LendingClub / Radius Bank 2021

LendingClub acquired Radius Bancorp for $185M on February 18, 2020.

Target

Radius Bancorp

Acquirer

LendingClub

Deal value

$185M

Deal type

Mixed

Announced

February 18, 2020

Sub-sector

Lending

LendingClub becomes the first US fintech to acquire a regulated bank, converting its marketplace lender into a full-spectrum digital bank.

Deal value

$185M

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

February 18, 2020

Close date

February 1, 2021

Acquirer

LendingClub (Strategic)

Target HQ

United States

Deal type

Mixed

Sub-sector

Lending

Source: ir.lendingclub.com