THE 2022 VERSABANK ANNUAL MEETING WILL BE HELD AT THE TMX MARKET CENTRE, 120 ADELAIDE STREET WEST, TORONTO

LONDON, ON, March 18, 2022 /CNW/- VersaBank (the “Bank”) (TSX: VBNK) (NASDAQ: VBNK) today announced that its next annual meeting of shareholders (the “Meeting”) will be held at the TMX Market Center on Wednesday, April 20, 2022 at 10:30 a.m. and will also be broadcast live. Access to live webcast (the link is also available on the Bank’s website): https://bit.ly/3tS3CZ2

CORRECTION: Please note that the mailed copies of the Notice of Annual Meeting of Shareholders and the Management Proxy Circular dated March 3, 2022 and the form of proxy incorrectly listed the address of the TMX Market Center at 130 King Street West, Toronto, Ontario. This address should be corrected to 120 Adelaide Street West, Toronto, Ontario, the Toronto Stock Exchange’s new 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 the 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 who wish to attend the Meeting electronically will not be able to vote at or during the Meeting and must submit their proxy voting instructions to Computershare Investor Services Inc. 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 Schedule I Canadian chartered bank with a difference. VersaBank became the world’s first all-digital financial institution when it embraced its highly efficient business-to-business model using its cutting-edge proprietary financial technology to cost-effectively reach underserved segments of the Canadian banking market in pursuit of a higher 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 enable them to excel in their core businesses. Additionally, leveraging its in-house developed IT security software and capabilities, VersaBank has established wholly owned, washington d.c.DRT Cyber ​​​​Inc., a subsidiary based in New York, to seize significant market opportunities in the field of cybersecurity and develop innovative solutions to address the growing volume of cyber threats that daily threaten financial institutions, companies multinationals and government entities.

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

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SOURCEVersaBank