– New Partner Expected to Contribute at Least US$300 Million in Additional US SRP Fundings Annually –

LONDON, ON, July 9, 2026 /CNW/ - VersaBank (TSX:VBNK) (NASDAQ:VBNK), a North American leader in business-to-business digital banking, digital asset technology and technology solutions for cybersecurity, today announced its wholly owned US subsidiary, VersaBank USA, has entered into an agreement with a wholly owned subsidiary of ECN Capital (the "ECN Subsidiary"), under which the ECN Subsidiary will utilize the Bank's core Structured Receivable Program ("SRP") in the United States. This is the second SRP program into which ECN Capital has entered with VersaBank in the United States.

The ECN Subsidiary is expected to contribute at least US$300 Million in additional US SRP fundings annually with the initial funding expected in the coming weeks. VersaBank and ECN Capital believe the program could grow well beyond US$500 million per year in the future.