Brief
VersaBank Sells Only Minnesota Branch Back to Stearns
VersaBank, a Canadian digital bank, is selling certain assets of its only Minnesota branch back to Stearns Bank Holdingford, which it purchased nearly two years ago. VersaBank says it will result in a
Summary
VersaBank, a Canadian digital bank, is selling certain assets of its only Minnesota branch back to Stearns Bank Holdingford, which it purchased nearly two years ago.
VersaBank says it will result in a one-time, non-cash write-off of approximately $1.
7 million, with minimal financial impact. Stearns Bank is headquartered in Minnesota and has branches in Minnesota,...
Source
- Connect CREconnectcre.com
