LendingClub Bank (NYSE:LC) has rebranded as Happen Bank. The onetime marketplace lending platform said the new name marked a “significant milestone” in its existence as a digital bank. The label will roll out this summer.
LendingClub CEO Scott Sanborn explained that the LendingClub label no longer represents the Fintech. The Happen Bank is said to highlight the growing range of banking services it provides to its customers.
The name Happen Bank is designed to signal “action, progress, and forward momentum.” A “digital bank built for the Motivated Middle.”
LendingClub Bank has experienced solid growth in loan originations in recent years, with 2025 showing 33% year-over-year growth. Top-line revenue hit $999 million in 2025, up 27% from 2024. The company generated net income of $136 million in 2025, more than double the amount in 2024. At the same time, members, or users of its products, have grown at a more measured pace, partly due to a goal of attracting more creditworthy users.
While LendingClub has experienced consistent growth, its shares have underperformed in 2026.
