{"success":true,"data":{"pressRelease":{"id":"157259","rtpr_id":"nPn5ZmmGQa-20260930","ticker":"HAPN","exchange":"NASDAQ","all_tickers":["HAPN"],"title":"Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs","author":"PR Newswire","published_at":"2026-09-30T20:06:00.024Z","article_body":"Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs\nPR Newswire\n\nSAN FRANCISCO, Sept. 30, 2026\n\nSAN FRANCISCO, Sept. 30, 2026 /PRNewswire/ -- Happen Bank, a subsidiary of\nHappen, Inc. (Nasdaq: HAPN) and a digital bank built for the Motivated Middle,\ntoday announced that it has crossed $10 billion in personal loans sold through\nits proprietary structured loan certificates programs, HAPS and LENDR.\nLaunched in April 2023 and June 2025, respectively, the programs expand\ninvestor access to Happen Bank loans while providing the company with a\nflexible, scalable source of marketplace funding.\n\nThis milestone reflects sustained demand for Happen Bank's personal loan\nassets, with existing marketplace investors increasing their purchases and new\nmarketplace investors continuing to join the platform. Together, HAPS and\nLENDR enhance Happen Bank's ability to match assets with committed funding and\nbalance marketplace loan sales with balance sheet growth, which provides more\nflexibility to generate attractive returns across a range of economic cycles.\n\nHAPS, formerly known as SLCLC, is a two-tranche private securitization in\nwhich Happen Bank retains the senior note and sells the residual certificate\non a pool of loans to a marketplace investor at a predetermined price,\neffectively providing built-in financing. Marketplace investors earn\ncompelling levered returns with low friction and low-cost financing on a\nliquid security, and Happen Bank earns an attractive yield with remote credit\nrisk.\n\nBuilding on the success of the HAPS program, Happen Bank launched LENDR, which\noffers multiple note tranches, each with a credit rating from Fitch, to meet\nthe needs of investors seeking an investment grade rating to invest in Happen\nBank's attractive asset class. The program further diversifies Happen Bank's\nmarketplace funding and expands the company's ability to place loans\nefficiently across market conditions.\n\n\"Structured certificates, which are uniquely enabled by our bank status, allow\nus to provide investors with attractive, streamlined financing and efficient\naccess to the asset class across changing market conditions,\" said Clarke\nRoberts, Senior Vice President, General Manager, Marketplace at Happen Bank.\n\"Crossing $10 billion through these programs in just over three years speaks\nto the value of these types of structures for investors. We're proud that\nHappen Bank was the first in the industry to offer both high-quality personal\nloans and streamlined financing at scale, cementing our status as a provider\nof choice in this asset class.\"\n\nThroughout its 20-year history, Happen Bank has offered a range of\nindustry-first, unique product structures to expand investor access to\nconsumer credit, broaden distribution, and improve liquidity for all\ninvestors.\n\nAbout Happen Bank\n\nHappen Bank™ – formerly LendingClub Bank – is a digital bank built for\nthe Motivated Middle: high-FICO, high-income, digitally savvy consumers\nactively managing their financial lives. Our difference? We make it easy for\nthem to access award-winning products that help them keep more of what they\nearn and earn more on what they save. Our products are aligned by design to\nreward our five million plus members when they take positive financial steps,\nlike saving regularly or making loan payments on time.\n\nOur success is fueled by our advanced credit underwriting, a proprietary\ntechnology platform engineered for innovation, and a marketplace bank model\nthat drives value for members, loan investors, and shareholders alike. The\nresult is affordable credit, meaningful value, and a trusted banking\nrelationship – delivered consistently and profitably at scale.\n\nHappen Bank exists to clear the way for our members to make it happen.\n\nHappen, Inc. (Nasdaq: HAPN) – formerly LendingClub Corporation – is the\nparent company and operator of Happen Bank, National Association, Member FDIC.\nFor more information about Happen Bank, visit https://www.happen.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787052-1&h=774261691&u=https%3A%2F%2Fwww.happen.com%2F&a=https%3A%2F%2Fwww.happen.com)\n.\n\nContacts\nFor Investors:\nIR@happen.com (mailto:IR@happen.com)\n\nMedia Contact:\nPress@happen.com (mailto:Press@happen.com)\n\nSafe Harbor Statements\n\nThe series notes and residual certificates issued through the HAPS and LENDR\nprograms have not been and will not be registered under the Securities Act of\n1933 or any state or other jurisdiction's securities laws and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the Securities Act of 1933 and\napplicable state or other jurisdiction securities laws.