VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B).

The Series 1 Preferred Share dividend of $0.175 per Series 1 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of July 31, 2016 to shareholders of record at the close of business on July 7, 2016.

The Series 3 Preferred Share dividend of $0.175 per Series 3 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of July 31, 2016 to shareholders of record at the close of business on July 7, 2016.

The dividends to which this notice relates are eligible dividends for tax purposes.

About VersaBank

The Bank, a highly technologically proficient Canadian Schedule I chartered bank, operates using an “electronic branchless model”. It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff.

VersaBank’s Common Shares trade on Toronto Stock Exchange under the symbol VB.

VersaBankInvestor Relations:Wade MacBain, 800-244-1509wadem@versabank.comhttp://www.versabank.com

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