Growing Alabama bank to acquire Houston-area financial services firm

Birmingham, Alabama-based Regions Bank is acquiring Kingwood-based equipment finance lender Ascentium Capital LLC.

Ascentium Capital is the largest independent equipment finance lender in the U.S., according to a Feb. 27 news release from Regions Bank, a subsidiary of Regions Financial Corp. (NYSE: RF). Ascentium managed around $2 billion in loans and leases and loan originations of $1.5 billion as of year-end 2019.

Regions Bank — which has a large presence in the Houston market — will…