Regional Management Corp. Announces the Appointment of Harp Rana as Executive Vice President and Chief Financial Officer

GREENVILLE, South Carolina – () – Regional Management Corp. (NYSE: RM), a diversified consumer credit company, announced today that it has appointed Harpreet (“Harp”) Rana as new executive vice president and chief financial officer, effective November 23 or before. 2020.

“We are delighted to welcome Harp to Regional as the new CFO. Harp has a strong background in finance, and we believe she will be a key contributor to our digital and long-term growth efforts, ”said Rob Beck, President and CEO of Regional Management Corp. “Harp’s broad financial expertise and her success in leading digital initiatives and innovation at Citi make her an ideal fit as we continue to invest and improve our omnichannel and digital capabilities. At the same time, I would also like to thank Mike Dymski for his valuable contributions as interim CFO. Mike is an important asset to our company, and I look forward to continuing to work closely with him during his remaining tenure as Interim CFO and in his current role as CFO.

Ms. Rana has 20 years of financial services experience, with broad skills related to capital and credit management, profitable portfolio growth, digital product development and transformation, and banking management. Retail. Ms. Rana was until recently Managing Director, North America Retail Bank at Citigroup. She has also held various additional executive positions in commercial and financial roles at Citigroup, including Head of Deposit and Personal Lending Products in the United States. Ms. Rana received her BA from the University of British Columbia in Vancouver, Canada and her MBA from the University of Rochester in Rochester, New York.

“I am thrilled and honored to lead Regional’s finance team and to become a significant contributor to the continued evolution of Regional’s omnichannel and digital,” said Ms. Rana. “Regional has performed very well during this difficult period, maintaining a particularly strong balance sheet, and I look forward to working closely with Regional’s extremely talented team of professionals to further increase its results and results in the years to come. to come. ”

Additionally, Regional announced today that she has promoted Brian Fisher to Executive Vice President and Chief Strategy and Development Officer from previously serving as Executive Vice President, General Counsel and Secretary. In his new role, Mr. Fisher will lead strategic planning, product development and corporate development, among other responsibilities. Regional also announced that she has promoted Catherine Atwood to Senior Vice President, General Counsel and Secretary from her previous Vice President, Assistant General Counsel and Chief Compliance Officer. The promotions for Mr. Fisher and Ms. Atwood are effective immediately.

“We are delighted to promote Brian and Catherine, who have both done a tremendous job in their respective roles and are well prepared to take on additional responsibilities,” added Beck. “Brian has been a backbone of Regional for years, as well as a loyal and trusted partner, and I am confident in his ability to lead our strategic growth initiatives. Likewise, Catherine’s extensive knowledge and skills have helped keep our compliance management system running smoothly, and she is more than ready to take on the role of General Counsel.

Today’s decisions further strengthen Regional’s leadership team and position the company firmly for the future as it invests in its digital capabilities and omnichannel strategy to increase market share, as well as drive growth. and long-term value for shareholders.

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer credit company that provides attractive and easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, savings banks, credit unions, credit card companies and other lenders. Regional Management operates under the name “Regional Finance” in 368 branches in 11 states in the Southeast, Southwest, Central Atlantic and Midwest of the United States, as of June 30, 2020. Most of its loan products are guaranteed, and each is structured on a fixed-rate, fixed-term basis with full amortization in equal monthly payments, repayable at any time without penalty. The regional branch obtains loans through its multi-channel platform, which includes branches, centrally managed direct mail campaigns, digital partners, retailers and its mainstream website. For more information, please visit

Forward-looking statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather represent the expectations or beliefs of Regional Management Corp. regarding future events. . Forward-looking statements include, without limitation, statements regarding future plans, objectives, goals, projections, strategies, events or performance, and the underlying assumptions and other statements relating thereto. Words such as “may”, “will”, “should”, “probably”, “anticipate”, “expect”, “intend”, “plan”, “projects”, “believe” , “Estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. These forward-looking statements speak only as of the date on which they were made and relate to matters inherently subject to risks and uncertainties, many of which are beyond the control of regional management. Therefore, actual performance and results may differ materially from those contemplated by these forward-looking statements. Therefore, investors should not place undue reliance on forward-looking statements.

Factors that could cause actual results or performance to differ from expectations expressed or implied in forward-looking statements include, without limitation, the following: changes in general economic conditions, including levels of unemployment and bankruptcies; the impact of the recent epidemic of a new coronavirus (COVID-19), including on the regional management’s access to liquidity and the credit risk of the regional management’s financial receivables portfolio; risks associated with regional management’s ability to implement, transition and maintain, in a timely and efficient manner, the information technology systems, infrastructure, processes and controls necessary to support its operations and its initiatives; risks associated with the regional office’s loan creation and maintenance software system, including the risk of prolonged system failures; risks associated with opening new branches, including the ability or inability to open new branches as planned; risks inherent in lending, including credit risk, repayment risk and the value of collateral, the risks of which may increase in light of adverse economic conditions or recession; risks associated with implementing new underwriting models and processes, including with respect to the effectiveness of new personalized scorecards; risks associated with securitization transactions backed by Regional Management assets; changes in interest rates; the risk that the Regional Management’s existing sources of liquidity will become insufficient to meet its needs or that its access to these sources will be unexpectedly restricted; changes in federal, state or local laws, regulations or regulatory policies and practices, and the risks associated with the way laws and regulations are interpreted, implemented and enforced; changes in accounting standards, rules and interpretations, and the failure of associated assumptions and estimates, including those associated with the implementation of the current recognition of expected credit losses (CECL); the impact of changes in tax laws, guidelines and interpretations; the schedule and amount of revenue that can be recognized by the regional management; changes in current income and expenditure trends (including trends affecting delinquencies and credit losses); evolution of the markets of the Regional Department and general evolution of the economy (in particular on the markets served by the Regional Department); changes in the competitive environment in which Regional Management operates or a drop in demand for its products; risks associated with acquisitions; variations in operating and administrative expenses; and the departure, transition or replacement of key personnel. The COVID-19 pandemic can also amplify many of these risks and uncertainties.

The above and other factors are discussed in more detail in documents filed by regional management with the Securities and Exchange Commission. Regional management will not update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events or the non-occurrence of anticipated events, whether either because of new information, future developments, or otherwise, except as required by law. The regional management is not responsible for modifications made to this document by the communication services or the Internet services.

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