# EDGAR Filing Document

**Accession Number:** 0001409970
**File Stem:** 0001409970-23-000016
**Filing Date:** 2023-3
**Character Count:** 6220
**Document Hash:** 6e690c405724d3f7eceb21c84d8d828a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001409970-23-000016.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001409970-23-000016

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230310

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LendingClub Corp
- **CENTRAL INDEX KEY:** 0001409970
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36771
- **FILM NUMBER:** 23724483

**BUSINESS ADDRESS:**
- **STREET 1:** 595 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 415-632-5600

**MAIL ADDRESS:**
- **STREET 1:** 595 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

?xml version="1.0" ? lc-20230310

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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| | |
|:---|:---|
| **FORM** | **8-K** |

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| |
|:---|
| **CURRENT REPORT** |
| **Pursuant to Section 13 or 15(d)<br>of the Securities Exchange Act of 1934** |

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**Date of Report (Date of earliest event reported): March 10, 2023**

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| |
|:---|
| **LendingClub Corporation** |
| (Exact name of registrant as specified in its charter) |

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**Commission File Number: 001-36771**

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| | |
|:---|:---|
| **Delaware** | **51-0605731** |
| (State or other jurisdiction of<br>incorporation or organization) | (I.R.S. Employer<br>Identification No.) |

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| | | |
|:---|:---|:---|
| **595 Market Street, Suite 200,** | **595 Market Street, Suite 200,** | **595 Market Street, Suite 200,** |
| **San Francisco,** | **CA** | **94105** |
| (Address of principal executive offices and zip code) | (Address of principal executive offices and zip code) | (Address of principal executive offices and zip code) |

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Registrant's telephone number, including area code: 415 632-5600

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol</u> | <u>Name of each exchange on which registered</u> |
| Common stock, par value $0.01 per share | LC | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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| | |
|:---|:---|
| Emerging growth company | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |

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|:---|:---|
| **Item 8.01** | **Other Events** |

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On March 10, 2023, Silicon Valley Bank ("SVB") was put under control of the Federal Deposit Insurance Corporation (the "FDIC"). LendingClub Corporation (the "Company") is a bank holding company with $8 billion of total assets as of February 28, 2023. LendingClub's relationship with SVB is limited to funds on deposit of $21 million, which amount is not material to the Company's liquidity position or capital levels, and does not pose a risk to the Company's ongoing business or operations. The recovery of the funds will be subject to the FDIC process.

**<u>Safe Harbor Statement</u>**

Some of the statements above, including statements regarding the process for recovering funds on deposit with SVB, are "forward-looking statements." The words "anticipate," "believe," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to recover the funds on deposit with SVB through the FDIC process and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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**SIGNATURE(S)**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | **LendingClub Corporation** | **LendingClub Corporation** |
| Date: | March 10, 2023 | By: | /s/ Brandon Pace |
|  |  |  | Brandon Pace |
|  |  |  | Chief Administrative Officer and Secretary |
|  |  |  | (duly authorized officer) |

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