LendingClub is acquiring Boston-based online bank Radius Bancorp in a deal valued at $185M, making it the first US fintech company to acquire a bank (Hugh Son/CNBC)
LendingClub is acquiring Boston-based online bank Radius Bancorp in a deal valued at $185M, making it the first US fintech company to acquire a bank — - LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source of funding, CNBC has learned.
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