VersaBank announced a public offering on December 16, 2024, raising US$75 million (C$106.83 million) through the sale of 5,660,378 common shares at US$13.25 (C$18.87) per share, with a 30-day over-allotment option for an additional 849,056 shares. The offering closed on December 18, 2024, with net proceeds of US$69.22 million (C$98.54 million) allocated for general banking purposes and to bolster Common Equity Tier 1 capital.

Underwriters included Raymond James (sole bookrunning manager), Keefe, Bruyette & Woods, and Roth Canada, Inc. Legal advisors were Stikeman Elliott LLP (Canada), Davis Polk & Wardwell LLP (U.S.) for VersaBank, and Holland & Knight LLP for the underwriters.