Choice Through Innovation
Deposits: Unlimited Low-Cost, Very Stable Sources
7
>220 Partners Provide Access to
Millions of Depositors
Insolvency Professionals (>100 Offices)
Proprietary, high-value add, technology-based solution
Grown to >100 partners & C$642M/US$479M in <10 years
Deloitte Grant Thornton BDO MNP
☑DAVID SKLAR
& ASSOCIATES INC.
Wealth Management (>120 Partners)
• Extensive network of providing exposure to vast
majority of Canadian depositors
•
Competitively positioned for inexpensive
deposits as a federally licensed bank
Investment
Planning Counsel
IPC INVESTMENT CORPORATION
RBC
Dominion
GMP Securities
Gild
NBCN
Scotia Capital
RBC Securities
CIBC CIBC
World Markets
Objective to minimize cost of deposit funding
All Wealth Management deposits are term deposits
Very "sticky" deposit base
Deposit Composition (Q1 2024)
Wealth Management Deposits
US$479M
US$446M C$641M
82%
Insolvency Deposits
18%
C$619M
US$2.24B
US$2.10B C$3.00B
US$438M C$2.91B
C$598M
US$489M US$1.54B
C$606M C$2.06B
US$301M US$334M US$382M
C$396M
C$508M US$1.00B
C$440M
US$792M US$730M US$796M C$1.25B
C$1,041M C$970M C$1.06B
VersaBank
Choice Through Innovation
2018
2019 2020
2021
2022
2023 Q1 2024View entire presentation