Choice Through Innovation

Why VersaBank? Why Now? 16 At inflection point for operating leverage, earnings growth and ROCE generation based on expected continued strong growth in Canada and entry into the U.S Proposed acquisition of national, chartered US bank provides access to $1.8T market for highly unique Receivables Purchase Program (proven out in Canada) Highly risk-mitigated model based on structuring of both deposits and loans Current valuation substantially below US comps based on both P/BV & P/E Profitable cybersecurity services subsidiary is a "free option" Positioned to perform well in a challenging economic environment

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