This press release is being issued pursuant to section 5.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids.

LONDON, ON, Nov. 13, 2026 /CNW/ -- GBH Inc. ("GBH") announced today that it has acquired 8,058,698 shares of common stock of Versa Bancorp, a Delaware corporation (the "Parent"), in exchange for the 8,058,698 common shares of VersaBank which GBH previously owned or controlled in connection with VersaBank's previously announced reorganization pursuant to which the Parent has become the direct holding company of VersaBank and has succeeded VersaBank as the publicly traded company in which existing shareholders hold their equity interest (the "Reorganization").

Pursuant to the Reorganization, each outstanding common share of VersaBank (a "VersaBank Share") was exchanged for one exchangeable share of VersaBank, and each such exchangeable share was then automatically transferred to the Parent in exchange for one newly issued share of common stock of the Parent (a "Parent Share").

Immediately prior to the completion of the Reorganization, GBH did not own or have control or direction over, directly or indirectly, any Parent Shares and owned 8,058,698 VersaBank Shares, representing approximately 24.75% of the issued and outstanding VersaBank Shares. Upon completion of the Reorganization, GBH owned 8,058,698 Parent Shares, representing approximately 24.75% of the issued and outstanding Parent Shares, and did not own or have control or direction over, directly or indirectly, any VersaBank Shares. In addition, Patrick George, who may be considered a joint actor with GBH, owns 1,679,349 Common Shares, representing approximately 5.16% of the issued and outstanding Parent Shares.

GBH has acquired its interest in the Parent for investment purposes, and each of GBH and Patrick George may, on an individual basis, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over securities of the Parent through market transactions, private agreements, treasury issuances, exercises of options, convertible securities or otherwise.

For inquiries or a copy of the related early warning reports in respect of GBH, copies of which are filed on www.sedarplus.ca, please contact:

GBH Inc.
5093 Fountain Street North
Breslau, ON N0B 1M0
Email: pgeorge@gamasonry.com
Telephone: (519) 648-2285

SOURCE GBH Inc.