Regional Management Corp. Announces the Retirement of Chief Financial Officer Don Thomas

Remaining in CFO role until a successor is chosen –

Will support new CFO to ensure a smooth and orderly
transition –

GREENVILLE, S.C.–(BUSINESS WIRE)–Regional Management Corp. (NYSE: RM), a diversified consumer finance
company, today announced that Executive Vice President and Chief
Financial Officer Donald E. Thomas is retiring from Regional, pending
the appointment of a new CFO. Mr. Thomas will remain in his role until a
successor is chosen and will stay on to ensure a smooth and orderly
transition. Regional has engaged an executive search firm to conduct a
search for its new CFO.

“On behalf of the Board of Directors and the entire Regional Management
team, I want to express my deepest gratitude to Don for his significant
contributions to Regional over the past six years and congratulate him
on a well-deserved retirement,” said Peter R. Knitzer, President and
Chief Executive Officer of Regional Management. “Under Don’s leadership,
and with the support of our bank group, Regional doubled the size of its
senior revolving credit facility and added new banks. In addition, Don
orchestrated Regional’s diversification of its funding sources,
including through Regional’s first asset-backed securitization
transactions. Regional is strongly positioned for sustained growth and
profitability. On a personal note, Don has been a terrific partner and a
valuable member of Regional’s management team. We appreciate that Don
has agreed to remain onboard throughout the search and transition
process, and we wish Don only the best as he moves into the next chapter
of his life.”

“It has been an honor and pleasure to work beside such a strong,
disciplined, and talented team during my time at Regional,” said Mr.
Thomas. “I am confident that the leadership team at Regional will
continue to drive the company to new heights and create significant
value for shareholders.”

Forward-Looking Statements

This press release may contain various “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which represent Regional Management Corp.’s expectations or
beliefs concerning future events. Words such as “may,” “will,” “should,”
“likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,”
“believes,” “estimates,” “outlook,” and similar expressions may be used
to identify these forward-looking statements. Such forward-looking
statements are about matters that are inherently subject to risks and
uncertainties, many of which are outside of the control of Regional
Management. Factors that could cause actual results or performance to
differ from the expectations expressed or implied in such
forward-looking statements include, but are not limited to, the
following: changes in general economic conditions, including levels of
unemployment and bankruptcies; risks associated with Regional
Management’s transition to a new loan origination and servicing software
system; risks related to opening new branches, including the ability or
inability to open new branches as planned; risks inherent in making
loans, including repayment risks and value of collateral, which risks
may increase in light of adverse or recessionary economic conditions;
risks relating to Regional Management’s asset-backed securitization
transactions; changes in interest rates; the risk that Regional
Management’s existing sources of liquidity become insufficient to
satisfy its needs or that its access to these sources becomes
unexpectedly restricted; changes in federal, state, or local laws,
regulations, or regulatory policies and practices, and risks associated
with the manner in which laws and regulations are interpreted,
implemented, and enforced; the impact of changes in tax laws, guidance,
and interpretations, including related to certain provisions of the Tax
Cuts and Jobs Act; the timing and amount of revenues that may be
recognized by Regional Management; changes in current revenue and
expense trends (including trends affecting delinquencies and credit
losses); changes in Regional Management’s markets and general changes in
the economy (particularly in the markets served by Regional Management);
changes in the competitive environment in which Regional Management
operates or in the demand for its products; the impact of a prolonged
shutdown of the federal government; risks related to acquisitions;
changes in operating and administrative expenses; and the departure,
transition, or replacement of key personnel. Such factors and others are
discussed in greater detail in Regional Management’s filings with the
Securities and Exchange Commission. Regional Management will not update
the information contained in this press release beyond the publication
date, except to the extent required by law, and is not responsible for
changes made to this document by wire services or Internet services.

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer finance
company providing a broad array of loan products primarily to customers
with limited access to consumer credit from banks, thrifts, credit card
companies, and other traditional lenders. Regional Management began
operations in 1987 with four branches in South Carolina and has since
expanded its branch network across South Carolina, Texas, North
Carolina, Tennessee, Alabama, Oklahoma, New Mexico, Georgia, Virginia,
Missouri and Wisconsin. Each of its loan products is structured on a
fixed rate, fixed term basis with fully amortizing equal monthly
installment payments and is repayable at any time without penalty.
Regional Management’s loans are sourced through its multiple channel
platform, including in its branches, through direct mail campaigns,
online credit application networks, retailers, and its consumer website.
For more information, please visit www.RegionalManagement.com.

Contacts

Investor Relations
Garrett Edson, (203) 682-8331