Radius Bank

ZenBusiness Names Industry Veteran Sameer Gulati President of Fintech

Retrieved on: 
Tuesday, April 12, 2022
Professional Services, Small Business, Technology, Software, Finance, Banking, Accounting, CEO, McKinsey & Company, Board, Gulati, MBA, Partner, Professional corporation, Engineering, COO, Radius Bank, Indian Institute of Technology (BHU) Varanasi, LC, Chicago (franchise), Science and technology in Asia, Zen, NYSE, Loan, University, LendingClub, Acquisition, Institute, Management, Technology, Financial technology, AI

ZenBusiness , the only one-stop guided platform to help entrepreneurs launch, run, and grow a successful business, today announced the addition of financial services and technology leader Sameer Gulati as President of Fintech.

Key Points: 
  • ZenBusiness , the only one-stop guided platform to help entrepreneurs launch, run, and grow a successful business, today announced the addition of financial services and technology leader Sameer Gulati as President of Fintech.
  • Gulati will oversee the build, commercialization, and scaling of the company's fintech offerings to power the next generation of entrepreneurs.
  • We are absolutely thrilled to have a well-respected fintech expert like Sameer join the ZenBusiness executive team.
  • Starting and running a business is exciting, but also extremely stressful, and those who start this journey need a guiding hand along the way, said Sameer Gulati, President, Fintech at ZenBusiness.

Clarus Capital, a New Commercial Finance Company, Launches with $300 Million Commitment from BharCap Partners

Retrieved on: 
Wednesday, December 15, 2021
Technology, Solution, Controller, Market for corporate control, Company, Insurance, FleetBoston Financial, Board, Citibank, K&L Gates, MUFG, IPO, Association of Corporate Treasurers, Sale, Industry, Public expenditure, United, Acquisition, CFA, LLC, First Eagle Investment Management, Health, Corporate finance, View, Aetna, Management, Corporation, Transport, Head of Administration, Capital, Investment, Multimedia, Founder, Risk management, Partnership, NuSTAR, Accounting, Capital market, Eastern Bank Ltd (Bangladesh), Radius Bank, AT, Financial services, Security (finance), Bank

Tim Conway, Chairman, has more than 30 years of experience building and leading alternative credit and wholesale banking institutions.

Key Points: 
  • Tim Conway, Chairman, has more than 30 years of experience building and leading alternative credit and wholesale banking institutions.
  • Clarus Capital is backed by BharCap Partners, a private investment firm led by Bharath Srikrishnan which makes private equity and credit investments in the financial services industry.
  • BharCap has access to a long duration capital base which enabled its long-term commitment to Clarus.
  • Hovde Group served as exclusive financial advisor to Clarus Capital.K&L Gates provided legal counsel to Clarus Capital.

LendingClub Sued by Minority-Owned Business For Alleged 'Predatory and Deceptive Practices that Violate M.G.L. c.93A'

Retrieved on: 
Wednesday, July 28, 2021
LendingClub, Radius Bank, Service companies, Companies

The facts as set forth in the complaint are as follows: LendingClub acquired Radius Bank in 2020, Radius Bank held the account of OLL.

Key Points: 
  • The facts as set forth in the complaint are as follows: LendingClub acquired Radius Bank in 2020, Radius Bank held the account of OLL.
  • The lack of response prompted OLL to file suit against LendingClub Corporation, d/b/a Radius Bank.
  • There has been no transparency, accountability, or apology for their lack of professionalism, customer care, and poor business practices.
  • OLL is seeking damages for the return of the misappropriated funds, unjust treatment and disruption of business in their ongoing legal battle with the bank.

Mechanics Bank Announces $165 million Aggregate Special Dividend

Retrieved on: 
Saturday, July 24, 2021
Banking, Professional services, Finance, Bank, Economic history of Italy, Federal Deposit Insurance Corporation, Federal government of the United States, Government, Finance, Liberty Bell Bank, Radius Bank

Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a special cash dividend, representing $2,569 per common share, payable on August 5, 2021 to all common stockholders of record as of the close of business on August 2, 2021.

Key Points: 
  • Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a special cash dividend, representing $2,569 per common share, payable on August 5, 2021 to all common stockholders of record as of the close of business on August 2, 2021.
  • Mechanics Bank is an independent, full-service community bank headquartered in Walnut Creek, California, with approximately $19 billion in assets, a best-in-class deposit franchise and 123 branches.
  • Mechanics Bank provides a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, investment and wealth management services.
  • Mechanics Bank is a Member FDIC institution and Equal Housing Lender.

Treasury Prime Announces Two Senior Leadership Hires

Retrieved on: 
Wednesday, June 16, 2021
Radius Bank, HM Treasury, PacWest Bancorp, Banks, Companies, Finance

"Attracting exceptional talent like Marty and Jeff is key to Treasury Prime's success," said Chris Dean, Co-founder and CEO, Treasury Prime.

