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LendingClub (LC) Reports Acquisition of Radius Bank for $185M

February 18, 2020 4:45 PM EST

LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, today announced that it has signed a definitive agreement to acquire Radius Bancorp, and its wholly owned subsidiary Radius Bank, (together "Radius") recently voted the nation's best online bank1 in a cash and stock transaction valued at $185 million. Combining Radius and LendingClub will create a digitally native marketplace... More