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VersaBank Sells Only Minnesota Branch Back to Stearns
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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 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, Florida, and Arizona. “The sale of our only retail bank branch back to Stearns Bank…
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