---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-23-000016"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:20:41.918568+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001409970-23-000016
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997023000016/0001409970-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997023000016/lc-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-23-000016
- JSON: https://secwatch.observer/filing/0001409970-23-000016.json
- Plain text: https://secwatch.observer/filing/0001409970-23-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.