LendingClub Formally Rebrands as Happen Bank, Completing Shift From P2P Lending to Full-Service Digital Banking

LendingClub began as a P2P lending platform in 2006. It acquired Radius Bank and obtained a banking charter in 2021, gradually expanding into personal loans, checking accounts and high-yield savings. By the end of 2025, it had about $11.6 billion in assets and $9.8 billion in deposits. The rebrand underscores its transformation from a single-product lending platform into a full-service digital bank.

The company announced the name change on April 21, 2026, and formally adopted the Happen Bank brand on June 22. Its parent company was renamed Happen, Inc., while its stock moved from the New York Stock Exchange to Nasdaq and its ticker changed from LC to HAPN. The bank serves more than 5 million members. Personal-loan customers who make on-time payments through LevelUp Checking can receive cash back equal to 2% of their monthly payment.