Regions Bank Equipment Finance Creates Technology Solutions Platform and Hires Seasoned Banking Team | Your money


BIRMINGHAM, Alabama – (BUSINESS WIRE) – January 6, 2022–

Regions Bank announced Thursday that Regions Equipment Finance Corporation (REFCO), a subsidiary of Regions Bank, is expanding its specialist capabilities to include a new platform and team of technology solutions. The platform will be led by Jay Cannon, a 40-year veteran of the bank, who recently joined Regions and will serve as REFCO’s Technology Solutions Market Lead and South Central Technology Solutions Relationship Partner.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220106005066/en/

Pictured, left to right: Jay Cannon, Mark Moro and Riley Thompson – Regions Bank (Photo: Business Wire)

REFCO is one of America’s 10 largest bank-owned equipment leasing and financing companies, providing customized solutions that connect companies with capital for a wide range of equipment needs. The new technology solutions platform will offer both financing and leasing options to REFCO clients, with a focus on empowering businesses to maximize the efficiency of operations through technology while creating a long-term growth and successfully navigating today’s complex and technology-driven business landscape.

“Technology Solutions will continue to be one of the fastest growing segments of the equipment finance industry, and by welcoming Jay Cannon and his team, Regions Bank and REFCO are well positioned to respond to even more. needs of clients seeking tailor-made advice and guidance. , and solutions, ”said Will Perry, Managing Director and Head of REFCO. “As businesses continue to digitize, move to cloud-based operations and improve digital security, our team will deliver cutting-edge insights, helping customers guard against obsolescence while leveraging the best practices designed to support and improve their operations not only today – but in the future as well.

Prior to joining Regions, Cannon served as the Eastern Regional Director for the US bank’s technology finance group. He began his career at Graybar Electric, Inc. and joined the financial industry with First US Financial Corporation in 1981. Cannon has also held executive positions at Bombardier Technology Management Finance, Mellon US Leasing Corporation and IBM Credit, LLC.

Cannon will be joined by Mark Moro and Riley Thompson, who also previously worked for the US bank’s tech finance group. Together, the team brings more than 100 years of banking and relationship management experience with deep roots in equipment and technology financing. Prior to joining US Bank, Moro worked in the technology industry supporting leasing and project finance. Thompson has served corporate banking needs for clients for more than 20 years at US Bank.

REFCO teams work with regional bankers to deliver an optimized customer experience for businesses looking for personalized information and efficient and flexible financing solutions tailored to individual equipment needs, ownership requirements and tax considerations. Through Regions360’s service approach, Regions clients benefit from a team of finance professionals from various departments who work together to deliver convenient options designed to help clients achieve their own unique goals.

The new platform and technology solutions team represent REFCO’s sixth group of specialist segments. Other groups include financing and equipment rental; Solar tax fairness; Government, institutional and tax-exempt funding; Equipment syndications; and asset portfolio management.

About the Regions Financial Company

Regions Financial Corporation (NYSE: RF), with $ 156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of personal and commercial banking services, wealth management and mortgage products and services. Regions serves customers in the South, Midwest and Texas and, through its subsidiary, Regions Bank, operates more than 1,300 bank offices and approximately 2,000 ATMs. Regions Bank is an equal housing lender and member of the FDIC. Additional information about Regions and its full range of products and services is available at www.regions.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220106005066/en/

CONTACT: Jeremy D. King

Bank of regions

(205) 264-4551 Regions News Online: regions.doingmoretoday.com

News from the regions on Twitter: @RegionsNews

KEYWORD: UNITED STATES NORTH AMERICA ALABAMA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: Regional finance company

Copyright Business Wire 2022.

PUB: 06/01/2022 09: 00 / DISC: 06/01/2022 09:02

http://www.businesswire.com/news/home/20220106005066/en

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