Radius Bank, a virtual community bank whose roots are in Boston, MA, announced the addition of a new executive to its senior management team. Philip (Phil) Peters was named Executive Vice President / Chief Operating Officer. A seasoned banking professional, Peters comes to Radius with over 33 years of experience in the financial services industry. He most recently served as Senior Vice President, Product Management & Development at People's United Bank. Peters has also held roles at Danversbank, Citizens Bank, and Bank of America.

In this newly-created role at Radius Bank, Peters will be responsible for managing a number of different areas, including deposit and loan operations, commercial cash management, internal technology, project management, and product management and development.

"We are very excited to welcome Phil to the Radius Bank team," commented Michael Butler, Radius's President & Chief Executive Officer. "As we continue to expand our business model and enter new markets, it is imperative that we align our infrastructure to ensure we are operating in the most efficient manner and driving additional revenue-generating capabilities. Adding Phil, with his breadth of experience and knowledge in this area, will help us achieve those goals."

Peters will work out of the Bank's corporate headquarters located at One Harbor Street in Boston's Seaport District.

With assets of approximately $790 million, Radius Bank is a community bank offering a full complement of convenient, 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.