Ascentium Capital LLC
, a national commercial lender, announced today obtaining $312 million in funding volume and managing $2.53 billion in assets during the first quarter.
“2021 marks a decade since the launch of Ascentium Capital and first quarter results are a testament to the long-term success of our business model, risk management, and proprietary finance platform,” comments Tom Depping, executive vice president, Ascentium Group Manager. “We look forward to the country recovering from the pandemic and seeing the positive impact that will have on the clients and communities we serve.”
Ascentium Capital specializes in equipment financing for a broad array of industries including commercial vehicles, energy, franchise, healthcare, industrial, and technology. Customized finance programs are developed for equipment manufacturers and distributors as well as for small to medium sized businesses nationwide. The company plans to continue market penetration during 2021.
To support market expansion, Ascentium plans to grow its sales organization with the hiring of tenured financial sales professionals. “Our consistent performance is driven from our value proposition and to meet the demand for our finance programs, we are recruiting across our national footprint. We look forward to capturing even greater market share this year,” said David Lyder, senior vice president, Ascentium Sales and Marketing.
About Ascentium Capital LLC
Ascentium Capital LLC, a subsidiary of Regions Bank, specializes in providing a broad range of business equipment financing, leasing, and loans across the United States. The Company’s offering is designed to benefit equipment manufacturers and distributors as well as direct to businesses nationwide. For additional information about Ascentium and its business financing products and services, please visit AscentiumCapital.com
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $153 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.Regions.com