All banking products provided by LendingClub Bank N.A. Earn 1.00% cash back on debit card purchases & get unlimited ATM fee rebates while earning up to 0.15% APY. The company expects the acquisition to close on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions. Member FDIC, Equal Housing Lender, Select the down arrow above for more options. SAN FRANCISCO, January 19 th, 2020 — LendingClub Corporation (NYSE:LC), America’s leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp (“Radius”). Radius Bank is an online bank headquartered in Boston. The overhauled user experience was the result of the bank’s continued partnership with NYC-based financial technology company Narmi. They rebranded and they are now called Radius Bank. With assets of approximately $1.4 billion, Radius Bank is a forward-thinking virtual bank offering a full complement of leading-edge personal and business products and services. Big news from LendingClub as they announced that they have received all necessary regulatory approvals to complete their acquisition of Radius Bank. At Radius, we’re committed to delivering superior products and services to help our clients meet their financial goals. No documents needed. Endorse your check with “Mobile Deposit Only” on the back, take a picture, and you’re all set! Enter Code : Now earn 1% cash back on your signature based purchases! Apply Now. We’ve partnered with some of the best financial products available to help you spend, save, and protect your money (and life). It is known as a digital leader. Information in this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction, Media and Investor ContactsFor Investors: [email protected]Media Contact: [email protected]. Radius Bank earned the No. LendingClub has received the regulatory OKs it needs to buy Radius Bancorp less than a year after the deal was announced. Turn your debit card on/off, set up custom transaction alerts, and enable location-based restrictions in seconds. Visit our review page to share your opinion on Radius, our Customer Service, or any of our products or services. LendingClub said … Radius Bank charges $25 for each paid or returned item. Radius Bank, a forward-thinking digital bank, announced today the recent launch of its enhanced online business banking platform and mobile app for small business clients. Our award-winning virtual banking platform allows you to bank from anywhere with a computer or mobile device. By combining with Radius, we will create a category-defining experience that will also dramatically enhance the resilience and earnings trajectory of our business.”. Radius is a leading online bank with $2.4 billion in assets and $1.7 billion in deposits. Driven by a fast and frictionless digital experience, LendingClub has facilitated more than $60 billion in loans since launch. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp ("Radius"). Radius Bank (formerly First Trade Union Bank) is an online-focused community bank based in Boston, Massachusetts. See our latest customer announcements here. Get unlimited transactions with no upcharge, free ATMs worldwide, and earn 0.10% APY on balances of $5,000 & up. About Radius Bank With assets of approximately $1.4 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to … LendingClub has received regulatory approval to acquire Radius Bank. Visit the FDIC Institution Directory. The algorithm is subject to change in future. LendingClub Corporation, the online lending marketplace connecting borrowers and investors, has announced that Al Landon, Erin Selleck and it’s CFO, Tom Casey will join as the newest members of its Board of Directors after the acquisition of digital bank Radius Bancorp. Apply Now. Once completed, the acquisition will combine the strengths of these two digital innovators with complementary businesses to create the first public U.S. neobank, with a digital-first branchless approach to banking that will help even more Americans improve their financial well-being, while also accelerating revenue growth and lowering funding costs for the company. America’s largest personal loan company and best online bank of 2020 are joining forces to offer a more holistic set of innovative, award-winning financial solutions for everyone. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include whether all the closing conditions of the pending acquisition of Radius are satisfied, our ability to realize the anticipated benefits of the transaction with Radius and those factors set forth in the section titled “Risk Factors” in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission, as well as our subsequent filings made with the Securities and Exchange Commission, including subsequent reports on Form 10-Q and 10-K. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. ... About Radius Bank With assets of approximately $1.6 billion, Radius Bank … Apply online in minutes and get back to running your business. Chat with us online, or reach us by phone or email. Below you will find ratings, reviews, corporate information, directions, office hours, their phone number, online banking website, and branch locations. It’s your money—you shouldn’t have to pay to use it. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. LendingClub Acquires Radius Bank. LendingClub, which pioneered a marketplace lending model, announced its agreement to purchase the $1.4 billion-asset Radius for $185 million in February. As the only full-spectrum fintech marketplace bank, LendingClub will be able to use our technology and data-driven platform to provide new products and services to our millions of members that will help them both pay less when borrowing and earn more when saving. All I have to say is Wow. We’re here to help. Select the down arrow above for more options. Business interest checking with no hidden fees. Also included in Business are Tailored Checking accounts opened after 11/16/2020. LendingClub has received the regulatory OKs it needs to buy Radius Bancorp less than a year after the deal was announced. There’s also a daily overdraft fee. Compelling strategic and financial benefits of the acquisition also include: LendingClub will provide additional details on the Radius acquisition when it reports earnings for the fourth quarter and full year 2020. Visit the Conference of State Bank Supervisors website for links to state banking departments. Radius has joined America’s largest personal loan company to offer our members access to fair credit, competitive rates, and the financial tools to help you get out of debt and make the most of your money. Please refrain from including personal or confidential information when initiating an email to Radius. Commercial is defined as our Commercial, Institutional, Municipality, API Banking, Escrow, and Cannabis Banking business clients. The bank will also have to enter into an operating agreement with the regulator within three days after the merger is complete. Earn 1.00% cash back on your signature based purchases. After the fifth calendar day that you leave your account in the negative, you’ll be charged $5 a day. I can tell that they really take pride in their customer service. Radius Bank offers lots of tools and features to help you manage your money, including budgeting tools. Don’t worry! Their corporate headquarters is listed as: 1 Harbor St, Ste 102 in Boston Massachusetts. We have you covered with the Radius Card app. SAN FRANCISCO, January 19th, 2020 — LendingClub Corporation (NYSE:LC), America’s leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp (“Radius”). Radius + LendingClub.Better for all our clients.America’s largest personal loan company and best online bank of 2020 are joining forces to offer a more holistic set of innovative, award-winning financial solutions for everyone.Learn MoreVisit LendingClub. Commercial is defined as our Commercial, Institutional, Municipality, API Banking, Escrow, and Cannabis Banking business clients. Have something to say? Rewards Checking. We use 256-bit encryption to ensure that data is protected with the highest level of security. Radius is a leading online bank founded in 1987 and based in Boston, MA, with more than $1.4 billion in diversified assets. Radius Bank is a Strategic Acquisition Lending Club went after Radius for a higher purpose: Its APIs and banking-as-a-service business. They’ve removed the barriers of Life Insurance to provide you with constant coverage in 10 minutes or less. See our latest customer announcements here. Along with being voted Best Online Bank 2020 by Bankrate, Radius has received recognition for its award-winning, branchless digital banking platform that uses state-of-the-art technology to provide a superior banking experience for consumers and small businesses. LendingClub continues to revolutionize the personal loan experience and build on its category-leader position in the fastest growing segment of consumer credit. Rewards Checking receives unlimited rebates for any ATM fees you’re charged. At Radius, we put our customers at the center of everything we do. Open an account online in under 3 minutes—right now, wherever you are, on any device! 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