Why LendingClub Shareholders Were Celebrating New Year's Early on Thursday
This is how to bring a year to a thundering close: On the last day of 2020, shares of fintech company LendingClub (NYSE: LC) shot 26% higher following some excellent news from a regulator announced earlier on Thursday.
The Office of the Comptroller of the Currency (OCC) has approved LendingClub's acquisition of Radius Bancorp, a Boston-based online bank operator, in a $185 million cash-and-stock deal originally announced in February 2020.
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Source Fool.com
