secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001409970-24-000005
Event type: regulatory
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Bank operating agreement with OCC expires on Feb 2, 2024
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- Operating agreement entered in Feb 2021 with OCC upon bank formation has expired per its terms.
- Agreement set operating parameters for LendingClub Bank; expiration removes those constraints.
- No further regulatory restrictions from the agreement are in effect as of Feb 2, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000005/0001409970-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000005/lc-20240202.htm
  HTML page:      https://secwatch.observer/filing/0001409970-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer