VersaBank (VBNK) shareholders have voted in favor of the special resolution approving a plan to realign its corporate structure to a standard US bank framework, according to a regulatory filing Thursday.
The total common shares that voted for the reorganization resolution were around 21.9 million, or 99.7%, the filing said.
Under the reorganization, a new Delaware-based holding company, Versa Bancorp, would become the parent of VersaBank and VersaBank USA National Association and succeed VersaBank as the publicly traded entity, according to an earlier statement.
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