Radius Bank

Radius Bank is a forward-thinking community bank offering a full complement of convenient, leading-edge personal and business products.

Radius Bank (www.radiusbank.com), a full-service bank headquartered in Boston, Massachusetts and a wholly-owned subsidiary of Radius Bancorp, Inc., today announced it received regulatory approval and closed on a transaction whereby a group of private investors acquired approximately 95% of Radius Bancorp and invested an additional $18 million of new equity capital to be used towards the Bank’s growth for a total investment of approximately $63 million. The investment group included Patriot Financial Partners, GCP Capital Partners, Endicott Management Company, BayBoston Capital, other private investors and members of the Bank’s management and board of directors.