LendingClub Acquires Radius Bancorp (Radius Bank)

February 1, 2021

LendingClub Corporation completed the acquisition of Radius Bancorp, Inc. and its digital banking subsidiary Radius Bank, combining LendingClub’s online lending marketplace with Radius’s award-winning digital deposit and banking-as-a-service platform. The transaction (announced in February 2020 and closed in February 2021) gives LendingClub a full-spectrum fintech marketplace bank, expands low-cost deposit funding sources, and enhances the company’s ability to offer integrated banking products and BaaS capabilities.

Buyers
LendingClub Corporation
Targets
Radius Bancorp, Inc., Radius Bank
Sellers
Radius Bancorp shareholders
Location
Massachusetts, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.