Radius Bank is a Strategic Acquisition Lending Club went after Radius for a higher purpose: Its APIs and banking-as-a-service business. Significantly enhancing the company’s earnings power while diversifying revenue sources. Deepening customer relationships and generating additional data to add to its market-leading data sets to continually refine the bank’s underwriting algorithms. FDIC Institution Directory. LendingClub has received the regulatory OKs it needs to buy Radius Bancorp less than a year after the deal was announced. At Radius, we put our customers at the center of everything we do. With assets of approximately $1.4 billion, Radius Bank is a forward-thinking virtual bank offering a full complement of leading-edge personal and business products and services. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. I am impressed. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. Radius Bank was founded in August 1987 and is based in Boston, Massachusetts. Radius also provides open APIs to offer white label “banking-as-a-service” (BaaS) functionality including checking accounts, digital onboarding and account management to leading fintech companies. All rights reservedRouting # 211075086. That’s why we focus on providing products and services that are not only convenient but help to make life easier. It is known as a digital leader. LendingClub (NYSE:LC) says it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Radius Bank is classified as a savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS). All banking products provided by LendingClub Bank N.A. *Emails are not inherently secure. The FDIC also offers a directory of financial institutions that provides the primary regulator and other useful information. Earn 1.00% cash back on your signature based purchases. Chat with us online, or reach us by phone or email. They’ve removed the barriers of Life Insurance to provide you with constant coverage in 10 minutes or less. Once completed, the acquisition will combine the strengths of these two digital innovators with complementary businesses to create the first public U.S. neobank, with a digital-first branchless approach to banking that will help even more Americans improve their financial well-being, while also accelerating revenue growth and lowering funding costs for the company. LendingClub has received the regulatory OKs it needs to buy Radius Bancorp less than a year after the deal was announced. Have a question? Radius High-Yield Savings still earns 0.15% APY on balances of $2,500 to $24,999.99. 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. © LendingClub Bank N.A. We are now accepting applications for ‘Second Draw’ PPP Loans for clients who received their original PPP loan from Radius. Whether you’re paying a utility bill or chipping in for a gift, schedule and make payments in Online & Mobile Banking. Misplacing your debit card happens—so does blowing through your budget. In addition, Radius offers deposit, treasury management and lending options for small to medium size businesses and commercial entities, including unions, municipalities, and non-profit organizations. Charged a fee by another bank? LendingClub Acquires Radius Bank. The San Francisco-based online lender said Tuesday that the Federal Reserve Board approved its purchase of Radius, a $2.4 billion-asset bank in Boston. Lending Club’s long-term vision is to become what it … Apply online in minutes and get back to running your business. Growing LendingClub’s member base through a broader set of product offerings, including deposits, that will also leverage the strength of LendingClub’s technology platform and marketing capabilities. Some of the statements above, including statements regarding our ability to close the pending transaction with Radius, the timing and ability to realize certain financial and strategic benefits from the transaction and future products and services, are “forward-looking statements.” The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. We have you covered with the Radius Card app. For more information about LendingClub, visit https://www.lendingclub.com. *Emails are not inherently secure. However, it offers exceptional mobile and online banking services to people from all around the country. Along with being voted Best Online Bank 2020 by Bankrate, Radius has received recognition for … LendingClub has received regulatory approval to acquire Radius Bank. We use 256-bit encryption to ensure that data is protected with the highest level of security. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. We’ve partnered with some of the best financial products available to help you spend, save, and protect your money (and life). © LendingClub Bank N.A. Please verify you are human by typing the text below and clicking submit. The algorithm parameters are: users' rating, number of resolved issues, number of company's responses etc. “This is a transformative acquisition for the company and a watershed moment for the industry as we become the only full-spectrum fintech marketplace bank in the U.S.,” said Scott Sanborn, CEO of LendingClub. LendingClub Receives Regulatory Approvals to Acquire Radius Bancorp. Get industry updates and expert insight from Radius Bank. We’re here to help. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include whether all the closing conditions of the pending acquisition of Radius are satisfied, our ability to realize the anticipated benefits of the transaction with Radius and those factors set forth in the section titled “Risk Factors” in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission, as well as our subsequent filings made with the Securities and Exchange Commission, including subsequent reports on Form 10-Q and 10-K. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. SAN FRANCISCO, January 19th, 2020 — LendingClub Corporation (NYSE:LC), America’s leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp (“Radius”). Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000. Along with being voted Best Online Bank 2020 by Bankrate, Radius has received recognition for its award-winning, branchless digital banking platform that uses state-of-the-art technology to provide a superior banking experience for consumers and small businesses. With Radius Bank, you can make mobile check deposit and receive liberal ATM fee reimbursements. Its platform allows consumers to open accounts in under three minutes and provides convenient features such as early direct deposit, cash back rewards, bill pay, and access to a financial tools marketplace and personal financial management dashboard. Commercial is defined as our Commercial, Institutional, Municipality, API Banking, Escrow, and Cannabis Banking business clients. Radius Bank (formerly First Trade Union Bank) is an online-focused community bank based in Boston, Massachusetts. Commercial is defined as our Commercial, Institutional, Municipality, API Banking, Escrow, and Cannabis Banking business clients. I can tell that they really take pride in their customer service. LendingClub continues to revolutionize the personal loan experience and build on its category-leader position in the fastest growing segment of consumer credit. Please refrain from including personal or confidential information when initiating an email to Radius. The best online bank of 2020 is now even better. SAN FRANCISCO, January 19 th, 2020 — LendingClub Corporation (NYSE:LC), America’s leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp (“Radius”). Their corporate headquarters is listed as: 1 Harbor St, Ste 102 in Boston Massachusetts. The best online bank of 2020 is now even better. LendingClub, which pioneered a marketplace lending model, announced its agreement to purchase the $1.4 billion-asset Radius for $185 million in February. Radius is a leading online bank founded in 1987 and based in Boston, MA, with more than $1.4 billion in diversified assets. Radius Bank A company's rating is calculated using a mathematical algorithm that evaluates the information in your profile. The bank operates as a subsidiary of Radius Bancorp, Inc.. With a 14-year proven record of credit experience and data, the company has now helped more than 3 million mainstream Americans improve their financial health by saving money versus their higher interest credit card debt. Business interest checking with no hidden fees. Earn up to 0.25% APY on balances of $25,000 & up and meet your savings goals faster. Visit our review page to share your opinion on Radius, our Customer Service, or any of our products or services. About Radius Bank With assets of approximately $1.4 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to … Radius is a leading online bank with $2.4 billion in assets and $1.7 billion in deposits. LendingClub has received approval to acquire Radius Bank from the Office of the Comptroller of the Currency, completing one of the last few steps left before it can become a national bank. Rewards Checking. Please refrain from including personal or confidential information when initiating an email to Radius. 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 only full-spectrum fintech marketplace bank. Securely deposit checks into your checking or savings account with just a few taps. Radius Bank has 2 banking locations. Radius is a leading online bank with $2.4 billion in assets and $1.7 billion in deposits. Member FDIC, Equal Housing Lender, Select the down arrow above for more options. Endorse your check with “Mobile Deposit Only” on the back, take a picture, and you’re all set! Radius is one of the fastest growing banks in Massachusetts, and is currently the 39th largest bank headquartered there. Radius Bank charges $25 for each paid or returned item. Turn your debit card on/off, set up custom transaction alerts, and enable location-based restrictions in seconds. Radius Bank assumes no liability for the products, services, content, policies, or security of third party sites. Radius has joined America’s largest personal loan company to offer our members access to fair credit, competitive rates, and the financial tools to help you get out of debt and make the most of your money. 1 spot among online banks for the combination of its mobile banking app, generous ATM fee rebates, its payout on checking and savings accounts and its accessibility. All I have to say is Wow. Radius is a leading online bank with $2.4 billion in assets and $1.7 billion in deposits. Also included in Business are Tailored Checking accounts opened after 11/16/2020. Radius Bank offers lots of tools and features to help you manage your money, including budgeting tools. When you’re ready to pay, open the app, tap your phone to compatible registers and complete your purchase! LendingClub said … Radius Bank is located in Boston and has just one brick-and-mortar location there. Visit the Conference of State Bank Supervisors website for links to state banking departments. 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 Corporation, the online lending marketplace connecting borrowers and investors, has announced that Al Landon, Erin Selleck and it’s CFO, Tom Casey will join as the newest members of its Board of Directors after the acquisition of digital bank Radius Bancorp. Apply Now. Your paycheck will be available as soon as your employer submits their payroll files to the Federal Reserve. That agreement will be in effect for three years. The company expects the acquisition to close on or around … Radius + LendingClub.Better for all our clients.America’s largest personal loan company and best online bank of 2020 are joining forces to offer a more holistic set of innovative, award-winning financial solutions for everyone.Learn MoreVisit LendingClub. Radius Bank was named Best Online Bank of 2020 by Bankrate, thanks to our mobile banking app, unlimited ATM fee rebates, and high interest rates! Set up direct deposit into your Radius account and you’re eligible to receive your money up to two days early. We’ve partnered with Ladder who has reinvented life insurance to be instant, simple, and smart. SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp ("Radius").The company expects the acquisition to close on or around … All rights reservedRouting # 211075086. Enter Code : Radius Bank earned the No. Open an account online in under 3 minutes—right now, wherever you