot vote during the meeting.

What is the deadline for submitting proxy voting instructions for VersaBank's annual meeting?

The deadline to submit proxy voting instructions is April 18, 2022, by 10:30 a.m.

Is there a correction related to VersaBank's annual meeting?

Yes, the address for the annual meeting was corrected from 130 King Street West to 120 Adelaide Street West.