Tag : regional banking

LendingClub Acquires $1 Billion Personal Loan Portfolio
Banking Finance News

LendingClub Acquires $1 Billion Personal Loan Portfolio

Fintech News Desk
by Fintech News Desk0
Seasoned, Quality Portfolio to Support Growth in Recurring Revenue LendingClub Corporation announced an agreement to acquire a $1.05 billion loan portfolio. The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income. The personal loans were previously acquired by......
Regional Banking in 2022
Banking Guest Posts

The Industry Consolidation Trend and What This Means for Regional Banking in 2022

Shawn Conahan
by Shawn Conahan0
The banking industry is experiencing an unprecedented transformation. With 3,000 new fintechs and neobanks shaking up the traditional banking system, what does this mean for consumers and the financial services industry? These new banks may not be stealing large swaths of customer share from the Citibanks and Chases of the......
Cadence Bank and NCRC Announce $20.7 Billion Community Benefits Plan
Banking Lending News

Cadence Bank and NCRC Announce $20.7 Billion Community Benefits Plan

Fintech News Desk
by Fintech News Desk0
Cadence Bank announced its 2022-2026 Community Benefits Plan—developed in collaboration with the National Community Reinvestment Coalition (NCRC)—building on its longstanding commitment to support traditionally underserved communities, including low- and moderate-income (LMI) neighborhoods, people of color, and small businesses. The $20.7 billion five-year plan includes provision for mortgage lending, small business lending,......
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