LendingClub Officially Becomes Happen Bank, Marking a New Chapter for the Digital-First Bank

Rhea-AI Summary

Happen (Nasdaq:HAPN), formerly LendingClub, announced the official launch of the Happen Bank brand, a digital-first bank focused on helping members “make more happen” with their money.

The company also began trading on Nasdaq under the new HAPN ticker and confirmed all existing accounts remain unchanged.

Market Context

This announcement marks Happen Bank’s transition to Nasdaq ticker HAPN and a refreshed digital-first...

Analysis

This announcement marks Happen Bank’s transition to Nasdaq ticker HAPN and a refreshed digital-first brand, emphasizing rewards such as 2% cash back and higher-yield savings. Key watchpoints include customer adoption, product profitability, and brand execution over time.

Key Figures

Cash-back rate: 2% of monthly payment Savings contribution threshold: $250 per month APY comparison: More than 10 times national average APY +5 more

8 metrics

Cash-back rate 2% of monthly payment On-time personal loan payments from LevelUp Checking

Savings contribution threshold $250 per month Monthly contribution to LevelUp Savings to qualify for higher APY

APY comparison More than 10 times national average APY LevelUp Savings for members meeting $250 monthly contribution

Opening Bell time (ET) 9:30 a.m. ET Nasdaq Opening Bell for Happen Bank launch

Opening Bell time (PT) 6:30 a.m. PT Nasdaq Opening Bell local time reference

Opening Bell date June 30, 2026 Nasdaq MarketSite bell-ringing for brand launch

Launch date June 22, 2026 Official launch of Happen Bank brand and HAPN trading

Ticker symbol HAPN Nasdaq listing for Happen, Inc.

Key Terms

ticker symbol, apy, fdic-insured, nasdaq

4 terms

ticker symbol financial

"Begins trading on Nasdaq under the ticker symbol "HAPN""

A ticker symbol is a short, unique code of letters or characters that identifies a publicly traded security on an exchange — like a car’s license plate or a person’s nickname for the market. Investors use ticker symbols to look up live prices, place trades, and follow news; using the correct symbol makes sure you’re tracking or buying the intended stock, bond, or fund and helps avoid costly mix-ups.

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apy financial

"earn more than 10 times the national average APY.2"

APY, or Annual Percentage Yield, shows how much money an investment or savings account can earn in a year, taking into account both the interest rate and how often that interest is added. Think of it like a snowball growing as it rolls downhill: the more frequently the snowball gains new snow, the faster it gets bigger. For investors, APY helps compare different options to see which one offers the best return over time.

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fdic-insured regulatory

"Happen Bank is still the same FDIC-insured digital bank"

"FDIC-insured" means that a bank or savings institution is protected by the Federal Deposit Insurance Corporation, which guarantees that depositors will get back their money up to a certain limit if the bank fails. This insurance provides peace of mind, similar to a safety net, ensuring that your savings are protected even if the bank encounters financial trouble. It helps build trust and confidence for people saving or investing their money in banks.

nasdaq financial

"Today also marks the first day that Happen, Inc. common stock will trade on the Nasdaq Stock Market"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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Begins trading on Nasdaq under the ticker symbol "HAPN"

SAN FRANCISCO, June 22, 2026 /PRNewswire/ -- Happen, Inc. (Nasdaq: HAPN) https://www.multivu.com/lending-club/9384851-en-lendingclub-bank-happen-bank-digital-built-help-people-move-forward (formerly LendingClub Corporation) today announced the official launch of the Happen Bank™ brand, marking a significant milestone in its evolution into a digital bank for people who want to make more happen with their money.

Beginning today, Happen Bank's brand comes to life at www.happen.com, its mobile app, customer communications, advertising, and more. Today also marks the first day that Happen, Inc. common stock will trade on the Nasdaq Stock Market under the HAPN ticker.

"We've reached an exciting milestone for our company and for the millions of members we serve," said Scott Sanborn, CEO of Happen Bank. "Becoming Happen Bank and now trading on Nasdaq reflects how far we've come in building a modern digital bank designed around people's real financial needs. The Happen Bank brand more clearly reflects the role we play in consumers' lives: helping people make things happen with products that are smart, transparent, and easy to use."

