07:16 AM EDT, 08/14/2025 (MT Newswires) -- VersaBank ( VBNK ) , a North American player in business-to-business digital banking, as well as technology solutions for cybersecurity, announced Thursday it has expanded its Receivable Purchase Program (RPP) in both the United States and Canada through the launch of a securitized financing solution for point-of-sale and other financing companies.

A statement noted VersaBank's ( VBNK ) RPP Securitized Financing strategy will include investment in the senior-level tranches (typically AAA-rated level and subject to the bank's normal credit approval process) of target securitized credit assets, as well as establish its own platform offering securitization of assets originated and owned by its financing partners. It said this strategy is intended to capitalize on the current demand from larger point-of-sale and other financing companies for lower-cost securitized financing amidst the current interest rate environment. The bank expects to begin adding RPP Securitized assets in the coming weeks.

VBNK was up near 1.7% on the TSX yesterday.