Regions Bank Announces Creation of Franchise Lending Team

Led by 36-year industry veteran Peter Salas, initiative expands Regions’ specialized banking abilities for compact companies.

BIRMINGHAM, Ala., December 07, 2022–(Enterprise WIRE)–Areas Lender on Wednesday announced the development of a Franchise Lending crew led by marketplace veteran Peter Salas. A important aspect of Regions’ solutions intended to guidance small-business development, Salas and his workforce are concentrated on assisting push organization sustainability and expansion as a result of their specialization in franchise ideas.

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Peter Salas and his workforce at Locations concentrate on leveraging their experience to assistance small-company clientele create sustainable designs for progress. (Picture: Organization Wire)

Below Salas’ management, Regions’ Franchise Lending team is targeted on developing interactions with franchise house owners all through Regions’ footprint in substantial-development markets throughout the Southeast, Texas and the Midwest. There are franchise ideas in every single industry Locations serves, ranging from retail shops to service suppliers, this kind of as wellbeing and wellness areas. These franchise places are generally owned and managed by business people and small-company house owners who blend their awareness of the regional marketplace with the toughness of a countrywide, franchised manufacturer. Now, by connecting these tiny-small business entrepreneurs with bankers who focus in franchise concepts, Locations is in a position to assist providers with investigate and examination on industries and manufacturers and deliver money guidance and guidance tailored to meet up with the exclusive demands of small businesses throughout different franchise sectors.

“Regions Bank is committed to the strength and vitality of companies that help our overall economy and offer vital work and products and services. Our Franchise Lending group is a direct enhance to the customized methods shipped by Locations to a broad range of Company Banking purchasers,” reported Ronnie Smith, head of Company Banking for Areas. “Even further, this addition enhances Regions’ acquisition of smaller-business enterprise loan provider Ascentium Money in 2020 and the growth of our Little Company Administration (SBA) Lending small business. Peter’s encounter, eyesight and management are preferably suited for serving to Locations increase its variety of custom-made and progressive methods for enterprise clientele, and we are very pleased to welcome him to our team.”

Salas and his staff function in collaboration with colleagues throughout Regions’ Commercial Banking, Wealth Administration and Customer Banking divisions with the target of deepening existing business relationships and attracting new clients who can gain from the bank’s technique to workforce-based, thorough companies. This collaboration is dependable with Areas360, the bank’s method to organization improvement that brings economical specialists with a broad assortment of specialties jointly to leverage their collective encounter in a way that makes thorough, powerful banking remedies.

Salas began his banking job in 1985 at Flagler Federal Financial savings & Personal loan in Miami, Fla., wherever he labored as a teller. He afterwards joined the bank’s management trainee software and received formal credit history education. In 1999, he introduced Initially Union Bank’s Bilingual Sales Connect with Heart, the place he managed four teams of 80 bankers.

His working experience also consists of keeping management positions in Client Bank Management, Personal Banking and Small business Banking with Financial institution of The usa and JPMorgan Chase, where by, prior to becoming a member of Areas, he served as SBA Southeast Division Supervisor for Business Banking. There, he also led an SBA Outreach Initiative concentrated on serving minority, veteran and girls-owned businesses.

“The depth of Peter’s knowledge and his dedication to a good client working experience are two key attributes that make him the ideal chief to aid Regions even more develop on its determination to small-business good results,” said Nikki Stephenson, head of Credit history Solutions and Little Business Administration lending for Regions Financial institution. “Our groups serve some of the most lively and growing markets in the country. At the very same time, we have the practical experience and insights to do the job with clients via a wide variety of chances and troubles as they acquire a strategy for organization growth. The addition of Peter and his team is the most recent example of Regions’ dedication to assistance business enterprise purchasers improve and thrive.”

About Areas Economic Corporation

Areas Money Company (NYSE:RF), with $158 billion in property, is a member of the S&P 500 Index and is just one of the nation’s largest complete-services vendors of shopper and professional banking, prosperity management, and house loan merchandise and solutions. Areas serves prospects throughout the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates roughly 1,300 banking offices and additional than 2,000 ATMs. Areas Financial institution is an Equal Housing Lender and Member FDIC. Extra info about Areas and its entire line of goods and products and services can be uncovered at

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Jennifer Elmore
Locations Lender
(205) 264-4551

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