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home / news releases / LC - Home BancShares acquires $238M marine loan portfolio of LendingClub Bank

LC - Home BancShares acquires $238M marine loan portfolio of LendingClub Bank

LendingClub Corporation
Home BancShares (NYSE:HOMB), parent company of Centennial Bank, purchased the performing marine loan portfolio of Utah-based LendingClub Bank, owned by LendingClub (NYSE:LC). Under the terms of the purchase agreement, Centennial acquired yacht loans totaling ~$238M. This portfolio will be housed within Centennial’s Shore Premier Finance (SPF) division, which will be responsible for servicing the acquired loan portfolio and originating new loan production. On completion of the acquisition, SPF has total loans receivable of ~$1.13B.

For further details see:

Home BancShares acquires $238M marine loan portfolio of LendingClub Bank
Stock Information
Company Name: LendingClub Corporation
Stock Symbol: LC
Market: NYSE
Website: lendingclub.com
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