\n\nThis press release will not constitute an offer to sell or the solicitation of\nan offer to buy the series notes or residual certificates or any other\nsecurities, nor will there be any offer, solicitation or sale of the series\nnotes, the residual certificates or any other securities in any state or other\njurisdiction in which the offer, solicitation or sale would be unlawful.\n\nSome of the statements above, including statements regarding the performance\nand benefits of, and demand for, our structured loan certificates programs,\nare \"forward-looking statements.\" The words \"anticipate,\" \"believe,\"\n\"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"outlook,\" \"plan,\"\n\"predict,\" \"project,\" \"should,\" \"will,\" \"would\" and similar expressions may\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. Factors that could cause actual\nresults to differ materially from those contemplated by these forward-looking\nstatements include: our loan performance, our ability to continue to attract\nand retain new and existing borrowers and marketplace investors (including\nretaining long-term investors through the duration of their expected\npartnership and achieving the anticipated level of purchases); competition;\noverall economic conditions; the interest rate and/or regulatory environment;\ndefault rates and those factors set forth in the section titled \"Risk Factors\"\nin our most recent Annual Report on Form 10-K, as filed with the Securities\nand Exchange Commission, as well as in our subsequent filings with the\nSecurities and Exchange Commission. Actual results or events could differ\nmaterially from the plans, intentions and expectations disclosed in\nforward-looking statements, and you should not place undue reliance on\nforward-looking statements. We do not assume any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by law.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/happen-bank-crosses-10-billion-in-personal-loans-sold-through-its-proprietary-structured-loan-certificates-programs-302894964.html\n(https://www.prnewswire.com/news-releases/happen-bank-crosses-10-billion-in-personal-loans-sold-through-its-proprietary-structured-loan-certificates-programs-302894964.html)\n\nSOURCE Happen Bank\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2000186/HappenBank_Logo_Orange_PMS.jpg?id=OA2980926\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5ZmmGQa-20260930","title":"Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs","author":"PR Newswire","ticker":"HAPN","created":"2026-09-30T20:06:00.024Z","tickers":["HAPN"],"exchange":"NASDAQ","article_body":"Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs\nPR Newswire\n\nSAN FRANCISCO, Sept. 30, 2026\n\nSAN FRANCISCO, Sept. 30, 2026 /PRNewswire/ -- Happen Bank, a subsidiary of\nHappen, Inc. (Nasdaq: HAPN) and a digital bank built for the Motivated Middle,\ntoday announced that it has crossed $10 billion in personal loans sold through\nits proprietary structured loan certificates programs, HAPS and LENDR.\nLaunched in April 2023 and June 2025, respectively, the programs expand\ninvestor access to Happen Bank loans while providing the company with a\nflexible, scalable source of marketplace funding.\n\nThis milestone reflects sustained demand for Happen Bank's personal loan\nassets, with existing marketplace investors increasing their purchases and new\nmarketplace investors continuing to join the platform. Together, HAPS and\nLENDR enhance Happen Bank's ability to match assets with committed funding and\nbalance marketplace loan sales with balance sheet growth, which provides more\nflexibility to generate attractive returns across a range of economic cycles.\n\nHAPS, formerly known as SLCLC, is a two-tranche private securitization in\nwhich Happen Bank retains the senior note and sells the residual certificate\non a pool of loans to a marketplace investor at a predetermined price,\neffectively providing built-in financing. Marketplace investors earn\ncompelling levered returns with low friction and low-cost financing on a\nliquid security, and Happen Bank earns an attractive yield with remote credit\nrisk.\n\nBuilding on the success of the HAPS program, Happen Bank launched LENDR, which\noffers multiple note tranches, each with a credit rating from Fitch, to meet\nthe needs of investors seeking an investment grade rating to invest in Happen\nBank's attractive asset class. The program further diversifies Happen Bank's\nmarketplace funding and expands the company's ability to place loans\nefficiently across market conditions.