an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . june 2016 learn how and when to remove this template message this article does not cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2016 learn how and when to remove this template message versabank formerly pacific & western bank of canada type public traded as tsx vb industry bank founded 1980 headquarters london ontario canada key people david taylor president & ceo products financial services website 1 versabank formerly pacific & western bank of canada is a canadian chartered bank that was founded in saskatoon saskatchewan in 1980 as a trust company . it later moved its head offices to london ontario and on august 1 2002 it was granted a schedule i canadian chartered bank licence by the canadian federal government the first in approximately 18 years . the bank is publicly traded as vb on the toronto stock exchange . versabank was the country s first branchless financial institution citation needed choosing to invest instead in a technology based platform . when entrepreneur and founder of the bank david taylor designed the electronic branchless platform he was referred to as a visionary ahead of his time by senior government officials canadian ministers and states people of the day . citation needed the bank has maintained its position in the financial services industry as a leader in innovation . citation needed historically its deposits have been raised digitally by way of a comprehensive broker network situated throughout canada a first of its kind . in 2016 there were over 120 deposit broker firms raising its deposits including many of the in house brokerage firms of the big six canadian banks . its lending portfolio consists of commercial and corporate lending real estate and development financing and an innovative state of the art bulk purchase program . the bank s target market is well established canadian corporate entities . in 2016 versabank continued its record of zero loan losses . citation needed in may 2016 the bank changed its name to versabank . why see also edit discovery air list of canadian banks references edit external links edit official site v t e banks and credit unions in canada banks big five bank of montreal canadian imperial bank of commerce president s choice financial royal bank of canada scotiabank tangerine toronto dominion bank td canada trust other banks amex bank of canada bridgewater bank business development bank of canada canadian tire financial services canadian western bank citibank canada citizens bank of canada equitable bank first nations bank of canada hsbc bank canada icici bank canada laurentian bank of canada manulife bank of canada meridian bank national bank of canada rogers bank versabank credit unions credit unions affinity credit union aldergrove credit union alterna savings assiniboine credit union blueshore financial central 1 credit union coast capital savings concentra financial conexus credit union credit union central of canada desjardins group envision financial first calgary financial first west credit union gulf and fraser fishermen s credit union island savings kawartha credit union kootenay savings credit union libro financial group meridian credit union mouvement des caisses populaires acadiennes servus credit union steinbach credit union tcu financial group vancity windsor family credit union your credit union your neighbourhood credit union credit union deposit insurance alberta british columbia manitoba new brunswick newfoundland and labrador nova scotia ontario prince edward island saskatchewan other financial institutions federal financial institutions farm credit canada provincial financial institutions atb financial retrieved from https en.wikipedia.org w index.php 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