LendingClub Announces Transformation of its Board of Directors
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SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ LendingClub Corporation (NYSE: LC), America s leading online lending marketplace connecting borrowers and investors, today announced that Al Landon, Erin Selleck and LendingClub s chief financial officer, Tom Casey, will join as the newest members of its Board of Directors at the completion of the acquisition of digital bank Radius Bancorp ( Radius ), which the company expects to occur on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions.
Simultaneously, Dan Ciporin, former general partner at Canaan Partners, and Ken Denman, former president & chief executive officer of Emotient, have decided to resign from LendingClub s Board of Directors, each effective at the completion of the acquisition of Radius.