\n\n\"Structured certificates, which are uniquely enabled by our bank status, allow\nus to provide investors with attractive, streamlined financing and efficient\naccess to the asset class across changing market conditions,\" said Clarke\nRoberts, Senior Vice President, General Manager, Marketplace at Happen Bank.\n\"Crossing $10 billion through these programs in just over three years speaks\nto the value of these types of structures for investors. We're proud that\nHappen Bank was the first in the industry to offer both high-quality personal\nloans and streamlined financing at scale, cementing our status as a provider\nof choice in this asset class.\"\n\nThroughout its 20-year history, Happen Bank has offered a range of\nindustry-first, unique product structures to expand investor access to\nconsumer credit, broaden distribution, and improve liquidity for all\ninvestors.\n\nAbout Happen Bank\n\nHappen Bank™ – formerly LendingClub Bank – is a digital bank built for\nthe Motivated Middle: high-FICO, high-income, digitally savvy consumers\nactively managing their financial lives. Our difference? We make it easy for\nthem to access award-winning products that help them keep more of what they\nearn and earn more on what they save. Our products are aligned by design to\nreward our five million plus members when they take positive financial steps,\nlike saving regularly or making loan payments on time.\n\nOur success is fueled by our advanced credit underwriting, a proprietary\ntechnology platform engineered for innovation, and a marketplace bank model\nthat drives value for members, loan investors, and shareholders alike. The\nresult is affordable credit, meaningful value, and a trusted banking\nrelationship – delivered consistently and profitably at scale.\n\nHappen Bank exists to clear the way for our members to make it happen.\n\nHappen, Inc. (Nasdaq: HAPN) – formerly LendingClub Corporation – is the\nparent company and operator of Happen Bank, National Association, Member FDIC.\nFor more information about Happen Bank, visit https://www.happen.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787052-1&h=774261691&u=https%3A%2F%2Fwww.happen.com%2F&a=https%3A%2F%2Fwww.happen.com)\n.\n\nContacts\nFor Investors:\nIR@happen.com (mailto:IR@happen.com)\n\nMedia Contact:\nPress@happen.com (mailto:Press@happen.com)\n\nSafe Harbor Statements\n\nThe series notes and residual certificates issued through the HAPS and LENDR\nprograms have not been and will not be registered under the Securities Act of\n1933 or any state or other jurisdiction's securities laws and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the Securities Act of 1933 and\napplicable state or other jurisdiction securities laws.\n\nThis press release will not constitute an offer to sell or the solicitation of\nan offer to buy the series notes or residual certificates or any other\nsecurities, nor will there be any offer, solicitation or sale of the series\nnotes, the residual certificates or any other securities in any state or other\njurisdiction in which the offer, solicitation or sale would be unlawful.\n\nSome of the statements above, including statements regarding the performance\nand benefits of, and demand for, our structured loan certificates programs,\nare \"forward-looking statements.\" The words \"anticipate,\" \"believe,\"\n\"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"outlook,\" \"plan,\"\n\"predict,\" \"project,\" \"should,\" \"will,\" \"would\" and similar expressions may\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. Factors that could cause actual\nresults to differ materially from those contemplated by these forward-looking\nstatements include: our loan performance, our ability to continue to attract\nand retain new and existing borrowers and marketplace investors (including\nretaining long-term investors through the duration of their expected\npartnership and achieving the anticipated level of purchases); competition;\noverall economic conditions; the interest rate and/or regulatory environment;\ndefault rates and those factors set forth in the section titled \"Risk Factors\"\nin our most recent Annual Report on Form 10-K, as filed with the Securities\nand Exchange Commission, as well as in our subsequent filings with the\nSecurities and Exchange Commission. Actual results or events could differ\nmaterially from the plans, intentions and expectations disclosed in\nforward-looking statements, and you should not place undue reliance on\nforward-looking statements. We do not assume any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by law.