Regions Bank Names Dave Lyder as Group Leader of Ascentium Capital
15 Novembro 2023 - 11:00AM
Business Wire
Lyder to build on Ascentium’s strategic approach toward
connecting small businesses with essential equipment financing.
Regions Bank on Wednesday announced Dave Lyder has been elevated
to serve as group leader for Ascentium Capital, a division of
Regions Bank that provides streamlined financing support for
specialized business equipment, technology, commercial vehicles and
other small-business needs.
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Dave Lyder, group leader of Ascentium
Capital, a division of Regions Bank (Photo: Business Wire)
Lyder succeeds Tom Depping, who recently retired after a career
spanning 40 years in equipment finance. Depping founded Ascentium
Capital in 2011 to provide an industry-leading lending platform
with financing and leasing options for manufacturers, distributors,
resellers and franchise organizations. Ascentium began as a
small-business start-up and grew to the largest independent
equipment finance company in the country. Depping was instrumental
in facilitating the company’s acquisition by Regions Bank in
2021.
“Through Ascentium Capital’s competitive financing solutions,
and additional services from Regions Bank, our support for small
businesses is stronger than ever,” said Nikki Stephenson, head of
Credit Products at Regions Bank. “Tom Depping’s experience and
insights have been vital to positioning Ascentium and Regions as a
compelling choice for entrepreneurs who rely on specialized
equipment to drive business success. Dave Lyder is the ideal leader
to build on Tom’s foundation of providing tailored solutions and a
superior client experience.”
Lyder joined Ascentium Capital in 2014 to launch a direct sales
division. Through Lyder’s leadership, overall origination volume
grew from $440 million in 2014 to $1.8 billion in 2022. Most
recently, Lyder has served as senior vice president for sales and
marketing at Ascentium, a role he began in May 2020.
Before joining Ascentium, Lyder served as senior vice president
of Finance and Operations at Direct Capital. Prior to that, Lyder
spent 12 years in public accounting providing auditing and
consulting services to large, privately held companies. He holds a
Bachelor of Science in Accounting from the University of
Connecticut.
“Ascentium Capital has been instrumental in meeting client needs
thanks to the vision and customer focus of Tom Depping,” Lyder
said. “I’m incredibly proud to continue our legacy of providing
fast, flexible financing solutions that keep small businesses
moving forward. Throughout each phase of our company’s history, we
have never lost sight of our commitment to delivering innovative
products, efficient operations and exceptional customer
service.”
Regions Bank offers a broad range of specialized banking
capabilities for the growth and development of small businesses.
Working directly with the U.S. Small Business Administration,
Regions provides specialized SBA loans tailored to meet specific
business needs. Regions is both an SBA Preferred Lender and one of
America’s most experienced SBA lenders. Additionally, Regions
launched a Franchise Lending team in 2022 to assist companies
across various franchise sectors.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $154 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 approximately 1,250
banking offices and more than 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.
About Ascentium Capital
Ascentium Capital, a division 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.
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Jennifer Elmore Regions Bank (334) 240-1220
Regions News Online: regions.doingmoretoday.com Regions News on
Twitter: @RegionsNews
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