LendingClub becomes first fintech-turned-bank

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LendingClub becomes first fintech-turned-bank

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Bank building in a business area | Alberto Grosescu/agcreativelab - stock.adobe.com

Online lender LendingClub successfully passed all the regulatory hoops required to acquire Radius Bank, the company said on Tuesday morning, making it the first public US neobank. The deal will officially close on February 1.

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