Institution profile · Domestic bank (Schedule I)
VersaBank
ActiveVersaBankCDIC
VersaBank is a London, Ontario Schedule I bank that operates without branches. In 2024 it bought a small Minnesota bank, now VersaBank USA.
Profile facts checked October 30, 2026
What is VersaBank?
VersaBank is domestic bank, regulated by OSFI at the federal level. Eligible deposits are CDIC-insured to $100,000 per category. It doesn’t list personal accounts in FCAC’s Account Comparison Tool, so this page covers its official status, deposit protection, ownership and dated facts.
At a glance
- Legal name
- VersaBank
- Type
- Domestic bank (Schedule I)
- Head office
- London, ON
- Founded
- 1979 — Incorporated in 1979 as Pacific & Western Trust Corporation.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Website
- www.versabank.com
Is my money safe at VersaBank?
CDIC member.
Worked example — a household with four deposits at two CDIC members
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| Member A: Own name | $130,000 | $100,000 | $30,000 |
| Member A: TFSA | $45,000 | $45,000 | $0 |
| Member A: Joint (You + partner) | $80,000 | $80,000 | $0 |
| Member B: Own name | $60,000 | $60,000 | $0 |
Total $315,000; protected $285,000; not protected $30,000. Try your own deposits in the deposit safety tool.
VersaBank doesn’t list personal chequing or savings accounts in FCAC’s Account Comparison Tool (retrieved November 1, 2026), so we can’t price its accounts here. Check its own fee disclosures.
Is VersaBank on the official lists?
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| VersaBank | OSFI — Schedule I domestic bank | Yes |
What else should you know about VersaBank?
- Head and registered office at 140 Fullarton Street, London, Ontario.Source: versabank.com
- Acquired Stearns Bank Holdingford, N.A. on August 30, 2024, renamed VersaBank USA National Association.Source: versabank.com
- Shares listed on the TSX and Nasdaq (VBNK).Source: versabank.com
Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.
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