Regional Management Corp. expands operations to Louisiana
September 14, 2022
GREENVILLE, SC – Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced that it has expanded its operations to Louisiana, its 17th U.S. state, with the opening of its first branch in Metairie. The opening further expands Regional Management’s footprint within the southeastern U.S.
“We are excited to bring our suite of affordable financial solutions for the first time to consumers in Louisiana,” said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. “We look forward to expanding into additional markets to enable high-quality consumers throughout Louisiana to leverage our best-in-class lending solutions. Further, the addition of Louisiana to our footprint has enabled us to increase our total addressable market by approximately 75% since the beginning of the pandemic, and our overall expansion strategy continues to position us well to deliver smart, profitable growth and long-term value to our shareholders.”
– BUSINESS WIRE
About Regional Management Corp.
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 17 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, retailers, and its consumer website. For more information, please visit www.RegionalManagement.com.
