VersaBank — Earnings Release 2021

Feb 11, 2021

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For Immediate Release: February 11th, 2021 Attention: Business Editors

VERSABANK TO ANNOUNCE FIRST QUARTER 2021 FINANCIAL RESULTS AND HOST CONFERENCE CALL ON FEBRUARY 24TH, 2021

LONDON, ONTARIO/CNW – VersaBank (the “Bank”) (TSX: VB) today announced that it will release its First Quarter 2021 financial results on February 24th, 2021, which will be made available at the Bank’s website (www.versabank.com) and SEDAR (www.sedar.com).

On February 24th, 2021, financial results are expected to be released at approximately 7:00 a.m. (EST). The conference call is scheduled for 9:00 a.m. (EST) and will feature a presentation by David Taylor, President & CEO, and other VersaBank executives, followed by a question and answer period.

Dial-in Details:

Toll-free dial-in number: 1 (888) 664-6392 (Canada/US) Local dial-in number: (416) 764-8659 Participant passcode: 51182981

Please call between 8:45 a.m. and 8:55 a.m. (EST).

Webcast Access: For those preferring to listen to the conference call via the Internet, a webcast of Mr. Taylor’s presentation will be available via the internet, accessible here https://produceredition.webcasts.com/starthere.jsp?ei=1429841&tp_key=cd65de896c or from the Bank’s web site.

Instant Replay:

Toll-free dial-in number: 1 (888) 390-0541 (Canada/US) Local dial-in number: (416) 764-8677 Passcode: 182981# Expiry Date: March 24th, 2021, at 11:59 p.m. (EST)

The archived webcast presentation will also be available via the Internet for 90 days following the live event at https://produceredition.webcasts.com/starthere.jsp?ei=1429841&tp_key=cd65de896c and on the Bank’s web site .

About VersaBank

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative

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, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B respectively.

CONTACT:

VersaBank LodeRock Advisors Wade MacBain Lawrence Chamberlain (800) 244-1509 (416) 519-4196 wadem@versabank.com lawrence.chamberlain@loderockadvisors.com

Visit our website at: www.versabank.com