Happen Bank delivers:

• Award-winning unsecured personal loans for debt consolidation, home improvement, and affording life's important moments
• Award-winning high-yield savings accounts that reward consistent saving habits
• Award-winning checking accounts offering cash back on essentials purchases and for on-time loan payments
• Lending decisions in minutes with transparent terms and no hidden fees or gotchas
• Mobile-first digital banking experiences designed for real-life moments

Happen Bank products are aligned by design to reward members for their positive financial behaviors. For example, members who have a Happen Bank personal loan have the opportunity to get 2% of their monthly payment in cash back¹ for making on-time loan payments from their LevelUp Checking account – demonstrating that Happen Bank products deliver even more value when used together. And members who contribute at least $250 to their LevelUp Savings account each month – a contribution threshold designed to fit within most of our members' budgets – earn more than 10 times the national average APY.²

"Whether it's consolidating debt, building savings, improving their credit, or planning for what's next, we clear the way for our members to make meaningful progress and we reward their positive financial behaviors along the way," said Mark Elliot, Chief Customer Officer of Happen Bank.

A Brand Built for Momentum

The name Happen Bank is intentional. It signals action, progress, and forward momentum.

The brand identity reflects this energy, with a dynamic wordmark and a modern visual system that stands apart from traditional banking conventions.

While the company's name and visual identity have changed, the foundation that customers know and trust remains unchanged. Happen Bank is still the same FDIC-insured digital bank, operated by the same company and people, serving millions of members with the same commitment to helping them improve their financial lives. Existing accounts, products, login credentials, routing information, and services are unaffected.

"This isn't just a name change – it's a recognition of who we've become," said Sanborn. "Happen Bank reflects our commitment to helping members turn intention into action and achieve meaningful financial progress."

To mark the official launch, we will be ringing the Nasdaq Opening Bell at 9:30 a.m. ET (6:30 a.m. PT) on Tuesday, June 30, 2026, at the Nasdaq MarketSite in Times Square in New York City.

To learn more about Happen Bank and its products, visit Happen.com.

About Happen Bank

Happen Bank™ (formerly LendingClub Bank) is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million plus members when they take positive financial steps like saving regularly or making loan payments on time.

Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship — delivered consistently and profitably at scale.

Happen Bank exists to clear the way for our members to make it happen.

Happen, Inc. (Nasdaq: HAPN) – formerly LendingClub Corporation – is the parent company and operator of Happen Bank, National Association, Member FDIC. For more information about Happen Bank, visit https://www.happen.com.

Safe Harbor Statement

Some of the statements in this press release, including statements regarding the benefits of our products and services, are "forward-looking statements." Words such as "plan", "expect", "anticipate" and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: macroeconomic conditions, competition, demand for our products and services, and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in its subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

For Media: Press@happen.com
For Investors: IR@happen.com

Footnotes
¹ Loan payment cash back provides members the opportunity to earn 2% cash back for qualifying payments made electronically from Happen Bank LevelUp Checking accounts if they meet all eligibility criteria as described in the applicable product terms and conditions.
² National average source: FDIC as of 5/18/2026.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-officially-becomes-happen-bank-marking-a-new-chapter-for-the-digital-first-bank-302804847.html

SOURCE Happen, Inc.

FAQ

What did Happen Bank (Nasdaq:HAPN) announce on June 22, 2026?

Happen Bank announced the official launch of its new digital-first banking brand and Nasdaq ticker HAPN. According to Happen, the rebrand from LendingClub reflects its evolution into a modern bank focused on real-life financial needs and member progress.

When did Happen (HAPN) start trading on Nasdaq under its new ticker?

Happen common stock began trading on the Nasdaq Stock Market under the ticker symbol HAPN on June 22, 2026. According to Happen, this trading debut coincides with the official launch of the Happen Bank brand and new digital experience.

How does the LendingClub to Happen Bank name change affect existing customer accounts?

The name change to Happen Bank does not affect existing customer accounts. According to Happen, current products, login credentials, routing information, and services remain the same, and the bank continues operating as an FDIC-insured digital bank with the same team.

What products does Happen Bank (HAPN) offer after its rebrand from LendingClub?

Happen Bank offers unsecured personal loans, high-yield savings, and checking with cash-back features. According to Happen, products reward positive financial behaviors, including cash back for on-time loan payments and elevated APY for consistent monthly savings contributions.

How does Happen Bank reward positive financial behavior for its members?

Happen Bank links rewards to actions like on-time payments and regular saving. According to Happen, eligible personal loan customers can earn 2% cash back on monthly payments, and savers contributing at least $250 monthly to LevelUp Savings earn more than 10 times the national average APY.

When will Happen Bank (HAPN) ring the Nasdaq Opening Bell to mark its brand launch?

Happen Bank will ring the Nasdaq Opening Bell on Tuesday, June 30, 2026, at 9:30 a.m. ET. According to Happen, the ceremony at Nasdaq MarketSite in Times Square celebrates the official launch of the Happen Bank brand and its HAPN listing.