Radius Bank Reviews

3.7

66% would recommend to a friend

(48 total reviews)
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MICHAEL A. BUTLER

74% approve of CEO

66% positive business outlook

Radius Bank has an employee rating of 3.7 out of 5 stars, based on 48 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Radius Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

48 reviews
1.0
6 Jun 2016

Stay Away

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Located in Seaport Area which has a lot of food options and is a nice part of the city. Some employee benefits are actually pretty competitive.

Cons

If you are in the golden graces of the CEO or a few other members of senior management then you may write a review like "Haters gonna hate" or "Tons of growth potential!." However the reality of working for Radius Bank is not what those reviews indicate. I may even speculate that one or both of those reviews were only written to try fix the company rating on this site. The amount of disrespect, shaming, and secrets that flood this company is staggering. Most people in this Bank are not treated with any respect and this can sometimes be painful to watch. There are a lot of Job openings right now but only because of how many employees are leaving. If you choose to take one, best of luck to you, but you have been warned. I myself have stayed on for as long as I can.

1.0
31 Jul 2013

Worst place to work!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The were located in Boston.

Cons

Favoritism, disrespectful, room for advancement if you are Mike Butler's favorite.

1.0
4 May 2017

4 Ts: Training Toxic Technology Turnover

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are some nice people that work there. Location is great, accessible via silver line and the bank subsidizes parking at lot behind building for many employees. Bank is trying to retain employees through cookouts out back, beer/ wine afterhours, icecream truck, employee family events, pizza lunches, etc. Benefits are generous. Some people are promoted quickly.

Cons

Training and infrastructure are nonexistent, therefore, people are set up to fail and are very stressed to the point of toxicity. Although the bank likes to call itself virtual, back office systems are antiquated and do not interface well so leads to redundant work, lots of manual processes, lack of reporting which would make job easier, poor customer service, etc. And they have made several poor choices on software purchases which could have improved this. The bank tried to go public and failed. They were bought in mid 2016 by bank investors and plan to try to go public again in 3-5 years. Turnover volume is insanely high. They have recently lost/ replaced many key roles including the head of compliance, head of security, head of commercial lending, the head of credit, the head of cash management, the head of IT, the head of SBA, lost several lenders, turned over the entire branch staff, lost the treasurer, etc. Mike Butler thinks he's Jack Welch and believes in culling of the herd and does not realize or does not care what a negative effext turnover has on morale and customer service. He refers to it as "human capital" and disparages those that have left . With those that stay, he has favorites. Many people have been promoted, but not always the right person for the job and they move around who is in charge of departments, such as customer service- the branch- like chess pieces.

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Radius Bank Response
8y
Thank you for your feedback. We understand that as a fast- paced, rapidly growing organization we have come up against some challenges related to infrastructure and technology. As you know we have a number of ongoing projects to address these issues and as always, we welcome employee participation and feedback in those projects. We are always looking for suggestions on ways to improve our workplace and appreciate your comments.
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Glassdoor has 57 Radius Bank reviews submitted anonymously by Radius Bank employees. Read employee reviews and ratings on Glassdoor to decide if Radius Bank is right for you.