VersaBank plans holding company reorganization, swapping shares 1-for-1 into Versa Bancorp

VersaBank plans a holding-company reorganization that will shift the public listing to newly formed Delaware parent Versa Bancorp.

• Shareholders will exchange each common share one-for-one into a common share of Versa Bancorp at the effective time.
• No fractional shares will be issued; any fractional entitlement will be rounded down to the nearest whole share.
• Registered holders must submit a signed letter of transmittal to receive the new shares; beneficial holders should follow intermediary instructions.
• Unsubmitted share certificates and required documents within 5 years of the effective date will forfeit the right to receive the entitlement.