LendingClub discloses $21M SVB deposit exposure, deems it not material to liquidity or capital

LendingClub Corp

Silicon Valley Bank put under FDIC control on March 10, 2023; LendingClub has $21M on deposit.
LendingClub total assets $8B; $21M deposit not material to liquidity, capital, or ongoing operations.
Recovery of deposited funds will be subject to FDIC resolution process.

item 8.01

LendingClub Corp filing history →

Source: SEC EDGAR

accession 0001409970-23-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.