Radius Bank Announces New Head of Institutional Banking

COO Phil Peters Expands Role to Include Institutional Banking Division

See the original press release


Radius Bank, an industry-leading virtual bank, announced today that Phil Peters, Executive Vice President, will expand his role as Chief Operating Officer to now include the management and oversight of the Bank’s Institutional Banking division. Peters will manage the Institutional Banking’s national sales team and relationship support unit, and will be responsible for expanding the focus and verticals the division serves, which currently provides treasury management and escrow services for commercial clients, pension funds, municipalities, and non-profits.

Radius made the strategic decision to expand Peters’ role to create a more cohesive relationship between the Bank’s cash management and institutional banking departments to better support clients as well as broaden the Bank’s institutional vertical into the technology sector. Peters will also leverage the technology that Radius has developed and deployed for their personal and small business virtual bank clients and use it to grow the products and services available to institutional banking clients. In this new role, he will continue to manage the Bank’s operations, technology and infrastructure, project management, and product management departments.

“Phil’s history as a proven leader made him the right person to step into this expanded role. I am confident in his ability to transform and grow the products and services provided to our institutional banking clients, while creating a streamlined process to support the needs of our customers.”

Mike Butler, Radius Bank President & CEO

Prior to joining Radius in 2016, Peters was Senior Vice President, Product Management & Development at People’s United Bank. Phil also previously held roles at Danvers Bank, Citizens Bank, and Bank of America. He has a Bachelor of Science in Business Administration from Salem State University, and a Graduate Certificate of Specialized Studies in Business Administration and Management from Harvard University Extension.

Peters works out of Radius Bank’s headquarters in the Seaport District in Boston, Mass.

About Radius Bank
With assets of approximately $1.3 billion, Radius Bank is a forward-thinking community bank offering a full complement of 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’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. 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.