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/happen-bank-crosses-10-billion-in-personal-loans-sold-through-its-proprietary-structured-loan-certificates-programs-302894964.html\n(https://www.prnewswire.com/news-releases/happen-bank-crosses-10-billion-in-personal-loans-sold-through-its-proprietary-structured-loan-certificates-programs-302894964.html)\n\nSOURCE Happen Bank\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2000186/HappenBank_Logo_Orange_PMS.jpg?id=OA2980926\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-30T20:06:00.068692609Z","server_sent_at_ms":1790798760068},"received_at":"2026-09-30T20:06:00.119Z","source_url":"https://www.prnewswire.com/news-releases/happen-bank-crosses-10-billion-in-personal-loans-sold-through-its-proprietary-structured-loan-certificates-programs-302894964.html"},"analysis":{"id":"145931","press_release_id":"157259","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Happen Bank, the subsidiary of Happen, Inc. (Nasdaq: HAPN), crossed $10 billion in personal loans sold through its proprietary structured loan certificate programs, HAPS and LENDR.\n\nHAPS, launched April 2023, is a two-tranche private securitization where the bank retains the senior note and sells the residual to marketplace investors; LENDR, launched June 2025, offers Fitch-rated note tranches for investment-grade buyers.\n\nThe milestone signals sustained marketplace investor demand and a flexible, scalable funding source that supports balance sheet growth and returns across market cycles.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Milestone release touting $10B of marketplace loan sales via HAPS/LENDR — funding diversification story, but no new financials."},"keyFigures":{"customDimensions":{"members":"five million plus","haps_launch":"April 2023","lendr_launch":"June 2025","cumulative_loans_sold":"$10 billion"}},"quotedText":"Structured certificates, which are uniquely enabled by our bank status, allow us to provide investors with attractive, streamlined financing and efficient access to the asset class across changing market conditions","namedEntities":{"people":[{"name":"Clarke Roberts","role":"Senior Vice President, General Manager, Marketplace at Happen Bank"}],"products":["HAPS","LENDR","SLCLC"],"companies":[{"name":"Happen, Inc.","ticker":"HAPN","relationship":"parent company"},{"name":"Happen Bank","relationship":"subsidiary"},{"name":"Fitch","relationship":"credit rating agency"}],"dollarAmounts":[{"amount":"$10 billion","context":"cumulative personal loans sold through HAPS and LENDR structured certificate programs"}]},"materialImpact":{"score":2,"reasoning":"A cumulative $10B marketplace funding milestone demonstrates sustained investor demand and diversified funding for Happen Bank, but it is a promotional milestone with no new financial figures, guidance, or capital events."},"tickerRelevance":{"others":[],"primary":"HAPN"},"globalImportance":20,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap consumer lender","eventGravity":"promotional milestone, no new financials","issuerAuthored":true,"retailFavoriteBoost":"moderate — fintech/banking consumer brand"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Happen Bank, the subsidiary of Happen, Inc. (Nasdaq: HAPN), crossed $10 billion in personal loans sold through its proprietary structured loan certificate programs, HAPS and LENDR.\n\nHAPS, launched April 2023, is a two-tranche private securitization where the bank retains the senior note and sells the residual to marketplace investors; LENDR, launched June 2025, offers Fitch-rated note tranches for investment-grade buyers.\n\nThe milestone signals sustained marketplace investor demand and a flexible, scalable funding source that supports balance sheet growth and returns across market cycles.","key_figures":{"customDimensions":{"members":"five million plus","haps_launch":"April 2023","lendr_launch":"June 2025","cumulative_loans_sold":"$10 billion"}},"named_entities":{"people":[{"name":"Clarke Roberts","role":"Senior Vice President, General Manager, Marketplace at Happen Bank"}],"products":["HAPS","LENDR","SLCLC"],"companies":[{"name":"Happen, Inc.","ticker":"HAPN","relationship":"parent company"},{"name":"Happen Bank","relationship":"subsidiary"},{"name":"Fitch","relationship":"credit rating agency"}],"dollarAmounts":[{"amount":"$10 billion","context":"cumulative personal loans sold through HAPS and LENDR structured certificate programs"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T20:06:04.558Z","global_importance":20,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap consumer lender","eventGravity":"promotional milestone, no new financials","issuerAuthored":true,"retailFavoriteBoost":"moderate — fintech/banking consumer brand"}},"durationMs":4426,"modelName":"glm-5.3-flashx"}}