Exhibit 99.1 For Immediate Release: December 13, 2023 Attention: Business Editors VERSABANK REPORTS RECORD FOURTH QUARTER AND FISCAL 2023 FINANCIAL RESULTS AS IT CONTINUES TO BENEFIT FROM INCREASING OPERATING LEVERAGE IN ITS UNIQUE DIGITAL BANKING MODEL – Fourth Quarter and Fiscal 2023 Highlighted by Another Record Loan Portfolio and Record Revenue, Net Interest Income and Net Income While ROCE Improves to 13.58% – VersaBank's 2023 annual audited Consolidated Financial Statements and Management's Discussion ...