LendingClub buys Radius Bank for $185 million in first fintech takeover of a regulated US bank
Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York.
Don Emmert | AFP | Getty Images
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.
LendingClub is paying $185 million in cash and stock for Radius…
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