The planned merger between London, Ont.-based VersaBank and its holding company, PWC Capital Inc., has received final regulatory approval from the federal Finance minister.

The deal, which has already received shareholder approval, will now close on Tuesday, the firms said.

The companies announced their plans to merge back in September 2016, citing the desire to simplify their structure, increase liquidity and enhance their access to capital. The resulting firm will use the VersaBank brand.