[Federal Register Volume 85, Number 195 (Wednesday, October 7, 2020)]
[Notices]
[Page 63276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22092]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The public portions of the applications listed below, as well as 
other related filings required by the Board, if any, are available for 
immediate inspection at the Federal Reserve Bank(s) indicated below and 
at the offices of the Board of Governors. This information may also be 
obtained on an expedited basis, upon request, by contacting the 
appropriate Federal Reserve Bank and from the Board's Freedom of 
Information Office at https://www.federalreserve.gov/foia/request.htm. 
Interested persons may express their views in writing on the standards 
enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also 
involves the acquisition of a nonbanking company, the review also 
includes whether the acquisition of the nonbanking company complies 
with the standards in section 4 of the BHC Act (12 U.S.C. 1843), and 
interested persons may express their views in writing on the standards 
enumerated in section 4. Unless otherwise noted, nonbanking activities 
will be conducted throughout the United States.
    Comments regarding each of these applications must be received at 
the Reserve Bank indicated or the offices of the Board of Governors, 
Ann E. Misback, Secretary of the Board, 20th Street and Constitution 
Avenue NW, Washington DC 20551-0001, not later than November 5, 2020.
    A. Federal Reserve Bank of San Francisco (Sebastian Astrada, 
Director, Applications) 101 Market Street, San Francisco, California 
94105-1579:
    1. LendingClub Corporation, San Francisco, California; to become a 
bank holding company by acquiring voting shares of Radius Bancorp, 
Inc., and thereby indirectly acquire voting shares of Radius Bank, both 
of Boston, Massachusetts, upon Radius Bank's conversion from a federal 
savings bank to a national bank.
    In connection with this application, LendingClub Corporation, 
directly and through its wholly-owned subsidiaries, LendingClub 
Warehouse I, LLC, LendingClub Warehouse II, LLC, and Consumer Loan 
Underlying Bond Depositor, LLC, all of San Francisco, California, to 
engage de novo in extending credit and servicing loans and activities 
related to extending credit pursuant to Sec.  225.28(b)(1) and (b)(2) 
of Regulation Y, respectively. In addition, LendingClub Corporation to 
engage de novo in data processing activities pursuant to Sec.  
225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 1, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-22092 Filed 10-6-20; 8:45 am]
BILLING CODE 6210-01-P