Acquiring Company
VersaBank
Acquired Company
Stearns Bank Holdingford
London
MinnesotaBankingFinancial ServicesLendingBankingDescription
VersaBank, a North American leader in digital banking, has closed the acquisition of Stearns Bank Holdingford N.A. Upon closing, Stearns Bank Holdingford N.A. was renamed VersaBank USA N.A. This acquisition marks the formal launch of VersaBank's unique Receivable Purchase Program (RPP) funding solution for the underserved multi-trillion-dollar U.S. market.
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Who to call at VersaBank, and when
When VersaBank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day VersaBank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at VersaBank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Stearns Bank Holdingford?
Stearns Bank Holdingford was acquired by VersaBank, based in London. The deal was reported on September 3, 2024. VersaBank (TSX:VB), a technology based and digital Canadian Schedule I chartered bank, operates using an “electronic branchless model”. It sources deposits, consumer loans, commercial loans and leases electronically. VersaBank is publicly traded (VBNK) and operates in Banking.
When did VersaBank acquire Stearns Bank Holdingford?
VersaBank's acquisition of Stearns Bank Holdingford was reported on September 3, 2024. VersaBank, a North American leader in digital banking, has closed the acquisition of Stearns Bank Holdingford N.A. Upon closing, Stearns Bank Holdingford N.A. was renamed VersaBank USA N.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Stearns Bank Holdingford do?
Stearns Bank Holdingford N.A. is an independent OCC-chartered national bank with US$79 million in assets. It is wholly owned by Stearns Financial Services, Inc. It is privately held, operating in Financial Services, and is based in Minnesota.
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