LendingClub Acquisition Could Spur More Deals

LendingClub’s announced acquisition of Radius Bank could be the beginning of a market trend that sees more fintech firms buying banks; “Once companies like LendingClub reach a certain size, more of them are going to diversify and will want the profitability that deposits provide,” said James Bradshaw, an Analyst at Bridge City Capital, to American Banker; the deal also allows LendingClub to gain a bank charter and end their relationship with WebBank which will result in significant savings; there is no guarantees with the deal as the regulatory hurdle could make fellow fintechs wary of a potential acquisition; “We’ll see more of these,” said Ron Shevlin, Research Director at Cornerstone Advisors, to American Banker. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.