Radius Bank Announces Expansion of Government Guaranteed Lending Team

Bank Welcomes Diane Gallion to Run the National Program

BOSTON, MA--(Marketwired - May 26, 2016) - Radius Bank (www.radiusbank.com), a full-service bank headquartered in Boston, Massachusetts, today announced the expansion of its Government Guaranteed Lending program and has hired Diane Gallion to lead its national team.

Ms. Gallion, who will serve as Executive Vice President/Head of Government Guaranteed Lending, joins Radius after successfully building similar programs at The Bancorp Bank, Banco Popular, and Bank of America. Diane is responsible for developing a fully-dedicated national team of professionals, already adding 25 new members to the Bank in her first month at Radius.

Also joining the Radius Bank Government Guaranteed Lending team under Ms. Gallion are Craig Calafati, SVP/National Sales Manager, Eva Aquino, SVP/Direct & Indirect Manager, Patrick Hunt, SVP/Closing Manager, and Jim Walters, SVP/Credit & Portfolio Manager.

Radius Bank has a longstanding reputation for serving small businesses and has been a proud lending participant in the Small Business Administration (SBA) program since 2009. The Bank was recognized as a "SBA Preferred Lender" in 2010, named Veteran/Patriot Express Lender of the Year by the Massachusetts SBA in 2012, and ranked in the top 15 in both 7(a) and 504 SBA loans in New England in 2013. 

The Bank had been primarily focused on lending in the Northeast, but with the addition of the new team members it expands its presence in Government Guaranteed Lending to a national level. The operational unit will be based out of Chicago, IL and sales professionals will cover territories across the U.S.

"We are very excited to welcome Diane and the entire Government Guaranteed Lending group to the Radius Bank team," commented Michael Butler, Radius's President & Chief Executive Officer. "Serving the small business community has been a strategic priority for us for many years and this new national lending platform further demonstrates our commitment to providing clients with the capital, technology and resources they need to help their businesses succeed. We look forward to the expertise and experience this team provides as we continue to profitably grow in the future."

About Radius Bank

With assets of approximately $810 million, 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, student loan debt reduction company SmarterBucks, 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 www.radiusbank.com or twitter.com/@RadiusBank.

Contact Information:

Chris Tremont
Executive Vice President
Radius Bank
Phone: (617) 728-7340
E-Mail: ctremont@radiusbank.com