Previous Next
Read  Kennesaw GA: Lending Startup Lands $125 Million in Growth Investment
New Video Fri: Fireside Chat with Ripple Exec
Global News from the Biggest Brand Companies

 

  • Read FT SE News
  • Read Global FT SE News
  • Watch FT Visions Videos
  • Listen to Fintech Podcasts
  • Events
    • Coming Soon !
  • SE FT Region
    • SE Region Tweets
    • Alabama
    • Florida
    • Georgia
    • Kentucky
    • Mississippi
    • North Carolina
    • South Carolina
    • Tennessee
  • About Fintech SE
    • About Us
    • About the Journey
    • Contact Us
    • Your Content on Fintech Southeast
    • Partner with Fintech Southeast
  • To TAG TV SE

Birmingham AL: Regions Bank Acquires Small Business Lender

Share

040720

Posted April 07, 2020


Regions Bank has completed the acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses.

Terms of the deal, announced today, were not disclosed.

Ronnie Smith, senior executive vice president and head of the Regions Corporate Banking Group, said the "strong combined team from Regions and Ascentium is committed to providing capital, flexibility and financial guidance to support and strengthen the small businesses that are so crucial to the economic health of the communities we serve.”

Based in Texas, Ascentium Capital provides financing, leasing and small business loans, benefiting equipment manufacturers and distributors, as well as other businesses. In January, the company reported $1.50 billion in funded volume, representing a 22.3 percent increase over last year.


Read the rest here

 

 

Featured Sponsor

gs hori 225x77 white

Sitemap | *** | Top
Copyright © 2021 All rights reserved. Custom Design by globalspeak
Article App

Fintech Southeast

  • Read FT SE News
  • Read Global FT SE News
  • Watch FT Visions Videos
  • Listen to Fintech Podcasts
  • Events
    • Coming Soon !
  • SE FT Region
    • SE Region Tweets
    • Alabama
    • Florida
    • Georgia
    • Kentucky
    • Mississippi
    • North Carolina
    • South Carolina
    • Tennessee
  • About Fintech SE
    • About Us
    • About the Journey
    • Contact Us
    • Your Content on Fintech Southeast
    • Partner with Fintech Southeast
  • To TAG TV SE