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Radius Bank Changes Executive Leadership Team

December 03, 2020, 07:25 AM

Radius Bank announced key organizational changes to its executive leadership team. Stephen Hunt has been promoted to Executive Vice President, Equipment Finance and Brenda Mackey joins Radius, a digital bank, as the new EVP for Institutional Banking & Cash Management.

Hunt 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.

Mackey will manage the Institutional Banking’s national sales team and relationship support unit, and 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, she spent the last nine 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,” said 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 Hunt and Mackey will report to Butler and be based in Boston, MA.

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