are, on any device! Now earn 1% cash back on your signature based purchases! Earn 1.00% cash back on debit card purchases & get unlimited ATM fee rebates while earning up to 0.15% APY. Radius Bank was named Best Online Bank of 2020 by Bankrate, thanks to our mobile banking app, unlimited ATM fee rebates, and high interest rates! See our latest customer announcements here. I switched from my hometown bank and a credit union that declined in service. Radius Bank First U.S. Fintech to Announce Acquisition of a Bank, Now Poised to Reimagine Banking Enhancing LendingClub's Ability to Ser ve its Members, Grow its Market Opportunity, Increase and Diversif y Earnings, and Provide Resilience and Regulator y Clarity Board Adopts a Temporar y Stockholder Rights Plan to Protect Bank Charter Initiative ... About Radius Bank With assets of approximately $1.6 billion, Radius Bank … At Radius, we’re committed to delivering superior products and services to help our clients meet their financial goals. Since 2007, more than 3 million members have joined the Club to help reach their financial goals. As the only full-spectrum fintech marketplace bank, LendingClub will be able to use our technology and data-driven platform to provide new products and services to our millions of members that will help them both pay less when borrowing and earn more when saving. We want to hear it! State banks are also supervised by state banking regulators. Rewards Checking receives unlimited rebates for any ATM fees you’re charged. Member FDIC, Equal Housing Lender. Apply Now. Have something to say? Below you will find ratings, reviews, corporate information, directions, office hours, their phone number, online banking website, and branch locations. See our latest customer announcements here. ... has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius … Watershed moment for the industry will create the first public U.S. neobank poised to reimagine banking for everyday Americans. What People are Saying About the PPP Program, https://radiusbank.com/lendingclub-receives-regulatory-approvals-to-acquire-radius-bancorp/. The bank will also have to enter into an operating agreement with the regulator within three days after the merger is complete. Don’t quite have $25,000? Information in this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction, Media and Investor ContactsFor Investors: [email protected]Media Contact: [email protected]. LendingClub recently announced its intent to acquire Radius Bank, which is subject to regulatory approval. Get unlimited transactions with no upcharge, free ATMs worldwide, and earn 0.10% APY on balances of $5,000 & up. For many, this means receiving your funds as early as Wednesday on pay week. Radius Bank is an online bank headquartered in Boston. They rebranded and they are now called Radius Bank. The company expects the acquisition to close on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions. The overhauled user experience was the result of the bank’s continued partnership with NYC-based financial technology company Narmi. Select the down arrow above for more options. SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp ("Radius"). 32 reviews of Radius Bank "First of all, it is not called First Trade Union bank anymore. The algorithm is subject to change in future. Visit the FDIC Institution Directory. No documents needed. Big news from LendingClub as they announced that they have received all necessary regulatory approvals to complete their acquisition of Radius Bank. It’s your money—you shouldn’t have to pay to use it. Driven by a fast and frictionless digital experience, LendingClub has facilitated more than $60 billion in loans since launch. Every staff interaction has been positive. Business is defined as small business clients who do not have ACH origination, a Desktop Check Scanner, and / or Positive Pay services. Also included in Business are Tailored Checking accounts opened after 11/16/2020. Don’t worry! Earn 1.00% cash back on debit card purchases & get unlimited ATM fee rebates while earning up to 0.15% APY. America’s largest personal loan company and best online bank of 2020 are joining forces to offer a more holistic set of innovative, award-winning financial solutions for everyone. We are now accepting applications for ‘Second Draw’ PPP Loans for clients who received their original PPP loan from Radius. After the fifth calendar day that you leave your account in the negative, you’ll be charged $5 a day. “The customer benefits of this acquisition are even clearer now that COVID has accelerated Americans’ move to digital banking. Get a free interest checking account that rewards you for keeping a high balance. All banking products provided by LendingClub Bank N.A. You are about to leave Radius Bank's online banking platform By clicking "Proceed", you acknowledge that you are leaving Radius Bank's online banking platform. What People are Saying About the PPP Program, Earn 0.10% APY on balances of $2,500-$99,999.99, Earn 0.15% APY on balances of $100,000 & up, Earn unlimited 1% cash back on debit card purchases, No minimum balance requirement after $100 to open, No monthly maintenance fee for balances over $5,000. There’s also a daily overdraft fee. Compelling strategic and financial benefits of the acquisition also include: LendingClub will provide additional details on the Radius acquisition when it reports earnings for the fourth quarter and full year 2020. Create a budget, track your spending, analyze trends, develop an action plan to pay off debts, and calculate your net worth—all included with personal Online & Mobile Banking. Get industry updates and expert insight from Radius Bank. Business is defined as small business clients who do not have ACH origination, a Desktop Check Scanner, and / or Positive Pay services. Radius Bank is a member of the FDIC and an Equal Housing Lender as well as a member of the NYCE SUM ATM network. Our award-winning virtual banking platform allows you to bank from anywhere with a computer or mobile device. Add your Radius debit card to Apple Pay®, Google Pay™, and Samsung Pay. Get Started. 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