Mr. David Taylor reports

VERSABANK TO HOST SECOND QUARTER FISCAL 2023 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, JUNE 7, 2023 at 9:00 A.M. ET

VersaBank will release its second quarter 2023 financial results and host a conference call to discuss those results on Wednesday, June 7, 2023. The conference call/webcast is scheduled for 9 a.m. ET and is expected to last approximately 60 minutes. The conference call/webcast will include a presentation by David Taylor, president and chief executive officer, and Shawn Clarke, chief financial officer, followed by a question-and-answer period. The bank will report its financial results via news release at approximately 7 a.m. ET.

To join the conference call by telephone without operator assistance, you may register and enter your phone number in advance on-line to receive an instant automated call back. Alternatively, you may also dial direct and be entered into the call by an operator at: 416-764-8659 or 1-888-664-6392 (toll-free).

For those preferring to listen to the presentation via the Internet, a live webcast will be available on-line or on the bank's website. The slide presentation management will use during the conference call/webcast will be available on the bank's website.

The archived webcast presentation will be available for 90 days following the live event on-line and on the bank's website. Replay of the teleconference will be available until July 7, 2023, by calling 416-764-8677 or 1-888-390-0541 (toll-free) and using the passcode: 008318 followed by the pound sign.

About VersaBank

VersaBank is a Canadian Schedule I chartered (federally regulated) bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model in 1993 using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT (information technology) security software and capabilities, VersaBank established wholly owned subsidiary DRT Cyber Inc., based in Washington, D.C., to pursue significant large-market opportunities in cybersecurity and develop innovative solutions to address the rapidly growing volume of cyberthreats challenging financial institutions, multinational corporations and government entities on a daily basis.