Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending.
The $777 million-asset bank hired Diane Gallion, a former executive at The Bancorp in Delaware, as national director of government-guaranteed lending, according to the
Radius, which has business lending groups in Massachusetts, Pennsylvania, Florida, Colorado and Arizona, already holds about $65 million in SBA loans. The bank reportedly wants to produce $200 million in loans annually.
-
The Boston bank has become one of the few to let customers open accounts by snapping a photo of their driver's license.
February 25 -
Radius Bank's partnership with online investment firm Aspiration highlights a nascent trend among small banks in the race to win millennial customers: partnering with fintech firms rather than opening branches.
July 20 -
Across the country, community banks are defying the stereotype of small institutions as technological laggards, sometimes introducing useful digital features well ahead of the better-resourced and purportedly savvier big banks.
February 25
Radius has spent recent years focusing on
