Radius Bank Announces Changes to Executive Leadership Team

BOSTON–(BUSINESS WIRE)–#bestonlinebankRadius Bank, a forward-thinking digital bank, announced today key organizational changes to its executive leadership team.

Stephen Hunt has been promoted to Executive Vice President, Equipment Finance where he oversees a team responsible for the credit underwriting, transaction structuring, pricing, and documentation of indirect and direct originations. Hunt joined Radius in 2016 when the Bank acquired the equipment leasing division of NewStar Financial, Inc. He brings over 35 years of experience in equipment financing and leasing, having previously held positions at Banc of America Leasing, Eastern Bank, Bank Boston Leasing, EUA Cogenex Corp, and The CIT Group.

Brenda Mackey joins Radius as the new Executive Vice President of Institutional Banking and Cash Management. Mackey will manage the Institutional Banking’s national sales team and relationship support unit, and also be responsible for expanding the focus and verticals the division serves. The department currently provides Deposit and Cash Management services, API Banking, and Escrow services for Commercial & Technology companies, Union/Labor pension & benefit funds, and non-profits. Prior to joining Radius, Brenda spent the last 9 years building and leading the Cash Management group, from both a product and sales prospective supporting both Commercial and Union/Labor clients, at East Boston Savings Bank. She previously held roles at Danversbank and Marblehead Bank.

“It is an exciting time for Radius,” says President and CEO, Mike Butler. “Radius strives to provide a culture of growth and we are thrilled to have been able to promote Stephen. He has exemplified all the traits of an excellent leader, is well respected by his peers, and will make a great addition to our leadership team. Additionally, we couldn’t be more thrilled for Brenda to join the Radius team. Her deep understanding of the Union space and in-depth knowledge of Cash Management solutions make her the ideal candidate for the role.”

Both Stephen and Brenda will report to Mike Butler, President & CEO, and be based in Boston, MA.

About Radius Bank

With assets of approximately $1.6 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. Named Best Online Bank 2020 by Bankrate and one of Best Online Checking Accounts for 2020 by Nerdwallet, Ascent, and NextAdvisor, the Bank’s award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service (BaaS) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. 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 radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.


Kathleen Barrett