Radius Bancorp, Inc. Completes Private Placement of $15.3 Million of Subordinated Notes

BOSTON, MA--(Marketwired - June 27, 2017) - Radius Bancorp, Inc. the parent company of Radius Bank (www.radiusbank.com), announced today the closing of its private placement of $15.3 million in aggregate principal amount of subordinated notes. Unless earlier redeemed, the notes mature on June 30, 2027. The net proceeds from the sale will help fund the Bank's organic growth.

"We are extremely pleased with the outcome of the offering," said Michael A. Butler, Radius Bank's President and CEO. "Following our recapitalization in June 2016, this is the natural next step in allowing us to seamlessly continue executing on our strategic plans."

About Radius Bank

With assets of approximately $1 billion, Radius Bank is a forward-thinking community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank offers anytime/anywhere banking via mobile device, 24-hour ATM service, provides additional services such as treasury management capabilities, and partners with innovative organizations including mobile payments leader LevelUp, online investment firm Aspiration, and online marketplace lender Prosper. Customers can readily access traditional, personalized branch banking at the Bank's Boston, MA financial center. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank's website at www.radiusbank.com, or follow the Bank on Twitter, LinkedIn and Facebook.