LendingClub and Community Banks

Community banks can invest in consumer credit through LendingClub’s platform or offer LendingClub products to their customers.

One way we offer access to community banks is through partnering with BancAlliance, a network of community banks grounded in the conviction that through collaborating together, smaller banks can thrive and compete with the biggest.

Value of LendingClub and the BancAlliance Member Bank Network

Efficiency & Support Services

  • BancAlliance facilitates the extensive due diligence process required by the partnership, and helps ensure program participants stay current on vendor management responsibilities.

Lending & Compliance Expertise

  • BancAlliance has developed a full-service program that provides ongoing education, reporting and monitoring both at the program and individual participant level.

Loan Portfolio Diversification

  • Purchase a diversified portfolio of high credit-quality* consumer loans, a product set most community banks do not otherwise offer.
  • To date, BancAlliance member banks have purchased hundreds of millions of dollars of consumer loans through LendingClub.

Strong Network

  • BancAlliance facilitates regular dialogue between program participants, allowing for the constant sharing of best practices.
  • Join more than 250 member banks across the United States, typically ranging in assets from $100 million to more than $10 billion.

Bank partnership team

Andrew Deringer

Andrew Deringer

Vice President, Head of Financial Institutions Group

Experience: Morgan Stanley, Howe Barnes, Federal Reserve Bank of Chicago, Raymond James Financial, University of Chicago Booth MBA

Ryan Chernis

Ryan Chernis

Sr. Director, Business Development

Experience: KBW, Stifel Financial, NYU M.Sc Real Estate Finance

Cale Spaulding

Cale Spaulding

Director, Business Development

Experience: KBW, Sandler O’Neill, Bank Hapoalim, University of Chicago Booth MBA

Cindy Tong

Cindy Tong

Director, Relationship Management

Experience: Options Technology, Lehman Brothers

Joseph L. Milstein

Joseph L. Milstein

Sr. Manager, Bank Partnerships

Experience: Citigroup, JPMorgan Chase

Dana Zhang

Dana Zhang

Sr. Relationship Manager

Experience: Wells Fargo, FDIC

Zachary Waugaman

Zachary Waugaman

Bank Partnerships Manager

Experience: Bank of the Ozarks, Morgan Stanley

Learn more about LendingClub’s marketplace: Contact Us or visit Loan Statistics.