Key Points: 
  • "Attracting exceptional talent like Marty and Jeff is key to Treasury Prime's success," said Chris Dean, Co-founder and CEO, Treasury Prime.
  • There his focus was to build a market leading banking experience for the digital asset and BaaS communities in partnership with Treasury Prime.
  • Radius Bank was recently acquired by Lending Club and remains a valued partner in the Treasury Prime bank network.
  • Treasury Prime is backed by Deciens Capital, Nyca Partners, Pacific Western Bank, QED Investors, SaaStr Fund, Susa Ventures, and Y Combinator.

Customers Bank Ramps Up National Expansion

Retrieved on: 
Tuesday, May 11, 2021
Small business, Banking, Professional services, Finance, Finance, Financial services, Money, Banking, Cash flow, Cash management, Financial management, Working capital management, Ocean Bank, Bank, PacWest Bancorp, Radius Bank

b'Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets that provides exceptional banking experiences to consumer and commercial clients, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion.

Key Points: 
  • b'Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets that provides exceptional banking experiences to consumer and commercial clients, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion.
  • Buck will rely on the extensive relationships he has built within the region throughout his 20-year career working for regional and community banking institutions.
  • The bank also offers wire transfers, electronic bill payment, lockbox, remote deposit capture, courier services, merchant processing, cash vault, controlled disbursements, positive pay services and more.
  • The cash management services include account reconciliation, collections and sweep accounts.\nTo learn more about Customers Bank and its products and services, visit www.customersbank.com .\nCustomers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at March 31, 2021.

F.N.B. Corporation's Banking Subsidiary Recognized as a Top Workplace in South Carolina

Retrieved on: 
Monday, May 3, 2021
Online banks, Finance, Economic history of Italy, Banks, Service industries, ING Australia, Radius Bank, Texas Capital Bank

Corporation (NYSE: FNB), announced that it has been named a 2021 South Carolina Top Workplace based on employee feedback.

Key Points: 
  • Corporation (NYSE: FNB), announced that it has been named a 2021 South Carolina Top Workplace based on employee feedback.
  • "\nFNB maintains a significant commercial banking and wealth management presence in South Carolina along with a retail network serving Charleston, York and Cherokee counties.
  • Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing.
  • The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.

LendingClub Bank Supports Extended Paycheck Protection Program (PPP)

Retrieved on: 
Thursday, April 8, 2021
LendingClub, Radius Bank, Service companies, Companies, Paycheck Protection Program, Federal government of the United States, Federal Deposit Insurance Corporation

With the program extending, LendingClub Bank, National Association ("LendingClub Bank"), will continue to support small and medium-sized businesses (SMBs) with access to more PPP loans through its predecessor in interest Radius Bank ("Radius").

Key Points: 
  • With the program extending, LendingClub Bank, National Association ("LendingClub Bank"), will continue to support small and medium-sized businesses (SMBs) with access to more PPP loans through its predecessor in interest Radius Bank ("Radius").
  • In recognition of this program, Celent announced Radius as the winner of the Celent model bank 2021 award for client innovation during the pandemic for its PPP program.
  • Now that Radius is a part of LendingClub, LendingClub Bank will continue to support PPP loans to those that need it most.
  • LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC.

Pacific Western Bank Selects Treasury Prime as Banking as a Service Provider

Retrieved on: 
Thursday, February 4, 2021
Finance, Economy, Money, Financial markets, Financial services, PacWest Bancorp, Banking as a Service, Financial technology, HM Treasury, ING Group, Bank, Radius Bank

SAN FRANCISCO, Feb. 4, 2021 /PRNewswire/ --Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Pacific Western Bank has chosen Treasury Prime as its technology provider to modernize its banking stack.

Key Points: 
  • SAN FRANCISCO, Feb. 4, 2021 /PRNewswire/ --Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Pacific Western Bank has chosen Treasury Prime as its technology provider to modernize its banking stack.
  • Working with Treasury Prime, Pacific Western Bank will be able to offer API access to its banking systems as well as a digital platform for clients like fintech companies that want to embed banking services into their applications.
  • "Pacific Western Bank, through its various business lines including its Venture Banking group, provides banking solutions to leading innovative companies across the country," said Mark Yung, Chief Operating Officer, Pacific Western Bank.
  • "Treasury Prime works with the most innovative, forward-looking banks and we're proud to have been chosen by Pacific Western Bank to help them build their API strategy," said Chris Dean, co-founder and CEO of Treasury Prime.

LendingClub Closes Acquisition of Radius Bancorp

Retrieved on: 
Monday, February 1, 2021
Regions of the United States, Finance, Service companies, LendingClub, Radius Bank, U.S. Bancorp, New York Stock Exchange

SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) today announced the completion of its acquisition of Radius Bancorp, Inc. and its digital bank subsidiary, Radius Bank ("Radius").

Key Points: 
  • SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) today announced the completion of its acquisition of Radius Bancorp, Inc. and its digital bank subsidiary, Radius Bank ("Radius").
  • "This is a historic day for LendingClub and a true watershed moment for the industry," said Scott Sanborn, CEO of LendingClub.
  • LendingClub will provide additional details on the Radius acquisition when it reports earnings for the fourth quarter and full year 2020.
  • LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC.