LendingClub Kicks Off Brand Transition Away from Radius to LendingClub Bank

LendingClub (NYSE:LC), once the largest marketplace lender in the US and now an emerging digital bank, is transitioning away from the Radius Bank brand.

As was previously reported, LendingClub acquired federally chartered Radius Bank with the deal closing around the beginning of this year. The goal is to leverage its connection with its online lending customers to provide a portfolio of digital banking services. In a public post, LendingClub stated:

“Starting today Radius online and mobile banking customers will see LendingClub Bank when they log in to their accounts. Account and routing numbers will remain the same and you can continue to use the Radius debit card until either it expires or you are issued a LendingClub branded one.”

LendingClub has created a special section of its website for its banking operations.

LendingClub will be revealing its Q2 earnings report on Wednesday, July 28, 2021, after-market hours. A live webcast of the call will be available at http://ir.lendingclub.com and will start at 5:00 p.m. ET.

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