SOURCE: First Trade Union Bank

First Trade Union Bank

September 26, 2014 09:30 ET

First Trade Union Bank to Become "Radius Bank"

BOSTON, MA--(Marketwired - Sep 26, 2014) - First Trade Union Bank (the "Bank") today announced that it will be changing its name to Radius Bank by October 31, 2014. The Bank's holding company, First Trade Union Bancorp, has changed its name to Radius Bancorp, effective immediately. Clients can expect to see a new corporate logo, website, marketing materials and social media presence in connection with the name change.

The new Radius Bank name is reflective of the evolution taking place within the financial services industry, as consumers and businesses alike are increasingly seeking a banking partner that provides access to their accounts anytime, anywhere.

"The name 'Radius Bank' signifies our alignment with the evolution of the industry," said Michael A. Butler, the Bank's President & Chief Executive Officer. "With our experienced sales team, broad product set, and convenient technology solutions, we have attracted a wide array of personal and business clients looking for a bank that is transparent and that provides a superior experience -- regardless of geographic location."

Since its founding in 1987, the Bank has proudly served the banking needs of consumers, union organizations and members, small and middle market businesses, municipals and not-for-profit organizations, and remains steadfast in its commitment to these client segments.

"Our mission is to provide convenient products, leading-edge technology and the highest level of customer service while putting clients at the center of everything we do," continued Butler.

Today's announcement follows other recently announced developments, including a 59.9% increase in net income for the first six months of 2014 compared to the same period in 2013 and the hiring of James Malerba as Executive Vice President/Chief Financial Officer.

About First Trade Union Bank

With assets of more than $702 million, First Trade Union Bank is a community bank offering a full complement of business and personal products and services. The Bank serves consumers, small and middle market businesses, unions, and government entities as its core clients. The Bank offers anytime/anywhere banking via mobile device, 24-hour ATM service, and remote deposit, provides additional services such as treasury management capabilities, and partners with organizations such as mobile payments leader LevelUp and student loan debt reduction company SmarterBucks. Customers can readily access traditional, personalized branch banking at banking centers located in Massachusetts and New York. The Bank was a top-ranked SBA lender in New England in 2013 and maintains an active corporate social responsibility program. The 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 ftub.com.

Contact Information