Radius Bank

LendingClub Bank Supports Extended Paycheck Protection Program (PPP)

Thursday, April 8, 2021 - 2:00pm

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

Thursday, February 4, 2021 - 2:00pm

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

Monday, February 1, 2021 - 1:30pm

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.

LendingClub Receives Regulatory Approvals to Acquire Radius Bancorp

Tuesday, January 19, 2021 - 11:30am

SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced thatit has now received all the bank regulatory approvals necessary to complete its acquisition ofdigital bank Radius Bancorp ("Radius").

Key Points: 
  • SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced thatit has now received all the bank regulatory approvals necessary to complete its acquisition ofdigital bank Radius Bancorp ("Radius").
  • By combining with Radius, we will create a category-defining experience that will also dramatically enhance the resilience and earnings trajectory of our business."
  • LendingClub will provide additional details on the Radius acquisition when it reports earnings for the fourth quarter and full year 2020.
  • After completing the acquisition of Radius Bancorp, LendingClub Corporation (NYSE: LC) will be the parent company of LendingClub Bank, National Association, Member FDIC, and the onlyfull-spectrumfintech marketplace bank.

Radius Bank Launches Enhanced Online Banking and Mobile App Experience for Small Business Clients

Tuesday, December 15, 2020 - 2:30pm

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.

Key Points: 
  • 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.
  • Following growth and success of the product, the natural next step in Radius technology roadmap was a seamless online and mobile banking experience for their small and medium-sized business (SMB) portfolio.
  • Radius looked to Narmi, one of their partners who played a major role in the Bank receiving Bankrates coveted Best Online Bank award for 2020, to once again deliver an enhanced banking experience for their clients.
  • With the business in mind, Narmis business banking platform puts functionality, intuitiveness and flexibility back into the hands of Radius business customers.

The Salt Lake Tribune Names LendingClub a Winner of The Utah Top Workplaces 2020 Award

Monday, December 14, 2020 - 9:10pm

SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, has been awarded a Top Workplaces 2020 honor by The Salt Lake Tribune.

Key Points: 
  • SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, has been awarded a Top Workplaces 2020 honor by The Salt Lake Tribune.
  • LendingClub opened its doors in Lehi, UT in January 2019 and has rapidly grown the office with over 350 people.
  • LendingClub is the leading provider of unsecured personal loans in the U.S. and is in the process of acquiring Radius Bank .
  • When the acquisition is complete, LendingClub will become the only full-spectrum fintech marketplace bank, and the first public U.S. neobank.

Radius Bank Announces Changes to Executive Leadership Team

Wednesday, December 2, 2020 - 2:30pm

Radius Bank , a forward-thinking digital bank, announced today key organizational changes to its executive leadership team.

Key Points: 
  • Radius Bank , a forward-thinking digital bank, announced today key organizational changes to its executive leadership team.
  • Hunt joined Radius in 2016 when the Bank acquired the equipment leasing division of NewStar Financial, Inc.
  • Brenda Mackey joins Radius as the new Executive Vice President of Institutional Banking and Cash Management.
  • Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.

Western Alliance Bank Hires Diane Gallion to Lead New SBA Enterprise Lending Group

Thursday, August 6, 2020 - 12:03pm

PHOENIX, Aug. 6, 2020 /PRNewswire/ -- Western Alliance Bank , Member FDIC, Equal Housing Lender, today announced the hiring of Diane Gallion to lead its newly formed SBA Enterprise Lending Group.

Key Points: 
  • PHOENIX, Aug. 6, 2020 /PRNewswire/ -- Western Alliance Bank , Member FDIC, Equal Housing Lender, today announced the hiring of Diane Gallion to lead its newly formed SBA Enterprise Lending Group.
  • Gallion has been responsible for developing and growing successful SBA 7(a) loan programs at several regional and national banks and joins Western Alliance Bank from Radius Bank.
  • "I look forward to leading and growing our SBA 7(a) loan program, to help our small business clients grow and create jobs with the goal of becoming one of the top SBA lenders in our markets," said Diane Gallion, who will lead the SBA Enterprise Lending Group from its Phoenix Headquarters.
  • Diane Gallion can be reached at (602) 346-7384, or agallion@westernalliancebank.com
    Western Alliance Bancorporation is one of the country's top-performing banking companies.

BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market under the New Name BM Technologies

Thursday, August 6, 2020 - 2:00pm

BankMobile, named the Most Innovative Bank by LendIt Fintech in 2019, provides an alternative banking experience to the traditional model.

Key Points: 
  • BankMobile, named the Most Innovative Bank by LendIt Fintech in 2019, provides an alternative banking experience to the traditional model.
  • It is focused on technology, innovation, easy-to-use products and education with the mission of being customer-obsessed and creating customers for life.
  • BankMobile Technologies is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank.
  • Customers Bancorp, Inc. is a bank holding company located in West Reading, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank.

BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market under the New Name BM Technologies

Thursday, August 6, 2020 - 2:00pm

BankMobile, named the Most Innovative Bank by LendIt Fintech in 2019, provides an alternative banking experience to the traditional model.

Key Points: 
  • BankMobile, named the Most Innovative Bank by LendIt Fintech in 2019, provides an alternative banking experience to the traditional model.
  • It is focused on technology, innovation, easy-to-use products and education with the mission of being customer-obsessed and creating customers for life.
  • BankMobile Technologies is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank.
  • Customers Bancorp, Inc. is a bank holding company located in West Reading, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank.