Brief: Versabank Announces Intention To Realign Corporate Structure To Standard US Bank Framework
29/05/2025 13:05
May 29 (Reuters) - VersaBank VBNK.TO: VERSABANK ANNOUNCES INTENTION TO REALIGN CORPORATE STRUCTURE TO STANDARD US BANK FRAMEWORK VERSABANK - ESTIMATED COSTS OF STRUCTURAL REALIGNMENT ABOUT CAD$8 MILLION, EXPECTED TO BE INCURRED IN Q3 AND Q4 OF FISCAL 2025 VERSABANK - SUSAN MCGOVERN APPOINTED INTERIM CEO OF VERSABANK, UNTIL PROPOSED STRUCTURAL REALIGNMENT IS COMPLETED VERSABANK - DAVID TAYLOR TO RELINQUISH TITLE AS CEO OF VERSABANK VERSABANK - NAMES FRANK NEWBOULD AS CHAIR OF BOARD Source text: ID:nCNWn54Hla Further company coverage: VBNK.TO ((Reuters.Briefs@thomsonreuters.com;))