Versabank Gets Canadian Regulatory Blessing for US Bank Acquisition-February 2024-www.financetom.com

Versabank Gets Canadian Regulatory Blessing for US Bank Acquisition

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Versabank Gets Canadian Regulatory Blessing for US Bank Acquisition

Jun 25, 2024 5:30 AM

08:11 AM EDT, 06/25/2024 (MT Newswires) -- VersaBank ( VBNK ) said Tuesday that it has received Canadian regulatory approval for its acquisition of Minnesota-based Stearns Bank Holdingford.

The approval by the Canadian regulator, the Office of the Superintendent of Financial Institutions, follows clearances by US regulators.

The acquisition is slated to be completed on Aug. 30.

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