Regions Bank closed its acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses.

“We are pleased to welcome Ascentium Capital teammates and small business customers to Regions,” said Ronnie Smith, senior executive vice president and head of the Regions Corporate Banking Group. “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.”

Ascentium Capital provides financing of essential-use equipment for small business customers through a technology-enabled model that delivers same-day credit decisions and funding. Ascentium Capital’s management team combined with its proprietary underwriting technology platform has delivered strong performance since its inception.