First U.S. Fintech to Announce Acquisition of a Bank, Now Poised to Reimagine Banking
Boosting LendingClubвЂ™s capability to provide its users, Grow its Market Opportunity, Increase and Diversify profits, and Provide Resilience and Regulatory Clarity
Board Adopts a Temporary Stockholder Rights Intend To Safeguard Bank Charter Initiative
Deal are talked about throughout the CompanyвЂ™s Q4 and complete Year profits Call and Webcast Today at 2pm PT
BAY AREA /PRNewswire/вЂ” LendingClub Corporation (NYSE:LC), AmericaвЂ™s biggest online lending marketplace linking borrowers and investors, today announced so it has finalized a definitive contract to get Radius Bancorp, and its own wholly owned subsidiary Radius Bank, (together вЂњRadiusвЂќ) recently voted the nationвЂ™s best online bank1 in a money and stock deal valued at $185 million. Combining Radius and LendingClub will generate a marketplace that is digitally native at scale because of the capacity to deliver an integral customer experience, allowing customers to both spend less when borrowing and earn much more whenever preserving.
Radius is a respected bank that is online and located in Boston, MA, with over $1.4 billion in diversified assets. (más…)