12:37 PM EST, 12/24/2024 (MT Newswires) -- VersaBank ( VBNK ) said underwriters of its public offering fully exercised an option to purchase 849,056 additional common shares at $13.25 apiece, adding almost $11.3 million in gross proceeds.

That brought the total offering to around 6.51 million shares with gross proceeds of $86.25 million, VersaBank ( VBNK ) said Tuesday in a statement.

The funds will be used to support general banking purposes, VersaBank ( VBNK ) said.

VersaBank ( VBNK ) shares fell 0.8% in recent Tuesday trading.

Price: 13.42, Change: -0.11, Percent Change: -0.81