VersaBank (VBNK:CA) Shareholder/Analyst Call Transcript

Francis J. Newbould

Okay. Good morning. Welcome to the Annual General Meeting of VersaBank. I’m Frank Newbould, Chair of the Board since last year. And in accordance with the bylaws, I will act as Chair of today’s meeting, and I appoint Stacey Stokley as — Corporate Secretary of VersaBank as Secretary of the meeting. And with the consent of the meeting, I appoint Arlene Agnew and Heather Conran around the corner from Odyssey Trust, who are joining us today as scrutineers for the meeting.

The Secretary has confirmed that notice of this meeting was duly given in accordance with the Bank Act and the scrutineers have reported that the requisite quorum of shareholders as described in the bank’s bylaws are present in person or represented by proxy. So I therefore declare this meeting to be properly constituted for the transaction of business and call the meeting to order.

I further direct a copy of the notice of this meeting, together with proof of mailing be kept by the secretary with the records of the meeting and that the scrutineers’ report be annexed to the minutes of this meeting. If all this sounds scripted, legalistic, formalistic, it is. We’re told we’ve got to mind our Ps and Qs and cross the dots — cross the Ts and dot the Is. And so there’s a whole lot of formal stuff in here.

We’re fortunate to have in person, except one, all the members of the VersaBank’s Board. Rick Jankura, unfortunately came