Mr. David Taylor reports

VERSABANK TO HOST FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 6, 2024 AT 9:00 A.M. ET

VersaBank will release its first quarter 2024 financial results and host a conference call to discuss those results on Wednesday, March 6, 2024. 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 John Asma, chief financial officer, followed by a question-and-answer period. The bank will release its financial results by news release at approximately 7 a.m. ET.

To join the conference call by telephone without operator assistance, you may register on-line and enter your phone number in advance to receive an instant automated callback. 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 through the Internet, a live webcast will be available 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 the bank's website. Replay of the teleconference will be available until April 6, 2024, by calling 416-764-8677 or 1-888-390-0541 (toll-free) and the passcode is 659787 followed by the number sign.

About VersaBank

VersaBank is a Canadian Schedule I chartered (federally licensed) 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 safeguard its digital infrastructure and to pursue significant large-market opportunities in cybersecurity and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multinational corporations and government entities on a daily basis.

VersaBank's common shares trade on the Toronto Stock Exchange and Nasdaq under the symbol VBNK. Its Series 1 preferred shares trade on the TSX under the symbol VBNK.PR.A.