LendingClub Discontinues Some Legacy Radius Services
Nearly a year after LendingClub acquired Boston-based Radius Bank and its bank charter, the company has decided to discontinue some of Radius’ niche products and services.
Former Radius Bank CEO to Lead Grasshopper Bank
Michael Butler, the former head of Boston-based Radius Bank, will be the next leader of Grasshopper Bank, a New York-based de novo.
LendingClub Woes Won’t Impact on Radius Deal
Boston-based Radius Bank plans to move forward with the acquisition by LendingClub despite the California-based fintech’s reorganization this week due to the effects of the coronavirus pandemic.
LendingClub to Acquire Radius Bank
LendingClub, the San Francisco-based fintech providing personal loans, has signed a definitive to acquire Boston-based Radius Bank in a cash and stock transaction valued at $185 million.
LendingClub Stock Price Plunges
Shares of LendingClub continued to perform poorly yesterday, falling more than 22 percent and reaching $3.29 at one point, an all time low for the online lender, according to Reuters.
