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.
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.
Michael Butler, the former head of Boston-based Radius Bank, will be the next leader of Grasshopper Bank, a New York-based de novo.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
When Holyoke-based PeoplesBank launched a digital-only bank earlier this year, it wanted to find customers – not in its local market, but in Alaska and Wisconsin.
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.
By combining with a bank, LendingClub will get both a path for more growth and something many fintechs want, but have a hard time acquiring: a bank charter.
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.
From large corporations to startups and bricks and mortar stores, companies are looking to banks for products and services that help ease the way they do business. To meet that demand, banks are turning to fintechs and even input from the public to reinvent their services.
Boston-based online lender Radius Bank is expanding its digital marketplace to include life insurance offerings through the insurtech Ladder.
Radius Bank has partnered with MassChallenge FinTech to further its support for the fintech community.
Radius Bank is reversing course on a prior decision to switch charters.
The almost entirely virtual Radius Bank has partnered with another fintech to enhance and relaunch its online banking platform and mobile app.
In an interesting move for a bank that seeks to have a national presence, Radius Bank has filed to change charters.
Earlier this month, organizations and stakeholders from across the finance ecosystem came together for Boston Fintech Week, a volunteer-led, grassroots effort that put together 35 free events in Downtown Boston.
After more than 20 years at State Street Corp., David Granese was hired this past March to head institutional banking at Radius Bank, a 30-year-old enterprise that began as a community bank owned by the Carpenters Union, currently with $1.1 billion assets under management.