LONDON,
ON, May 9, 2022 /PRNewswire/ - VersaBank
("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in
digital banking and cyber security solutions, today announced, the
appointment of Richard Jankura, CA, CPA to its board of directors,
and will assume the role of Chair of the Risk Oversight
Committee.
Mr. Jankura brings to the VersaBank board more than four decades
of experience as a finance and accounting executive with a broad
range of senior management and board of director roles with both
private and public companies in a diverse range of industries,
including financial services, manufacturing, services and
software. Mr. Jankura recently held the roles of Corporate
Advisor, and Chief Financial Officer of The Jones Healthcare Group,
a leading packaging solutions company. Prior to this, he was
President and Chief Executive Officer of Delego Software Inc., a
provider of secure credit card payment processing solutions for SAP
users. Mr. Jankura also held the role of Chief Financial Officer of
Discovery Air, as well as multiple senior executive roles at
VersaBank, ACS Manufacturing Inc., Comcare Health Services, Ernst
& Young Corporate Finance Inc., Working Ventures Canadian Fund
Inc., Barclays Bank of Canada and
Bank of Montreal. Mr. Jankura started his career with Coopers
& Lybrand. Mr. Jankura currently chairs the board of directors
of Goodwill Industries, Ontario Great Lakes and Renix Inc. and has
previously served on the boards of a diverse range of private
companies and not-for-profit organizations, including Oak Trust
Company as member of the Audit Committee.
"I am very pleased to welcome Mr. Jankura to the VersaBank
board," said the Honourable Thomas A. Hockin, Chair of VersaBank's
board of directors. "Mr. Jankura has a long and distinguished
career in business, finance and accounting, including many years in
the banking industry. We look forward to his contribution as
VersaBank continues to pursue outsized, long-term growth as a
leader in digital banking and cyber security solutions."
Mr. Jankura fills the vacancy left by Richard (Dick) Carter, who is retiring from the
Bank's board of directors. Mr. Carter has been a director of
VersaBank since 2014, and prior thereto served as an Audit Partner
for the Bank's auditor, KPMG.
"On behalf of the Board, I would like to thank Mr. Carter for
his many years of service on the VersaBank board, as well as for
his role as our Audit Partner," said David
Taylor, President and Chief Executive Officer,
VersaBank. "Dick has been a tremendous asset to the board as
VersaBank has blazed new trails in digital banking in Canada, and with our most recent entry into
the U.S. market with our proven Point-of-Sale Financing
solution. I know I speak for the entire board when I wish him
well with his future endeavours."
Current VersaBank director Paul
Oliver will assume the role of Chair of the Audit committee,
which became vacant with Mr. Carter's retirement from the
board.
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 on NASDAQ under the symbol VBNK. Its Series 1 Preferred
Shares trade on the TSX under the symbol VB.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank