Regions Bank has created a franchise lending team led by Peter Salas. The team will support small businesses particularly through its franchise concepts, according to a press release.
Salas will work with franchise owners in the Southeast, Midwest and Texas operating retail outlets, health and wellness locations. The team will also work with Region’s Commercial Banking, Wealth Management and Consumer Banking divisions.
“Regions Bank is committed to the strength and vitality of businesses that support our economy and provide essential jobs and services. Our franchise lending team is a direct complement to the tailored solutions delivered by Regions to a broad range of corporate banking clients,” Ronnie Smith, head of corporate banking for Regions, said in the release. “Further, this addition complements Regions’ acquisition of small-business lender Ascentium Capital in 2020 and the expansion of our Small Business Administration Lending business. Peter’s experience, vision and leadership are ideally suited for helping Regions expand its range of customized and innovative solutions for business clients, and we are proud to welcome him to our team.”