VersaBank
For the period ended Sep 1, 2026. Filed Sep 1, 2026.
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Sep 1, 2026 · Filed Sep 1, 2026
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EX-99.1 · ABOUT VERSABANK'S REAL-TIME STRUCTURED RECEIVABLE PROGRAM
ABOUT VERSABANK'S REAL-TIME STRUCTURED RECEIVABLE PROGRAM
VersaBank's Real-Time Structured Receivable Program (SRP) is a revolutionary innovation in funding for point-of-sale financing companies, providing the same reliable, economically attractive funding solution as the Bank's existing SRP, with the additional benefit of eliminating the need for SRP partners to warehouse multiple receivables over a period of time (typically from five to 30 or more days). This enables the Bank's SRP partners to finance individual loans within just hours, reducing the overall financing cost and the need for warehouse financing. It also further strengthens VersaBank's exceptional risk mitigation capabilities by enabling the Bank to better leverage its own, internal AI platform through evaluation of the partner loans underlying the SRP receivables on an individual basis.
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