In the very first fintech takeover of a regulated US bank, LendingClub has purchased Radius Bank for a cool $185 million. According to CNBC, Lending Club is buying Radius Bank to get access to a stable and cheaper source of funding. The former will buy the latter in a cash and stock. Boston-based Radius Bancorp … Continue reading “LendingClub Purchases Radius Bank for $185 Million”
