Regions Financial in Birmingham, Alabama, has hired three veteran bankers away from U.S. Bancorp to form an equipment finance specialization in technology solutions for business clients.
The group, which will work with companies that are investing in digitization, will be led by Jay Cannon, Regions said Thursday. Cannon, who recently joined the $156 billion-asset bank, has more than 40 years of experience in technology financing and was previously the eastern region manager for U.S. Bancorp’s technology finance group, according to Regions.
The two other hires announced Thursday are Mark Moro and Riley Thompson, both of whom were also previously at Minneapolis-based U.S. Bancorp.
The technology solutions group will be the sixth specialized segment within a bank subsidiary called Regions Equipment Finance Corp. Other segments include asset portfolio management, solar tax equity and government, institutional and tax-exempt financing.
“As companies continue to digitize, move to cloud-based operations, and improve digital security, our team will provide leading-edge insights, helping clients guard against obsolescence while leveraging best practices designed to support and enhance their operations,” Will Perry, managing director and head of Regions Equipment Finance Corp., said in a press release.
