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LendingClub Completes Acquisition of Radius Bancorp: Moves Forward with Digital Banking Future
LendingClub (NYSE:LC) has completed the acquisition of
Radius Bancorp, according to a public release.
Scott Sanborn, CEO of LendingClub, issued the following statement:
“This is a historic day for LendingClub and a true watershed moment for the industry. The move to digital-first banking is accelerating, and we are now positioned to capture that trend to grow our membership base, to more deeply engage with our existing 3 million members, and to help them keep more of what they earn and earn more on what they keep. By bringing together the unique assets of these two industry-leading businesses we can build on our history of improving the financial health of everyday Americans while significantly accelerating our growth trajectory.”
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