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VBNK (VersaBank) Inventories, Raw Materials & Components


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What is VersaBank Inventories, Raw Materials & Components?

Inventories, Raw Materials & Components does not apply to banks and insurance companies.


VersaBank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (NAS:VBNK) » Definitions » Inventories, Raw Materials & Components
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Address
140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2
VersaBank is a Canadian Schedule I chartered bank with a difference. It has 3 operating segments: Digital Banking Canada, Digital Banking USA and DRTC. It's, cloud-based, business-to-business deposit and lending model provides valued-added solutions to Canadian financial intermediary partners, enabling them to focus on growing their own businesses faster and more profitably. It obtains all of its deposits and provides the majority of its loans and leases electronically, with deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, Company established a wholly owned, subsidiary. Geographically located in Canada and USA.