Company Information

Get to know Radius Bank

Originally founded in 1987 as First Trade Union Bank, the company rebranded to Radius Bank in 2014 to reflect its nationwide, digital-first banking model. It was a forward-thinking, branchless bank based in Boston, Massachusetts, known for its innovative technology, free high-yield checking accounts, and partnerships with fintech companies. On February 1, 2021, LendingClub, a leading personal loan marketplace, completed its acquisition of Radius Bank, which was subsequently renamed LendingClub Bank, National Association. All Radius Bank accounts and services now operate under the LendingClub Bank brand.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Payment

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Radius Bank

United States

Founded in

1987 (39 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.