Bank · FDIC insured
Happen Bank
Top CarrotA $12.5B bank, the 142nd largest of 4,207, headquartered in Lehi, UT, with 1 branch in Utah. It opens accounts online nationwide. Best rates: CDs 4.76% APY.
Happen Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 98% of U.S. banks and credit unions
#5 of 19 nationwide online banksHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Happen Bank
Happen Bank, formerly known as LendingClub, is a wholly-owned subsidiary of Happen, Inc.
- Headquarters
- 2701 N Thanksgiving Way, Lehi, UT 84043
- FDIC certificate
- 32551 ↗
Branches
1 branch in Utah
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Utah
1 branch
- Happen Bank, National AssociationMain office2701 N Thanksgiving Way, Lehi, UT 84043Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.98% | 9.97% | 10.85% or more |
| Troubled loansNoncurrent | 0.82% | 0.70% | 0.47% or less |
| ProfitabilityReturn on assets | 1.82% | 1.23% | 1.55% or more |
| LendingLoans per $100 deposited | $65 | $85 | — |
- CapitalLeverage ratio10.98%Peers’ middle 9.97% · Top 25% 10.85%+
- Troubled loansNoncurrent0.82%Peers’ middle 0.70% · Top 25% ≤0.47%
- ProfitabilityReturn on assets1.82%Peers’ middle 1.23% · Top 25% 1.55%+
- LendingLoans per $100 deposited$65Peers’ middle $85
Compared with the 164 banks with $10 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Happen Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.