“We are excited to bring our suite of affordable financial solutions to consumers in Arizona and further expand our operations within the southwestern U.S.,” said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. “We are currently servicing loans through our centralized sales and service teams, and we will eventually expand those efforts to branches in the state. Our measured expansion strategy continues to enable us to deliver controlled, sustainable growth and long-term value to our shareholders.”
Regional Management Corp. (NYSE: RM) is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name “Regional Finance” online and in branch locations in 19 states across the United States. Most of its loan products are secured, and each is structured on a fixed-rate, fixed-term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally managed direct mail campaigns, digital partners, and its consumer website.
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