10:28 AM EST, 12/16/2024 (MT Newswires) -- VersaBank ( VBNK ) said Monday it launched a public offering of its common shares.

The company will grant a 30-day overallotment option to its underwriters to acquire up to an additional 15% of the shares to be sold in the offering.

VersaBank ( VBNK ) said it expects to use the net proceeds for general banking purposes.

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