LendingClub in San Francisco plans to rename its bank.
The fintech said in a press release that it will rebrand LendingClub Bank as Happen Bank.
The new brand, which will debut this summer, reflects LendingClub’s transition “from a pioneering online lender to a diversified digital-first bank that combines lending and deposits in an intuitive multi-product customer experience,” the release said.
“The LendingClub name no longer fits with everything we offer today,” CEO Scott Sanborn said in the release. The new brand “reflects both our expanded banking capabilities and our core mission: to clear the way for people going places.”