VersaBank announced that Nicolas Ospina will serve as its new Global Chief Financial Officer, effective January 5 2026, while former CFO John Asma will be promoted to the role of Chief Financial Officer. The appointments were disclosed on December 19 2025 and are part of the bank’s broader strategy to strengthen financial leadership as it expands its U.S. operations.
Ospina brings more than a decade of experience from Raymond James’ Financial Services Investment Banking Group, where he led capital‑market transactions and served as the lead book‑runner on VersaBank’s recent share offerings. His background in structuring equity and debt deals positions him to oversee the bank’s capital strategy and support its planned U.S. expansion.
The CFO changes accompany VersaBank’s corporate realignment toward a Delaware‑based, U.S.‑domiciled parent company. This restructuring is intended to streamline regulatory oversight, reduce corporate costs, and position the bank for future growth in the U.S. market, where it has already launched its Receivable Purchase Program (RPP) in August 2024.
VersaBank’s RPP, a securitized financing solution for point‑of‑sale finance partners, has been a core driver of growth in Canada for nearly 15 years and is now being scaled in the U.S. market. The new CFO will play a key role in managing the capital and risk profile of this expansion, ensuring that the program can meet the demand of a multi‑trillion‑dollar U.S. market while maintaining strong financial oversight.
Founder and President David Taylor said the appointments “represent an important step in support of our growth strategy for the near and long‑term. By elevating a proven leader and welcoming a strategic addition, we are strengthening our ability to execute on our priorities in the U.S. and Canada, and positioning the Bank for additional future opportunities to drive long‑term value for our shareholders.”
VersaBank’s shares were trading near their 52‑week high of $15.24 and had surged 33 % over the past six months as of December 19 2025, reflecting investor confidence in the bank’s U.S. expansion and the new leadership team.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.