Tom Depping

Commercial equipment finance entrepreneur
and CEO at Ascentium Capital
Thomas Depping
       
Tom Depping, has over 30 years of expertise in commercial finance and bank lending. Looking to fill a market need to bring efficiency, service excellence and competitive financing products to small businesses, Depping has been instrumental in shaping financing for small business.

Tom Depping's Entrepreneurial Expertise

Depping served at SunAmerica Financial Resources and its predecessor, First City Leasing Corporation, from 1981 to 1994. Depping held the responsibility as President from 1991 to 1994. SunAmerica Financial Resources was an equipment leasing, merchant bank operation that bought and sold equipment lease portfolios. As President, in a two-year span, Depping took the company from $1.1 million in pretax earnings to $13.73 million.

In 1994 Depping, founded and served as Chairman, President and Chief Executive Officer of First Sierra Financial, Inc., a publicly-held, small-business finance company. First Sierra, under Tom's direction grew from a start-up to a company with $3 billion in assets and a best-in-class servicing platform which provided unparalleled automation and process efficiency. First Sierra was sold to American Express in 2001.

Depping, along with a group of investors, acquired Main Street Bank in 2004 and he became its Chairman and Chief Executive Officer. Under his leadership, Main Street Bank created a small business lending platform and quickly grew from a local community bank to a national small business lender with $500 million in assets.

In 2011, Ascentium Capital was formed by purchasing the majority of assets and the operating platform from Main Street Bank. As Ascentium's Chief Executive Officer and through Depping's vision, Ascentium Capital became a leading commercial lender that specializes in providing a broad range of financing, leasing and working capital loans. The company's offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide.

Depping is a Certified Public Accountant and began his professional career with KPMG. Tom graduated cum laude from Eastern Michigan University.

Learn More & Connect

To learn more about Ascentium Capital, please visit AscentiumCapital.com.

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