LendingClub to acquire Radius Bank for $185m.

LendingClub, America's largest online lending marketplace, agreed to acquire Radius Bank, an online focused community bank based in Boston, Massachusetts, for $185m. "This is a transformational transaction that allows us to reimagine banking in a way that is free from legacy practices and systems and where the success of LendingClub is aligned with the success of our customers. By combining with Radius, we will create a category-defining experience for our members that will dramatically enhance the resilience and earnings trajectory of our business," Scott Sanborn, LendingClub CEO.