LendingClub Bank started life as Radius Bank in 1987 and transitioned to online-only banking in 2012, closing its brick-and-mortar locations. LendingClub is also a fintech — financial technology — company that offers personal loans online. In 2020, LendingClub acquired Radius and renamed it LendingClub Bank. This acquisition marked the first time a fintech company had purchased a U.S. bank.