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 Boston Business Journal. Gallion has assembled 25 professionals and plans to add 10 more people.
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.