Tagged: radius bank

LendingClub Bank Supports Paycheck Protection Program Loans

Last month, the US Paycheck Protection Program (PPP) was extended to aid small businesses impacted by the ongoing COVID-19 health crisis. With the program extending, LendingClub Bank says it will support SMEs with access to more PPP loans through its predecessor in interest Radius Bank…. Read More

LendingClub Shares May Be Surging Due to Institutional Interest

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

LendingClub Reports $22.1 Million Net Loss in Q4 as Revenue Declines, Loan Originations Increase [u]

LendingClub (NYSE: LC), an online lender and nascent digital bank, has announced financial results for Q4 2020 and the full year ending December. According to a release, LendingClub’s adjusted net loss was $(22.1) million in the fourth quarter, compared to adjusted net income of $7.0… Read More

LendingClub Comments on Radius Bank Acquisition: A watershed moment for the industry

LendingClub (NYSE:LC) says it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp. LendingClub said the deal should close on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions. At… Read More

Happy New Year! LendingClub’s Acquisition of Radius Bank Approved by the OCC

LendingClub (NYSE:LC) will start 2021 on a high note it seems. The online lender and aspiring digital bank has had its acquisition of Radius Bank approved by the Office of the Comptroller of the Currency (OCC), according to many reports. Additionally, the decision letter was… Read More

Radius Bank Forms Partnership With Narmi to Launch Enhanced Online Banking & Mobile App Experience for Small Business Clients

  U.S. digital bank Radius Bank announced on Tuesday the recent launch of its enhanced online business banking platform and mobile app for small business clients. According to Radius Bank, The overhauled user experience was the result of the bank’s continued partnership with fintech startup… Read More

LendingClub Recognized as Top Workplace in Utah

LendingClub (NYSE: LC) has received a nice recognition from the Salt Lake Tribune. A relatively recent presence in Utah, LendingClub has been rccognized as a Top Workplace for 2020. According to a note from LendingClub,  the list is based solely on employee feedback gathered through… Read More

LendingClub Q3 Numbers: Loan Originations Down 83% Year-Over-Year but Improving 79% Sequentially

LendingClub Corporation (NYSE: LC) has announced its Q3 results for the period ending September 30, 2020. LendingClub, a leading online lender, has been battered by the ongoing COVID-19 health crisis but is reporting a bounce back in loan originations. According to the earnings report, loan… Read More

Radius Bank Unveils Commercial API Banking Platform & Developer Sandbox

U.S. digital bank Radius Bank announced on Thursday it has teamed up with API banking group Treasury Prime to launch its commercial API banking platform and developer sandbox. Radius noted that with API banking it is expanding its banking-as-a-service (BaaS) digital platform by offering commercial… Read More

LendingClub Files 8-K Indicating It Will Cease Offering and Selling Retail Notes [u]

Closing an Important Chapter LendingClub (NYSE:LC), the leading marketplace lender in the US, has filed an 8-K with the Securities and Exchange Commission stating it will cease offering Retail Notes as of the end of 2020. In an email distributed to LendingClub retail investors, the… Read More

Radius Bank Announces Partnership With Currencycloud to Allow Clients to Send Money to More Than 180 Countries

U.S. digital bank Radius Bank announced on Monday it has formed a partnership with cross-border solutions provider Currencycloud to offer Radius clients to send money to more than 180 countries around the world. Radius Bank reported that it is using Currencycloud’s APIs to send outgoing… Read More

LendingClub CEO Scott Sanborn: We have been preparing for an adverse environment for the past several years

LendingClub (NYSE:LC) is the leading online consumer lender in the US and the first big Fintech lender to go public on the NYSE. Over $50 billion in lending has been originated on the platform that claims more than 3 million customers. The last few years… Read More

A New Era in Fintech? LendingClub Reports Profitable Q4, Announces Acquisition of Digital Bank – Radius

LendingClub (NYSE:LC), the largest online lending marketplace in the United States, has simultaneously announced a GAAP profitable Q4 while revealing it has purchased a federally chartered bank, Radius Bank, thus immediately vaulting the Fintech into the hot digital banking realm. According to a release distributed… Read More

Radius Bank Announces New Partnership With Credible For Digital Marketplace Expansion

U.S. digital bank Radius Bank announced on Thursday it has teamed up with Credible to expand its digital marketplace. Radius Bank reported that through the partnership, consumers can source competitive rates for student loans, student loan refinancing and personal loans through the Radius platform. The… Read More

Radius Bank Teams Up With Wallit to Teach Teenagers Smart Money Habits

Radius Bank, a U.S.-based digital bank, announced on Monday it has formed a partnership with Wallit, a rewards-based savings app for families, to teach teenagers smart money habits. Radius reported it will serve Wallit as a banking partner providing FDIC insurance. Radius Bank reported that… Read More

Radius Bank Teams Up With Mobile Fist API Banking Platform NorthOne For Small Business Checking Account

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Wednesday it has formed a new partnership with NorthOne, a mobile-first, API-enabled banking platform to create small business checking accounts. Radius Bank reported the partnership is the… Read More

Radius Bank Teams Up With MassChallenge FinTech

Fintech

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced last week it has formed a partnership with MassChallenge FinTech, a program matching enterprise-ready fintech startups within industry leaders to bring to market emerging products and services with… Read More

Radius Bank Forms New Partnership With the MoneyPass Network

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, recently formed a new partnership with the MoneyPass network in order to expand its clients’ access to fee-free ATM withdrawals nationwide and increases their ability to deposit cash and checks into their accounts… Read More

Radius Bank Announces New Partnership With Y Combinator-Backed Startup Treasury Prime

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Tuesday it has formed a partnership with Treasury Prime, a Y Combinator-backed startup, to create the Tailored Checking Account, a checking account designed for business owners. According to Radius, Tailored Checking Account… Read More

Radius Bank Debuts Rewards Program with Enhanced Benefits For Loyal Customers

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Tuesday the launch of its new rewards program that offers enhanced benefits, such as increased transaction limits and cash back opportunities, for loyal customers. According to Radius… Read More

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