The company will roll out the new brand this summer across its website, mobile app, marketing and advertising materials, social media and customer communications, it said in a Wednesday (April 22) press release.
“The LendingClub name no longer fits with everything we offer today,” CEO Scott Sandborn said in the release. “The Happen Bank brand reflects both our expanded banking capabilities and our core mission: to clear the way for people going places.”
The name “Happen Bank” is meant to signal action, progress and forward momentum, according to the release.
The bank offers lending and banking products, decisions in minutes and transparent terms, per the release.
“This isn’t just a name change — it’s a recognition of who we’ve become,” Sanborn said in the release. “Happen Bank reflects our commitment to helping members turn intention into action and achieve meaningful financial progress.”
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LendingClub said in January that a growing portion of its lending activity is now tied to its savings and checking offerings, LevelUp, which management positioned as an entry point for repeat engagement.
During a Jan. 28 earnings call, Sanborn said LevelUp Savings was growing at double-digit rates and generating 20% to 30% more monthly logins than the company’s legacy savings products. LevelUp Checking also grew at a double-digit pace, with 60% of new accounts coming from personal loan borrowers.
“Borrowers who have paid off their loans are using the product to build a financial cushion,” Sanborn said during the call.
PYMNTS reported in August 2025 that LendingClub began as a peer-to-peer lending platform in 2006 before acquiring Radius Bank in 2020.
In that report, Sanborn told PYMNTS CEO Karen Webster that the bank acquisition was a key strategic move to empower consumers to make what he called “smart financial decisions” and transform the company’s operations into a comprehensive financial ecosystem.
Speaking of LevelUp Checking and LevelUp Savings, Sanborn said: “These offerings are good for the consumer, better than the competition, and best when they’re used together,” referring to the company’s integrated approach across checking, savings and lending products.
