LendingClub Bank (NYSE:LC) rebranded as Event Bank. The once marketplace lending platform said the new name marks a “major milestone” in its existence as a digital bank. The label will be released this summer.
LendingClub CEO Scott Sanborn He clarified that the LendingClub label no longer represents Fintech. It is said to highlight the ever-increasing range of banking services that Happen Bank offers to its customers.
The name Happen Bank was designed to signal “action, progress and forward momentum.” “A digital bank built for the motivated middle segment.”
LendingClub Bank has experienced solid growth in loan originations in recent years; 2025 showed 33% growth compared to the previous year. Top revenue reached $999 million in 2025, up 27% from 2024. The company achieved net income of $136 million in 2025; This is more than double the figure in 2024. At the same time, members or users of its products grew at a more measured pace, partly due to the goal of attracting more creditworthy users.
LendingClub’s shares also underperformed the overall market.
